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From the false immortality of the pound sterling to the angel of destruction of currencies: inflation is almost always behind the death of a currency.

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elEconomista · España · · Source

From the false immortality of the pound sterling to the angel of destruction of currencies: inflation is almost always behind the death of a currency.

Inflation is the worst enemy of currencies and has caused the extinction of almost 20% of them since 1850. The Euro is the great destroyer of currencies in modern history by replacing 23 currencies through monetary integration.

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