GREAT POST, enlightement raders.
Countries that adopt a centralized economy have advantages and disadvantages. The centralized economy embraced by socialist countries, the government controls all the country's resources and wealth. control of the economy is very tight, including currency exchange control. They want to make national currency in their country. If this can be done consistently and consistently it can indeed make your own currency in your own home. Only unfortunately, the controversy over currency exchange was also hit by a ghost called the black market. if the government implements strict controls it will make people who are accustomed to using other currencies become illegal. And market players who feel pressured will use illegal methods. the black market becomes a necessity that cannot be avoided. If the black market is rife and fertile, it will certainly affect the country's economy. The trade balance value is greatly reduced and the impact will be directly on inflation. If inflation is out of control, it can cause chaos. A chaotic country will be very easily torn down either subtly or harshly. Subtle means that there will be parties who seem to help the economy in the form of soft loans, grants or assistance, but basically it is a way of mastering the economy through agreements between state leaders. If this happens, it is not impossible that the state will be controlled by other countries without going through military annexation.
Officials and politicians in power will benefit a lot. they children tend to take state wealth through corruption. they children carry out projects to get a budget and then share with the company or even they have a company that will work on government projects. Having benefited from their wealth, they make money laundering by diverting assets to parties that seem to have no relationship with them to avoid the actions of anti-corruption agencies.
even though we know that rampant corruption will seriously damage the country's economy. money that should be used to build people's interests is stolen by corruptors. While the people live with their shortcomings, they can easily get state property and facilities. And it seems appropriate that both of them deliberately maintain their power to be able to commit corruption.
two things that must be done to be able to implement currency exchange controls is to eliminate the black market and eliminate corruption. to be able to eliminate the black market is enough for the needs of all citizens and no one should feel deprived. Corruption must be eradicated to its roots. take the wealth of corruptors, poor him and punish severely, so if necessary, the law dies.
if this can be fulfilled maybe the economy will be better and can implement currency exchange controls.
thank you steemit
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