1980s—90s,Brazil had hyperinflation,The main reason is the huge government expenditure、Too much currency issuance。In response to high inflation,It took the Brazilian monetary authorities 20 years,And changed the currency in circulation twice,The economy has entered a period of stable development。Due to Brazil’s hyperinflation stemming from severe excess liquidity,The key to controlling hyperinflation is to eliminate excess money supply。Brazil’s anti-inflation policy,The Real Plan is the most successful。The main content of this plan is: to compress fiscal expenditure to reduce fiscal deficit;Introduction of currency value reference index,Use this as the basis for changes in wages and product prices;Abolish Cruzado,Issuance of new currency Real,The ratio of the old and new currency values is 1?蜜2750,At the same time, implement a fixed exchange rate system pegged to the US dollar。The Real plan has achieved remarkable results in Brazil,Brazil’s inflation rate dropped to 4 by the third quarter of 2007.01%,This marks the basic realization of Brazil’s anti-inflation policy goals。current,The difficulty of controlling inflation in China cannot be underestimated,Strict currency issuance disciplines must be strictly enforced,Scientific adjustment of fiscal fund revenue and expenditure,Combined use tax、Exchange rate and other policies,Overall management of bet365 ohio promo code credit scale。(Source: "Financial Science" Issue 6, 2011Sun Sanbai/pick)
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