No. The logical thing for a country to want is for foreigner to want their currency so much that they will buy lots of it. If they succeed and lots of people buy their currency then that drive up the value of the currency causing deflation, and that is just great, the currency will then buy more on the inernational market (Ie the country became richer) There are also downsides to deflation, but that is a big benefit. inflation (when the value of money drops) is a lot worse.
But there are downsides to selling you money too. As an example China currently own several trillion dollars, If they suddenly sell them all cheap, then US-dollars will inflate a lot. (some 10% just because of the selling) and a lot more because of the panic that will follow.China would suffer too, but much less because they can prepare for it.
It is the same mechanism we know from the stock market. Bubbles and Crashes.
This post was edited by JakobA the unAmerican. at April 8, 2018 5:09 AM MDT
No, because the leaders of such a country would deserve the Nobel Prize for most stupid government policy ever! Just consider the following. Tourists need local currency to enter the country, right? So, once a tourist arrives at the point of entry to this idiot country, they are arrested because they possess the local currency! OK, so the tourists arrive with NO local currency. Now they NEED to buy local currency to pay for the hotel and food etc etc, and they are promptly arrested because they are in possession of local currency. Surely such a country doesn't exist .... yet!
