Be that as it may, I hold that the decision could have been delayed a bit further, particularly if the desire was to continue to hold the rate of inflation down.
Reactions by economic agents to inflation appear to be steeped in rational fear. Generally, human beings appear to act rationally.
Once it has been decreed that certain activities, transactions, earnings or assets should attract a tax then that will be pretty much it, really.
Generally a country can borrow domestically and/or from foreign suppliers of loans.
Prices of precious metals and values of currencies do not always move in tandem.