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survey measurement

Surveying in countries with too many zeros in their currency

David McKenzie's picture
I’m working on an impact evaluation in Colombia right now, and we are in the process of looking at baseline data from firms. The data are a bit noisy at the moment, and part of what makes it hard for me to look at is that many of the costs are in the millions (e.g. an energy bill of 1,442,990). The exchange rate currently is 1USD = 2055 Colombian pesos.