Post
Topic
Board Economics
Re: Monetary crisis
by
Kemarit
on 17/07/2018, 14:48:59 UTC
The monetary crisis is a condition of worsening financial condition of a country over a period of time and is characterized by a decline in the national currency exchange rate against the international currency and skyrocketing prices in the market and the decline in global economic activity.
Is your country experiencing a monetary crisis?

LOL. We have been experience financial crisis in our country for more than 20 years because of corruption. While our neighboring countries are experiencing growth, our country is sinking deeper.

How do you think the current market price is down?

Personally, I'm not that affected with the market going down.

What about the basic need to continue living with your family?


All the price of the basic commodities are rising every year. I'm just lucky that I have a business that is doing good, but you don't have to be complacent and relax, I save for the rainy days, you don't know what will happen next in our country. We just elected a new President in 2016, and things are looking bright, however, it will take a Herculean effort to overcome everything is 4-6 years. So better be prepared by diversifying your portfolio and invest.