Post
Topic
Board Economics
Re: Rampant inflation, yet a steady exchange rate.
by
The Pharmacist
on 05/09/2020, 19:05:21 UTC
Local items are bargained as hell over here, which you can observe at https://www.lonelyplanet.com/sudan/a/nar-gr/money-and-costs/355629 but both official and black market exchange rates are so high that prices are still several times higher than they should be.
That was an interesting article, and thanks for posting it.  I live in the US, and there's basically no bargaining/haggling about prices except for things like cars or if you're dealing with an individual as opposed to a business. 

I don't quite understand currency trading, so I can't give you a good answer to your question, but I related to this statement from what you wrote in the OP:

Sudan has really been hit with bad, uncontrollable inflation that spirals up by two digit percentages every year. I should mention that the government thinks printing more money is going to solve the sky-high (at least for local residsnts) bread and gas prices.
You mentioned pizza, and my local pizza joint just raised their prices fairly significantly, so I think the effects of rampant money printing and/or COVID-19 are starting to show themselves.  And if you look at prices of things like stocks, bitcoin, precious metals, they're all sky high.  Everything is starting to get inflated, and I don't see any end in sight to this.