Post
Topic
Board Economics
Re: Rampant inflation, yet a steady exchange rate.
by
Botnake
on 08/09/2020, 08:05:22 UTC
And yet, the USD/SDG exchange rate is stuck at 55 since Feburary (and I also felt my share of price hikes when that happened). Doesn't inflation also cause exchange rates to increase, in an inflationary way?

That suppose to happen, so probably USA's economy is also not healthy unlike before the pandemic. I like the idea of yours collecting bitcoin, however, like you said, you can't buy bitcoin in your country but the fact that you are here in the forum, I know you can find a lot of way to earn bitcoin or find a way to buy bitcoin in any possible forms. I find bitcoin as a way to hedge with the rising inflation especially if you are in a small or poor country, so in my case I'm thankful that I discover bitcoin 4 years ago as I was educated that the fiat system is not safe.

It's good to have an option when hyper inflation hits us, we might not see it happening soon but it's better to be ready.