Flogas - seller of LPG gas increasing price of per litre of LPG by 22% in January 2021 (from 42 pence per litre to 51.3 pence per litre)
We use the number of units of each currency that are created as a measure of currency confidence or risk. When additional units of a currency are created there is a greater risk of a loss of purchasing power due to inflation or hyperinflation of the currency price of goods and services. People usually refer to currency as money unless it is debased severely by new currency creation. True money like gold and silver cannot be created by private and central banks.
Wednesday, December 16, 2020
Saturday, December 12, 2020
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Malawi Devalues Currency by 44%
Malawi just devalued its currency - the Kwacha - by 44% against the US$: https://www.african-markets.com/en/news/southern-africa/malawi/mala...
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Malawi just devalued its currency - the Kwacha - by 44% against the US$: https://www.african-markets.com/en/news/southern-africa/malawi/mala...
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The Central bank of Nigeria started incentivising people to use the Nigerian CBDC (eNaria) in October 2021 but a year later only 0.5% of the...
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Zimbabwe has introduced a gold backed digital currency. Still government controlled it appears. How will citizens know the gold is actually ...