You are viewing a single comment's thread from:
RE: A simple example about whats happening with turkish liras
That's nothing on the situation in Venezuela though. There was something like a 5000% inflation rate in a week.
I found this post gave an interesting insight.
https://www.boredpanda.com/things-compared-money-venezuela-economy-hyperinflation/
You can now double the size of those stacks of cash though. At least.
Yeah, we’re nowhere near to Venezuela.
Our exports are not grouped at a single natural resource. Also, tourism has boomed this year due to devaluation.
But still, this is a huge devaluation in such a short timeframe and we will see its bad consequences in this year.