Do you think that would be positive?On another note, I can hardly understand how this is sustainable in the long run and thinking this country is going to end up like Panama-Ecuador-El Salvador-making the USD the country's currency.
Do you think that would be positive?On another note, I can hardly understand how this is sustainable in the long run and thinking this country is going to end up like Panama-Ecuador-El Salvador-making the USD the country's currency.
Do you think that would be positive?
Using those figures, the peso has devalued at a compounded annual rate of 4.9%. At that rate it will be trading at around 100 in another 14 years.
Who knows, but the current situation with a home currency going down the drain month after month-year after year certainly is no good for many laborers...
For example, I was talking with a taxi driver a few months back-they are making almost the same income in pesos as back in year 2000 as fares have not changed significantly since that time. The devaluation has certainly reduced-diminished their income.
The entire game of fake central bank cartel credit and currency devaluation has taken a large toll on laborers and the underlying economy over two decades now.
The inflationary outcome-we have already witnessed through a large unsustainable worldwide credit bubble-now comes the deflationary unwind.
I have not enough knowledge of this topic but I read that changing to the $ hasnt been a great succes for the average laborer in El Salvador.
Money exchange place on Calle San Luis in Santiago. Two blocks Before Calle del Sol. Paid 49.95.... 50 will be here waaay Before the new year!
DING DING DING we have a winner!!!!I was paid 50-1 a couple days ago at a cambio place on San Luis across from el encanto!!