The Devaluation of fiat money is powered by Inflation

[jasonjm]

There will always be inflation. However getting 10% inflation is not normal. It hurts many people living pay check to pay check and those that are savers.

Sometimes, a moderate amount of inflation is considered healthy for the growth of an economy. But, yes, inflation touching double figures is always bad news for the people as the commodity prices will increase, and the buying power will decrease, hence the devaluation of the currency. It is also not good for the economic growth of a country.

Normally you should never hold cash in the bank. You need to have it in some form of investments such as stocks or even bonds. Right now you can get 5% with most bonds and it’s risk free pretty much. So with the inflation we got right now, you are pretty much breaking even.

Saving money in Bank accounts is a suicide. You should only have a small amount in your bank account for day-to-day purchasing. Bonds are the best option, I think, if the person is not willing to take the risk. Other options, such as Gold, Silver, Property, etc. can also be considered. At the moment, inflation is a global phenomenon, and people are living paycheck to paycheck in most countries.

[bayu7adi]

What Causes inflation: For example when the demand for a particular products is higher than the supply,that way inflation has taken place.
Another one is when prices goes up and affect everything including supply. And dont meet  up to a persons or country needs and wants.that way inflation has ocurred.

Inflation can also occur when the government engages in excessive money printing, causing the value of money to diminish. Consequently, the prices of goods increase in order to match the devalued currency.

Zimbabwe once experienced hyperinflation reaching 231% because the Central Bank of Zimbabwe routinely printed money to finance the nation's budget deficit. Monetary policies like this rendered the currency worthless, forcing people to spend more money to acquire goods, but also allowing them to earn a substantial income through ordinary work.

[MFahad]

Saving money in Bank accounts is a suicide. You should only have a small amount in your bank account for day-to-day purchasing. Bonds are the best option, I think, if the person is not willing to take the risk. Other options, such as Gold, Silver, Property, etc. can also be considered. At the moment, inflation is a global phenomenon, and people are living paycheck to paycheck in most countries. 

In some cases saving amount in bank is a wise choice because when you invest in something else then you cannot take it out when you need it but from bank you can take it out anytime when an situation of emergency arise.

It is not necessary that you will have to save money in only one site but you can select different cites and divide your saved amount in bank, bitcoin and some other business.

Keep check on your amount after sometimes because saved amount can be depreciate and devalued with the passage of time but there are also possibilities of earning more with such a saved amount so checking of amount is necessary.

[|MINER|]

A country's currency is controlled by the government.  Inflation is a bit of a state disease.  During inflation, the prices of goods increase and the value of money decreases.  This issue can be controlled by the government. But if the system is weak, it will increase day by day.  Inflation is a curse for a country. In a country where inflation occurs, the people of the country suffer many hardships.  fiat currency is also controlled by the government and banks. All of them are under the control of the government. The better the government management, the lower the inflation rate.  A proper market system plays a major role in controlling this.

[BitcoinTurk]

If a country's currency loses value rapidly devaluation has occurred and devaluation indirectly causes inflation. Fiat currencies are controlled by governments and don't have any maximum supply. This causes money to be printed for free and causes the currency of that country to lose value and be devaluated. Inflation occurs when the devalued currency loses serious value. For this reason, it is possible to say that the triggering factor for devaluation is inflation and the triggering factor for inflation is devaluation.

In other words, both possibilities actually trigger each other and only occur differently in terms of processes. While inflation occurs relatively easily and quickly against devaluation, devaluation occurs relatively slowly against inflation. Although both of them have serious negative effects on the country's economy it should not be forgotten that some of these effects are similar or the same.

[killerfrost]

War and conflict can cause disruptions in economic activity and the supply and demand of goods. This can lead to price increases and inflation. Rising prices for raw materials, such as oil, can cause price increases and inflation. This increase in raw material prices could affect production, transportation and production costs.
They are all part of the reason for inflation, when people or investors do not trust a certain country's currency, they may launch foreign currencies or look for ways to invest in other assets, leading to the devaluation of that currency.

[Biznesmen]

Devaluation of fiat money is powered by inflation?

The loud and clear answer is a big NO. Here's a huge misconception about the devaluation and depreciation of money. Both are entirely different terms with different meanings, but related to currency, of course. The thing is, currency devaluation is controlled by the central bank or monetary authority of the country. Currency depreciation is driven by market forces of demand and supply. Devaluation causes inflation risk; it can lead to inflation, eroding purchasing power. But inflation is the cause of the depreciation of currency, and it's a natural decline in currency value. Depreciation of currency has a long-term impact on the economy as compared to currency devaluation, which has a short-term impact on the economy.

[yhiaali3]

The main cause of inflation is the printing of more and more banknotes until they eventually become worthless because according to the law of the market, increasing supply leads to a decrease in value, and this is what happens with fiat. The more paper money is printed, the more its value decreases.

The main reason for printing more paper money is the wrong government economic policies. When the government adopts a wrong economic approach, this leads to emptying the state treasury of cash reserves. To solve this problem, the government’s smart economists print more paper money, which causes a bigger problem and ultimately leads to inflation. Loss of currency value.