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February 19, 2024, 12:35:22 AM |
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Out of curiosity, what country are you from? Are you from Argentina? Anyways, the interests dynamics have been that way since forever, really. Those who win in the local currency do not want for the price of the United States Dollar to rise, because it makes all more expensive for them to afford. On the other hand, those who earn their salaries in United States dollars would like for the dollar to rise in price, so they can affort to buy more good and services with the same quantity of money than previous months. It is a struggle between those earning in different currencies. What is why any serious government should take care of their macro economy, so there are not a division between the people in the country, a division between first class citizens and second class ones, who are less benefitted because of the currency they get paid with. In my point of view, if the government cannot longer fight a battle against inflation, then it would just take for them to allow the dollarization of the economy and allow people to save their money in foreign currency. That is what happened here in Venezuela, the government gave up to the power of the USD.
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