RE: LeoThread 2024-12-29 13:49
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This would be absolutely devastating to me if I wasn’t here earning crypto. But thanks to that it works in my favor.
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You are viewing a single comment's thread:
This would be absolutely devastating to me if I wasn’t here earning crypto. But thanks to that it works in my favor.
It's worse here
Looks about the same on the 5 year. And that’s compared to USD which is always going to lose to bitcoin
It's just fiat being fiat...
Losing it's value over the time. Better to be in bitcoin
👍
Gee 😲
That's bad
Same~
What the hell happened in 2021!?
Correction! That's what...
What Google shows, is the Bank price for USD in Libya... But since we're a sanctioned country, it's REALLY HARD to get USD at Bank price. Most people won't be able to. So, when the Street Price reached 4x (or was it 6x?) the Bank Price, the Central Bank in Libya corrected the official price.
It still doesn't work all the time, though...
Google shows USD to cost 4.9 LYD right now. But the actual Street Price is more like 6.5 LYD.
We don't really mind, as everything in the country is adjusted to the current Street Price, so we're used to it. But it feels bad when I check Google and have to explain this like I do now.
And mistake me if I’m wrong but the sanctions are just a form of bullying in this case.
I hope crypto can encourage an end to this kind of thing.
Yeah, it's form of Bullying!!
The worst of it, is that people who actually have a lot of money are able to get USD at cheaper prices than the poor people do! Then they SELL us stuff at the Street Price.
Talk about corruption!!
On the other hand, a lot of people in Libya are nice and we help each other out, sometimes for Free. So, it's not always bad.
I keep saying if USA was in our shoes, most of them would have killed each other already.
EDIT: Retyped the word Shoes correctly.
You are right.
I believe we are all being played against each other for a few people’s benefit. I want to see all ships rise, not this current bullshit.
👍
😀
wow look at that rate
what is JPY
That's why I love crypto
Low doesn't mean bad
when you earn a currency that is crashing, it makes travel much harder and it also encourages tourists to come which raises the prices of everyday things because tourists can afford what locals and residents cannot
Indeed, but Japan is considered an emerging market and has long-time low interest rate...
These two factor depreciate the value of the fiat, but if japan manage to get some more activity in the country to be able to get rates up and devlop economy more JPY will probably boom agaisnt dollard
😘
the value so big in USD
Should I say, I'm lucky to be here too?
Yeah me too