If we deduct the current, huge inflation of 8+%, we get the same APR on HBD as we have before, 12% :)
If they screw the inflation, even more, we will lose wealth with 20% APR... :(
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Please more explain it.
HBD is pegged to USD and there is inflation in the US which is over 8% at the moment... Inflation evaluates money and that's what I meant to say... You have 20% more USD/HBD in your account, but because of inflation, you can't buy the same stuff that you could before for the same amount of money...
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Yes, Right!
Inflation is worse in Myanmar. Commodity prices are rising by about 40%.