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RE: One Of My Passive Incomes : Calculation HBD Saving Interest APR %

in LeoFinance2 years ago

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%.