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...
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%.