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Reporting a forum post #325011
by
MrSupreme
Let me paint the economic picture first:I live In Venezuela and I earn in Bolivares with mega-inflation ( Feb 28: 419.99 - March 29: 474.05 Per 1 Dollar).I am earning around $220 every 15 days (in bolivares).
I can't save in Bolivares (as ChatGPT told me, a melting ice currency), I only keep money in the bank for daily expenses.
Physical dollar bills are where I keep my savings, but to acquire them I must buy them at the Binance rate (Tether/USDT) which is around 620Bs per Dollar.
When we buy things, the prices are set to the official rate (BCV:474.05, BCV-EURO_550.89). Everything i
https://forums.red/p/325011