yes people do try to keep their money in foreign currency or gold. it has gotten so bad lately and banks practically stopped giving loans because they don’t make profit from giving them at low interest rates and with the loan, people just convert it to dollars so it devalues the currency even more.
salaries get crushed, middle class disintegrates and rich get even richer. raises are never adequate. there are no alternatives where would people job hop to?
life is painful, people are just trying to survive daily, they are always in debt and try to shuffle the debt between credit cards. but if your source of income scales with the foreign currency congrats, you are practically in heaven.
not OP but i can answer,
yes people do try to keep their money in foreign currency or gold. it has gotten so bad lately and banks practically stopped giving loans because they don’t make profit from giving them at low interest rates and with the loan, people just convert it to dollars so it devalues the currency even more.
salaries get crushed, middle class disintegrates and rich get even richer. raises are never adequate. there are no alternatives where would people job hop to?
life is painful, people are just trying to survive daily, they are always in debt and try to shuffle the debt between credit cards. but if your source of income scales with the foreign currency congrats, you are practically in heaven.