Post by
Chianchin on Jan 21, 2023 4:35pm
Explaining inflation in LATAM to Musgy/boy
GUD borrowed 32 million of a basket of LATAM Curencies. Lets use Argentina as an example where inflation is at Offically 100% but on the streets is double that more like 200%. VIs a Vi the US dollar the bans offer 178 pesos for 1 US on the streets the pay 375 pesos. So if you borrwoed 1000 pesos every months vis a vi the US dollar the 1000 pesos will. be worrth 16% les in dollar value. Granted GUD got a basked of pesos but in latam there is high inflation so what will the 32 million borrowed will be worth next months ? A lot less than 32 mr modmugsy/aliases
Comment by
joe0301 on Jan 22, 2023 12:29am
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