Effects of the devaluation of your country's currency in the cost of real estate Business

[Sotherefore]

Our currency is losing value already. The best thing is to keep ones money away from the fiat currency inorder to avoid been inflated with hyperinflation. This is basically what happens.

Our currency is losing value already. The best thing is to keep ones money away from the fiat currency inorder to avoid been inflated with hyperinflation. This is basically what happens.

Well for me two things really happens , it is either I saved my money in the US dollars or I try as much as possible too invested in cryptocurrency because in cryptocurrency no matter how the value depreciates it will surely rose back to the original price.

 

[Setho]

Ordinarily everybody does not want his local currency to be depreciating in value in relation to the US dollars. Whenever situations like this are happening is usually leads to a very low purchasing power and at the end of the day it is going to affect people who can be able to buy real estate properties .

 

[Ononivami]

Well for me two things really happens , it is either I saved my money in the US dollars or I try as much as possible too invested in cryptocurrency because in cryptocurrency no matter how the value depreciates it will surely rose back to the original price.

That is the essence of the stablecoin, you could keep your money away from inflation and volatility using the stable coin . Because its value hover around the United States dollars.

 

[Sotherefore]

That is the essence of the stablecoin, you could keep your money away from inflation and volatility using the stable coin . Because its value hover around the United States dollars.

Stablecoin to me is that when I sense that the price of cryptocurrency will drop i will use a stable coin to convert all my cryptocurrency but normally I like investing in cryptocurrency for long-term purpose.

 

[Ononivami]

Stablecoin to me is that when I sense that the price of cryptocurrency will drop i will use a stable coin to convert all my cryptocurrency but normally I like investing in cryptocurrency for long-term purpose.

That's another use of the stablecoin but it most definitely used to keep your monies away from the pronounced volatility on cryptocurrencies. That is why most of the crypto investors use the stablecoin .

 

[Sotherefore]

That's another use of the stablecoin but it most definitely used to keep your monies away from the pronounced volatility on cryptocurrencies. That is why most of the crypto investors use the stablecoin .

With the way the economy of our country is just depreciating I can't even imagine saving my money in the bank for long-term purposes, it is not worth the stress for me I don't really know about you.

 

[Setho]

A country is going to devaluate its currency if it has reasons to believe that that is what is going to bring better economic fortunes to it. If you are in a country that has an unstable economy that it is best like you should keep most of your money in foreign currency.

 

[tyrim88]

This is not just peculiar to the construction industry, even that industry fairs better. Many aspects of the economy is affected by the devaluation of the fiat especially those that depend so much on importation.

That is definitely true,the issue of devaluation of a currency actually affects all sector of the economy,because if the contry is a consumption economy then they will be depending on imported products.

 

[Sincerem]

It will definitely affect the value of a real estate property, this is not usually in a positive way but rather in a negative way because the price of these properties will definitely shoot up.

 

[Genie01]

The devaluation in my local currency as a result of the global inflation has greatly affected how we conduct real estate investment.
The price has currently doubled due to its effect.

 

[Nomad]

When your country's currency loses value, the price of property goes up and you will be required to invest more money in the same property. This is one of the greatest problems of our generation which is normally caused by recession and inflation.