What things to consider when any country,s money devaluate...i.e.,inflatio... or foreign reserve or consumption.
Answer:
Let me try to answer this part:
"What things to consider when any country,s money devaluate"
Answer: Prices are going to go up on everything.
I have been through a currency crash, and as an American, am about to go through another.
The trick is to put your wealth into anything but the crashing currency. Buy other currencies, gold, silver, real estate, anything. Don't hold the crashing currency. Exchange rates and inflation rates are about the same during a currency crash, you can exchange back a small amout at a time to pay the bills. Don't count on wages or pensions to keep up with the inflation, they are the last things to go up and will fall further and further behind as the crash goes on.
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers: