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How To Save Money In A Country Where Inflation Rate Is Quite High?
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[QUOTE="Sotherefore, post: 240861, member: 27033"] When the inflation rate is very high you shouldn't consider to save your money in the bank , after all your money will depreciate and the value will greatly reduce but instead of saving in the bank you should rather look for a way of saving your money that the inflation does not affect it and probably two of these ways might help you. 1) Saving your money in the US dollars: To me , this is one of the most easiest way because the value of your money will increase as the economy of your country decreases . I don't really know how people can be saving in the US dollars especially if you are not living in the United States. I believe it will be quite possible if you are working online and earning in cryptocurrency or the US dollars , you can easily convert your US dollars to crypto currency and store . 2) The second one is by investing in profitable ventures that can help you recover from the depreciation. There are legit ways of investing your money such as real estate investment, government bond or treasury bills , this will help you recovered from your loss due to depreciation. [/QUOTE]
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How To Save Money In A Country Where Inflation Rate Is Quite High?
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