Inflation in my country enhanced by dollar rate.
Inflation is one of the most common and constant thing in any countries economy.
the way prices of commodities increase nowadays it's as if the control switch has been damaged.
this thing callecalledinflation has now become a reoccurring phenomenon,
even the government can't seem to know how to control it anymore or they don't want to.
in Nigeria dollar seems to be the new gold or oil, own a $100 and you realise you are holding many people 3 months salary.
its kind of crazy the way one dollar equals to #900 plus skyrocketed within months not up to a year to almost double the amount,
just when people thinks that the new government being sworn in would make things better, it's now just like moving from the frying pan into the fire.
the subsidy removal in Nigeria most valuable export, oil has become a big damage to the economy, but it's all for the betterment of the country but again the no cash policy comes crashing on the subsidy,
which in turn makes life hard for people living below the average.
many people have turned to crooked ways and get rich quick schemes as an alternative, because you can't just survive in Nigeria with your normal daily jobs you do anymore
after all this being said, the biggest story of all in town is the way everything in the market are getting inflated.
its not just cars or generators, houses or lands but also locally made farm productions.
People no longer eat three square meals anymore, many people eat two times or once a day without fasting.
maybe 8 years before now many mothers only ask thier children if they have eaten' not if they are satisfied.
but now many don't even bother to ask thier children if they have had something to eat, because they themselves have not eaten since like a day before.
the inflation in my country has gone so bad that prices of things and foodstuffs in market increases within the space of 24hours, not even a space of months.
going to the market, shop or stores with a calculated amount of money to buy things is not advisable again
because you will never meet the price of products you want to buy the way you left them a day before.
the economy is in shambles because it feels like everything is spiraling downstream more faster than anticipated.
salaries are becoming useless especially small ones, you tend to spend far more than what you are earning
the good in all this is just that many people, just youths, are tapping into the cryptosystem at a very high rate, maybe that would serve as a leverage on many peoples salary
thanks for your []