Currency Inflation: An Example & Bangladesh

Most of the currency in our country is through transactions through the bank. There are also some other modes. It's as like a bank. But the currency is sold in the market - maybe you have not heard of it before. But now we can hear the odd currency market.

Somaliland Currency Market

On the basis of daily needs, we saw fish, vegetables, books and clothing market. But have you ever seen that people sitting on the street with a sacks of money. People are buying money for their needs. This type of various markets has been found in the world. The currency is sold at Somaliland of Somalia in Africa. But that money is not fake. Unbelievable, however, that there is absolutely real money being sold there. On the open street, the people exchange their bundle notes.

There is no need for extra security in this money market. So there is no additional police or law enforcement agency there. Because Somaliland's financial structure is known to be helpful in developing such a strange market. That money is called 'Shilling'. Such a situation has caused a lot of shilling prices to decrease.

image source

One US dollar price is close to 10 thousand shillings. So at the cost of $ 10, you can get at least 50kg note! That cannot be taken in your pocket. It is obliged that some sacks or a wheelchair are required to take that money. Or if you have to buy essential items, you have to go out with a sack of money.

The main point is that due to the low price of shilling, the importance of the currency of Somaliland has started to slow down gradually. Even terrorists-hijackers-thieves and robbers have lost interest in stealing these shillings long ago. Therefore, there is no difficulty in transferring money by leaving the road on the road side.

Information Source

Bangladesh Background:
Inflation is characterized as an ascent in the general level of costs of merchandise and enterprises in an economy over some stretch of time. It is one of the real issues of macroeconomics regarding Bangladesh. A generally consistent value level and direct rate of inflation is normal for macroeconomic soundness of Bangladesh.

Causes of Inflation regarding Bangladesh:

Inflation Rate of Bangladesh

There are numerous components behind the rising pattern of inflation in Bangladesh. Such factors contribute, in their own specific manner, to the value climb of fundamental things. A point by point examination of the circumstance is, in this manner, called for, so as to help devise a technique for battling swelling successfully. From the different money related, monetary and different measures examined above, it turns out to be certain that to control swelling, the administration ought to embrace powerful measures suitably.

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