Economy

Understanding inflation and its effects on purchasing power

Omoare-Allen / December 16, 2023

In this article, we will delve into the concept of inflation and explore how it affects the value of money and our ability to buy goods and services.
Inflation is the general increase in prices over time, resulting in a decrease in purchasing power. This means that the same amount of money can buy fewer goods and services as time goes on. It is influenced by various factors such as supply and demand, government policies, and changes in the economy.

Blogs, General

Currency Devaluation vs Currency Floating: Fixed Rate vs Floating Rate

Omoare-Allen / December 16, 2023

Currency devaluation and currency floating are two different approaches used by governments to manage their currencies. These strategies have a significant impact on the stability of a country’s economy and can affect international trade.