My morning coffee was 30,000 kip yesterday. Today it was 35,000 kip.
Over night devaluation of 16 percent.
Discussion
The Kip is the (very bad) fiat in Laos.
It's not super bad yet, they still print menus in some places. But street vendors are using stickers already to adjust pricing
Inflation sucks. Take my ⚡️
Thanks. I've got some of their shitcoin in my wallet it was 80 bucks when I atmed it. Now it's worth around $67. They need Bitcoin badly here (there's zero use day to day)
"Adventures in late stage fiat". Largest bill, economy is cash based. Go luck up what it buys(not much)
Good luck! All the world needs Bitcoin badly. Those of us in America won the lottery of places to be born. We are often blinded to the struggles of the rest of the world.
#plebchain
Yes, we're lucky for sure. We won the lottery at birth in the west
The internet, Bitcoin and nostr can slowly level the playing field but it will take time
Thanks mate. I am just traveling through and can take it but appreciate it. The locals need it more, they store their value long term in USD
