Sentences with phrase «national currency loses»
As Venezuela's national currency loses value at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains from their increasingly worthless bolivars.
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Iran's government has fixed the exchange rate of the national currency, after it lost 20 % against the dollar in two weeks.
It has also partnered with a Venezuelan - based digital currency exchange to help boost its use as an everyday currency — while Venezuela's national currency continues to lose value.
State departments are concerned about the country's national currency, the tenge, and whether it could lose stability if customers regularly choose to trade it in for crypto.
Venezuela is currently facing hyperinflation of more than 4,000 percent in the last year, with the national currency, the Bolizar, having lost around 96 percent of its value.
This is due to a large population of a given country losing faith in their national currency, trading in FIAT — in many cases, their entire savings — into a cryptocurrency.
are prime examples of countries whose population has lost faith in their federal governments and their national currency.