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High inflation erodes the value of assets, money, and causes the country to experience high welfare losses due to the costs experienced in reinvesting these assets or converting them into goods from money. When inflation is incredibly high, confidence is lost in money and its ability to be exchanged for goods, so economic instability occurs and money, becoming more risky, rises further in cost. In these conditions, people get rid of money and choose to barter or use foreign currency instead.
What else can I help you with?
What do you mean by one peso of the Philippines?
i peso
What is the currency in Manila?
Manila is the capital of the Philippines. The Philippines uses Philippine Peso as their currency. So Manila uses Philippine Peso.
What is the money system in Philippines?
Philippine money is called the Filipino Peso, or in English the Philippine Peso.
How much is a 100 apaxmai ekaton into Philippines peso?
100
How much in the Philippines peso in one dollar 2007?
46 Pesos
After the devaluation of the peso the Zapatista National Liberation Army began a revolt against the Mexican government?
No. The revolt didn't have anything to do with the peso devaluation, although such event increased the volatility of the currency markets.
What do the Philippines call their money?
mhelcute: We call it PESO. Php or Philippines Peso.
What do you mean by one peso of the Philippines?
i peso
What were the results of mexicos foreign debt cisis?
Devaluation of the Mexican peso as well as a fall of the Mexican economy.
What is the currency in Manila?
Manila is the capital of the Philippines. The Philippines uses Philippine Peso as their currency. So Manila uses Philippine Peso.
What is the currency of the Philippines called?
The currency of the Philippines is the Philippine Piso. It used to be called the Peso.
What kind of money is used in the US?
the Philippines has peso,peso is Philippine money,it looks diffrent then other money in the us dollars.
What are the 2 countries has peso?
Mexico and Philippines
What is money from the Philippines called?
Philippine Peso
What is the color of 1 thousand peso bill?
The color of the 1,000 peso bill in the Philippines is blue.
What is the money system in Philippines?
Philippine money is called the Filipino Peso, or in English the Philippine Peso.
What money does the Philippines use?
The Philippines uses its own money, which is called the Philippine Peso.
