Countries where people suffer the most from currency depreciation
Ghanaian Cedi the fourth worst performing currency
Ahead of this weeks AfroBitcoin conference in Ghana, Zimbabwe is still the country with the worst performing currency globally with a loss of 75% against the USD since Jan 1, 2022. Followed by Venezuela, Cuba and the Ghanaian cedi on Rank 4 with a depreciation of 57%.
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The inflation dashboard shows a similar picture. Zimbabwe leads with an annual inflation of 400%. Ghana is on the 4th place as well with an annual inflation rate of 153%.
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Inflation, corruption and authoritarianism go often hand in hand as laid out in my article Opposing the Corruptible Fiat System, Bitcoin Enforces Universal Human Rights.
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