MNB 2.33% 4.2¢ minbos resources limited

Recommendation, page-1192

  1. 14,436 Posts.
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    "Ha ha what utter BS, Minbos calculate everything in $US so there is no inflation, someone posted that a while ago."

    So why don't you explain how it works?

    As I see it, if the total cost in Angolan Kwanza increases by 100% because the value of the Kwanza has halved against the USD due to high inflation over several years then how does that affect the cost in USD terms?

    1 USD is $907 Kwanza today. If the Kwanza devalues against the USD to 1800 Kwanza, then the cost of something in Angola using Kwanza has doubled but the cost in USD is still 1 USD.

    If you claim that's BS, let's hear your explanation.

    "How much BS one can read on here is astonishing " Maybe, but that BS is coming from the people that are calling the BS.
    Last edited by chuk: 28/08/24
 
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