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Yes, but doesn't a 47% inflation rate mean 47% more pesos will...

  1. thecrabpest
    2,424 Posts.
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    08/08/19
    04:12
    Post #: 39913326
    Yes, but doesn't a 47% inflation rate mean 47% more pesos will be needed than a year ago?

    also, I'd assume materials and equipment not manufactured in country would need to be imported and therefore purchased in USD?

    happy to be corrected, but I don't think the devaluation of the currency is going to result in significant savings.
    Last edited by thecrabpest: Clarify purchased in USD 08/08/19
    GXY Price at posting: $1.15 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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