VincentKeyboard wrotenuclearcat wrote
1500LL to USD it is not something somebody just decide and put.
For the record, the official rate is still just above 1500.
And yes, they can just decide and put. Is that not how centralized currency works?
You can make your own currency at home, let's name it Vincents, circulate it inside, give your kids and wife for good deeds, smiles, and all relations in the house are about Vincents. You want wife to make salad or lunch, you pay Vincents, but she pay for veggies from her funds, just will charge you double... One problem, eventually some home members who go outside to "import" food(those veggies too), toys, etc and they will want some real cash, cause nobody want Vincents outside your home.
You can say you exchange 1500 Vincents to 1USD.
Its piece of cake if you are rich man with large farm behind. But, you own small but known and cozy coffee shop, which barely makes profit, more likely loosing.
So you dont earn much USD, but you generously give Vincents for your family members. Your wife smile all day, and she bought gucci, large petrol guzzling jeep, your kids have latest Apple gadgets with max subscriptions. So how did it happen?
Your uncles living abroad sending you money, and you told them your coffee shop is really kicking and you can give them nice % from investments.
In reality you just give USD of your uncles for your family. And giving uncles fake reports how their investments are doubling, tripling and so on...
Coffee business go really bad, hard times, and your family didnt bothered to invest in it a penny.
Uncles realized that his USD are not really invested, and coffee shop got really rusty crusty, and almost no people want to visit it. They stopped sending you USD and demand money they invested - back.
So, you are free to put 1500Vincents to USD. But you have little USD left, from barely kicking dying coffee shop, your wife and kids have lot of Vincents on hands and they want to pay for gadgets subscriptions, wife need to put fuel in her huge jeep...
And you know you can't afford that anymore.
Yes you have centralized currency and your Vincents. And no USD, all is left barely enough to feed your family.
But they got used for good life and think they deserve it, that each their smile and salad still worth lot of USD.
Unfortunately... reality is bad. Time to realize it.
And not only Vincent who did this scheme are one to blame(while mostly its his scam). Others has to be more realistic that smiles are good and worth a lot in family, but they are not convertible to USD. It's not even really work. And they had to open eyes and take care about family business, coffee shop, instead of buying jeeps and gadgets.
It's time to do real work, grow some veggies in backyard, sell them, and get used for a while for using cheap android and motorcycle. Your family is known to be talented, so for sure you will make something. But, if you, your family, uncles come to senses, which is not happening yet.
Sorry, for such comparisons, but this is what happened and happening, IMO.