Tag Archives: currency

Inflation, Devaluation and Confiscation

When we live in a financial system where money is printed by governments and they decide that only that can be used as a medium of exchange, it should not be a surprise that they print more and more of … Continue reading

Posted in Financial System, Money | Tagged , , , , | Leave a comment

What is a Dirham or Dollar Worth These Days?

I have been living in the United Arab Emirates for the last 15 years and have been around when they shrunk the 1 dirham (28.5 mm to 24 mm) and 50 fil (25 mm to 21 mm) coins, and have … Continue reading

Posted in Financial System | Tagged , , , , | 8 Comments