#cedirising
cedirising
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Crypto just got Cheaper in Ghana- But for How Long?
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The Ghanaian currency, the cedi (GHS) has shown surprising resilience against major global currencies.
While this is great news for importation and inflation, this situation of paradise, an important question for the crypto community is:
How does a stronger cedi impact local crypto buying power?
The simpler version proves that the p2p has been flooded with Ghanaians buying $USD1 more than ever.
Ghanaians are entering crypto positions more affordably right now.
The strength of the cedi is an opportunity to rebalance and not just react. But let’s not get too comfortable...
I am keenly following the national bank of the country and will be dropping updates as soon as they drop... If you’re Ghanaian, hit the follow.
@Binance News @Binance Africa
#BinanceGhana #CryptoGhana #CediRising
#BinanceSquare #CryptoEducation💡🚀
.
.
.
The Ghanaian currency, the cedi (GHS) has shown surprising resilience against major global currencies.
While this is great news for importation and inflation, this situation of paradise, an important question for the crypto community is:
How does a stronger cedi impact local crypto buying power?
The simpler version proves that the p2p has been flooded with Ghanaians buying $USD1 more than ever.
Ghanaians are entering crypto positions more affordably right now.
The strength of the cedi is an opportunity to rebalance and not just react. But let’s not get too comfortable...
I am keenly following the national bank of the country and will be dropping updates as soon as they drop... If you’re Ghanaian, hit the follow.
@Binance News @Binance Africa
#BinanceGhana #CryptoGhana #CediRising
#BinanceSquare #CryptoEducation💡🚀
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