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Switching to contracts in local currencies
Thread poster: Nikolay Novitskiy
Nikolay Novitskiy
Nikolay Novitskiy  Identity Verified
Russian Federation
Local time: 10:44
Member (2018)
English to Russian
May 22, 2022

Do you consider switching to your local currencies, to protect your income from inflation?

In my country major businesess are already doing so when trading with foreign clients. EUR and USD exchange rates towards Russian rouble fell by 25% since January. Using these currencies means suffering losses.
 
Hipyan Nopri
Hipyan Nopri  Identity Verified
Indonesia
Local time: 12:44
English to Indonesian
+ ...
No May 24, 2022

Because my currency is really weak compared to foreign currencies.

However, if Rupiah is getting strong like your currency these days, certainly I will.

Nikolay Novitskiy
 


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Switching to contracts in local currencies







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