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RE: Inflationary Effect on the Acquisition of Consumer Products in Small and Medium-Sized Enterprises (SMEs)

in Project HOPE4 years ago

Greetings friend @dgalan the inflationary problem affects a lot to small and medium enterprises, I am because every day that price to replenish their merchandise increases, and often when selling their inventory is not enough to replace the amount they sold, which is why companies currently express their prices in dollars ($) in order to obtain a more stable currency than the legal tender in the country, and thus achieve mitigate the loss of money and the decrease of its inventory, thank you very much for sharing this topic.

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Greetings @ chucho27. Very true your appreciation, regarding the strategy of traders to charge their products in a foreign currency, such as the dollar in order to safeguard the replacement costs of their inventories. However, the hyperinflation that we live in our country and the lack of price control makes in many cases that even though the charge is in the dollar currency, when they go to buy the merchandise, this has a higher cost than the previous month, since the Venezuelan market devalues even foreign currencies bringing a problem that has no solution.

Thank you very much for your comments