The people of Zambia woke up on Friday to discover that energy prices had gone up by some odd 40+%. This is coming after the government devalued the currency by 30% due to depleting foreign currency reserves. In real terms, the people of Zambia just got a 30% cut in their wealth overnight. Earning an income in Zambian kwachas? Have financial assets in ZMW? Too bad, your income (assets) will have to go up by at least 30% to keep up with the devaluation. Imagine saving for retirement and waking up one day to realize you’ve lost 3 years worth of savings out of the last 10! #Bitcoin fixes this. https://www.reuters.com/world/africa/malawi-hikes-fuel-electricity-prices-after-currency-devaluation-2023-11-10/