Financial Crisis 📉 Hanging On By A Thread In Suriname


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Suriname's financial crisis has only worsened since things took a turn for the worse shortly after our arrival roughly 2 years ago.

WESTERN UNION'S BROKE, & CRYPTO CAN'T SAVE US

     Food prices are skyrocketing, cash is getting more and more scarce, and even Western Union is barely functional, having now capped payouts at $200. Those who have a bank account in Suriname are now restricted to $100 USD maximum per week withdrawal, very worrisome in a country where people are accustomed to lifestyles much more expensive than this.

     Even though cryptocurrency is an amazing technology, it doesn't solve any of our day-to-day problems, other than build a monetary asset that's expensive to access. Accessing any kind of funds lately just to purchase rice, beans, vegetables, and pay rent, has proved nothing short of impossible.

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     Our landlords in particular have a very expensive lifestyle, and with the loss of a few renters lately, we have now become a vital financial resource to them, and they've made it clear that we are not be even a day late with our rent for any reason.

     With this in mind, I headed to Western Union a few days before rent was due, just to insure enough time to get the regular $400 USD, the previous maximum, which leaves us with $125 spending money after our $275 rent is paid. Monkey-B is the only one that likes to join me on adventures into town, so of course she came along.

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     Our arrival at Western Union was disappointing, especially after pedaling 7km through floodwater nearly a meter deep in many places. Not only was Western Union out of money, the new limit is $200 per payout, so that means I'll be making these mostly fruitless trips more often.

     There's talk that this hyperinflation is going to lead to a full economic collapse, and although I try to remain optimistic for my family, I'm no longer as hopeful as I used to be. As much as we want to remain a united family, there is nowhere else for us to go during this pandemic other than back to our home countries.

     This would mean my wife and kids return to Cambodia while I would return to the USA with no idea when we can ever be together again. Hive is the only work around here, and last month I made less than $300 blogging and curating, so we only earn enough to survive and nothing else, a very boring life. Combined with my wife's earnings, we probably have a net household income of -$50 per month.

     We can't afford for things to get much worse, but I try not to tell my family too much of the happenings here for fear of causing undue stress. I remain a goofy Dad determined to provoke a smile or laugh whenever I can, as it seems I am powerless in all other things these days. After finding a patch of dry road, Monkey-B de-biked for some style shots, which both got us giggling and took our minds off the crisis we are facing.

     Please send good vibes our way, we'll take all we can get at this time.

Dad
@JustinParke
Mom
@SreyPov
🙏 GIVE THANKS 🙏
Srey-Yuu
@KidSisters
Monkey B
@KidSisters

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