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Imported inflation - It refers to the rise in the prices of goods and services in a country that is caused by an increase in the price or the cost of imports into the country.

It is simply a variant of cost-push inflation which states that a rise in the cost of inputs can lead to an inflation in the prices of final goods and services.

A rise in interest rates in the West tends to cause the currencies of developing countries to depreciate against western currencies, A rise in interest rates in the West tends to cause the currencies of developing countries to depreciate.



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Imported inflation - It refers to the rise in the prices of goods and services in a country that is caused by an increase in the price or the cost of imports into the country.

It is simply a variant of cost-push inflation which states that a rise in the cost of inputs can lead to an inflation in the prices of final goods and services.

A rise in interest rates in the West tends to cause the currencies of developing countries to depreciate against western currencies, A rise in interest rates in the West tends to cause the currencies of developing countries to depreciate.

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How Does Bitcoin Mining Work?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.

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