3 ms·
There is a reserve demand created because taxes are not due until some time after the transaction that created the tax liability. If you don't want to have exc
by cameldrv 6y ago
There is a reserve demand created because taxes are not due until some time after the transaction that created the tax liability. If you don't want to have exchange rate risk, you need to hold the dollars until the tax is due.
- clarkmoody 6y agoIt's a good point, but: If you don't want to hold the fiat, you can always send taxes on a continual basis to the collection agency (most people do this with each paycheck, via the automatic withholding). In the case of a rapidly inflating fiat currency, you would make the trade, since you are probably going to lose value holding the dying fiat.