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Re:Launch HN: Manara (YC W21) – Connect Middle East engineer... by Jugurtha on Wednesday January 20, 2021 @03:15PM (#25851364)
filleduchaos, that's a badass handle.

>It's exhausting explaining black/parallel currency markets to clients/employers

What's the delta like there between parallel/official rates?

Re:Launch HN: Manara (YC W21) – Connect Middle East engineer... by filleduchaos on Wednesday January 20, 2021 @04:04PM (#25851962)
It fluctuates depending on how far up its own behind the central bank has its head, but usually isn't too bad - it can stretch out to ~1.5x while the official "market" is in denial, but usually stabilises at about 1.2x to 1.3x depending on currency and source.

I've settled on maintaining a domiciliary bank account (denominated in USD) - SWIFT transfers take a few business days, but that's not a problem for steady income and clients can usually be persuaded to eat or split the fees. Plus it's easier to tell people I prefer to receive and hold USD than to explain the state of the economy. Also WorldRemit recently added same-day direct-to-bank deposits of USD in Nigeria-based USD-denominated accounts; I've only received money that way a couple of times though.