Local currencies are terrible, places like Venezuela, or Argentina, the money in your hands erodes, places like Peru, Colombia or the Dominican Republic, their currencies have not behaved so badly in the last 4 years but still. You can feel the effect of inflation on consumer products. The only Fiat currencies that can serve as a "safe haven" so to speak, would be... The pound, the euro or the dollar, which are much stronger currencies than the one owned by the aforementioned countries. And mainly the dollar is the reference currency, easy to access or easy to exchange. In most countries in South America, they will not accept a euro or a pound in any store in a town or city. Only in select or classic places, you first go to the exchange house to get local currency for your euros or pounds to be able to move your purchasing power if it is stored in one of those currencies, on the contrary, the dollar is not the same, With dollars you can even pay for public transportation in many of these countries without any problem and without the main need to first go through an exchange house before being able to use that purchasing power... You have to live in sats and in ounces, goodbye to fiduciary perception.