Old Guy,
as was explained to me by the Association, the Contract says PX only needs to effect any change on the 1st of July every year. Think that means that if it was adjusted on that one date, and then continued to fall, to for e.g. say .30 cents the conversion stays there until the following 1st of July.
And now we see PX madly trying to recruit Fokker crew with a already dismal salary of,
Fokker Cap: PGK 372,237
Fokker FO : PGK 258,437
which is then converted to Aussie at whatever the exchange rate is on the day (.3687 as mentioned as the last exchange). And that exchange rate has been dropping almost daily since December (and for a Country that is borrowing Billions what would you expect to happen to its currency?)
But wait there is more.... NO superannuation is paid by PX, and PNG tax is horrendously, higher than AUS.
I'd have say you could get as good if not better package flying a Turbo Prop in Aus and have the added bonus of not having to go to PNG.
Used to be a place for Missionaries, Misfits and Mercenaries, but reckon Mercenaries have be forced out of the game due to such ****e money.