PPRuNe Forums - View Single Post

30th June 2007 | 12:17

#14 (permalink)

Sinbad1

Guest

Posts: n/a

currency protection guaranteed

MTOW,

No offence taken I assure you In fact I totally sympathise with a lot of the expatriate guys (As I used to be one myself) especially anyone who has to send money to service a mortgage loan back home or other financial commitment. I think it should be currency protection guaranteed for salary. Years back in Malaysia airline they had this system to protect expatriates against the fall of the Malaysian Ringgit. Maybe the pilot unions (if any) in your neck of the woods should discuss this with the contract manager. The ones I think who are the worst affected are the Europeans who work in the UAE because the Euro is not tied to the dollar as the Dirhim is. They are more susceptible to changes in currency rates. They would lose a lot when they convert the Dirhim into Euros (or British pounds, for that matter). This would also apply to the Aussies who send money back home. However, the tourists coming into the UAE from these destinations will have a big advantage - although that is no great comfort to you guys.

Safe and happy flying to all

Reply

0