Yes back to the issue. My apologies to those who try to keep these threads on track.
Here is a link to the USD index:
http://www.fxstreet.com/rates-charts/usdollar-index
The graph is not pretty with a well established down trend. Analysists say not likely to stop the overall trend anytime soon for a number of reasons, amongst which is the US Fed printing its way out of recession.
The index is the USD vs a number of currencies. The economists sensible way to measure it objectively, hence my thoughts that its high time the ERP is treated with similar logic, reassessed in principle, (including its caps and rolling period) and applied to all at EK in order that we are protected against the issues illustrated in the Gulf News.
The recent moves in the Gold price also appear to confirm the USD's projected fate. Inflation will grow in the US but nothing like as fast as what the UAE is in for.
Our only real hope is either a salary increase or for the UAE to de-peg the AED but both seem unlikely for now. A logical review of the ERP would help everyone.