Yet another day of paycuts!
No they will not de-peg or revalue. The only pressure is inflation and that is purely a political pressure in most countries. Here it is not, as the locals can always have a pay rise or some allieviation. What do the ex-pats do? Hardly likely to be a political pressure here.
So no revaluation. They are making too much money out of us all!
Enjoy the paycut... Enjoy the inflation.....
This years salary review? Less than the salary devaluation over the past year that is certain. All wrapped up in some flowery language to say how lucky we all are...
