PPRuNe Forums - View Single Post - Qatar may revalue its currency in the coming weeks!
Thread: Qatar may revalue its currency in the coming weeks!
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Old 25th March 2008 | 08:35
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goneeast
 
Joined: Mar 2008
Posts: 64
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From: Further East
I might appear thick here , so please bear with my question:

1 dollar is (about) 3.6 riyal so if they revalue by 20%, 1 dollar will equal 2.9 riyal ( correct so far?)

now if your salary is in USD but paid in riyals, your wages drop??

if so, how is this a good thing? As I said, I might be missing the point here.

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