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Thread: Qatar may revalue its currency in the coming weeks!
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Old 25th Mar 2008, 08:35
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goneeast
 
Join Date: Mar 2008
Location: Further East
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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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