PPRuNe Forums - View Single Post - Qatar may revalue its currency in the coming weeks!
Old 25th Mar 2008, 10:25
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Qatari515
 
Join Date: Feb 2003
Location: Dohacity
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Euhhh...hello guys...wake up!


You are paid in QAR...correct!

So lets say you make 50000QAR

Today that makes about 13760 USD (50000/3.64)

After the re-evaluation that makes about 17000USD (50000/2,94)



Is it clear like this???????

So in Doha you will not get a pay rise, but your purchasing power should go up as the prices for all the imported goods should go down. ( Watch the word should, as with these corrupt crooks you never know)

People paying bills in USA or Europe will feel the re-evaluation in a positive way, as the exchange rates will go back to the levels they where 3 years ago!

Now if you are a contract pilot with a salary defined in Dollars, then you better start re-negotiating that contract. Otherwise you will loose 20% salary....Perks of being a contrat pilot I guess

1-on1 in basic economics finished now


By the way, nobody will ever announce the re-evaluation. You will all know about it once it has been implemented already. Reason is to avoid currency speculation!

Damn....otherwise I could be a millionaire as well!
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