Postby Maroodijex » Tue Jan 03, 2017 6:57 pm
In a free market you'll expect ups and downs of currency. But what is really baffling is the fact that the government pays its civil servants in SL Shillings and all services and goods are based on US Dollars. So every morning the poor fella who is getting paid SLSH is getting poorer because their shilling is worth lesser and lesser.
In this case, before Samsam assumed Finance Ministry the SLSH was trading between 6000 - 6500 to the dollar. Now it is trading above 8000. That is a whopping 25% devaluation. It means the average person who earns SLSH is 25% poorer in terms of purchasing power.
