Pimpy

There is still more talk about the exchange rate.  I thought they had this thing settled but apparently not…  Article:  “Al-Kazemi’s advisor: The state’s loss will be great by adjusting the exchange rate”  Here’s the issue.  The poor people were affected when their currency was devalued.  That means it cost them more dinars to get the same items they need just to survive.  Now you have inflation happening…as inflation increases that’s called the hidden tax…purchasing power continues to be reduced, again affects the poor people.  The only way you can tackle inflation is you have to raise the interest rates and if you raise the interest rates it will affect the poor people…So how do you fix that?  The only thing they got left is to increase their purchasing power…JMO