Thursday, April 24, 2008

on weaker dollar....

over the last few months it is in the news: weakening dollars...... unfortunately it affect everybody.... worst of all i think are us who works overseas.... OFW like me are now faced with a so called double edged blade.... weakening dollar and stronger peso.... the effect was tremendous...

the global effect of the weakening dollar is very apparent with increasing prices of commodities... even here in the middle east where the prices of commodities has been fairly stable in the last 10 years, the direct impact can be felt.. locals and expatriate alike are tightening their belts to make sure they can avail of the very basic of their needs...

for me, i am just thankful that we are still able to sustain the effect of the price increase and the decreasing foreign exchange rate of the peso compounded by the weakening dollars...

let's just all hope for the best....

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