@Porwest
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Reading a post in read.cash, the writer mentioned that they lived in Venezuela, and had a professional career, whose salary was $16USD per month. Of course, being that I live in the United States, this astonishes me since that salary equates to $192USD per year. Here the average annual household income is about $70,000USD. Granted, I am told that this is not considered a GREAT salary. But even at that, let's say that person's salary doubled to just $32USD per month. In a country like Venezuela would that be life changing? Maybe. It makes me think of how differently we all view $100USD. To me that's nothing. But to someone in another part of the world where salaries are low and money scarce, $100USD could be a lot of money. So, what does $100USD mean to you? In your country. How much of an impact could $100USD have where you are from?
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Here in Nigeria the average workers salary is $36 for years we've been fighting that it should be increased to $60. Some Government parastatals agrees and are paying $60 while some still pay even less than $36. what $100 means?. Wow! That's a Jackpot to many. People will value,cherish and even worship who ever gives them. 😂
Is that $36 a month or $36 a year? I am assuming it's per month.
In Cuba, the minimum salary is 2300 pesos cubanos (CUP) and for professional careers are above 3800 CUP monthly (my salary is 4200 CUP) 😏 1CUP ≈ 0.04 USD. So the minimum wage should be 92 USD theoretically, but the reality is another. Bank have no completely access to American dollars, so they can't sell it. Some people with family outside the country or people who travel outside constantly or people who works with tourists directly, are the only ones with USD. And they sell it the double. It can be used to buy some foods and electrical appliances, and to buy flight tickets. 💵
Interesting. Thank you.
US$100 is Php4,988 based on current exchange rates. It will be enough for groceries and food for a two weeks to a month.
That's quite impressive actually. I just went to two food stores yesterday and got hardly anything at all for the $150 I spent. lol
I'm just basing it on my own groceries which is around Php1000-1500 per week. It will be different for others of course.
You are probably a baller over there anyway. lol
Hahahahaha! I'm sort of a big deal here in Manila! LOL! Nah! I want a simple and quiet life.
:::said as allen0187 finishes his last line on the keyboard and then calls his maid over to deliver another round of martinis as he entertains company around his 3000 square foot pool:::: lol
Hahahahaha!
To put this into perspective, 1 USD is equal to 416,232,000,000 Venezuelan Bolivars! Venezuela has become an example of how extreme socialism can destroy an economy.
Venezuela in particular is such a sad story to me. It wasn't that long ago that it was very prosperous and the people were leading a pretty good life. But yes, socialism destroyed all of that. So, then I wonder what 416,232,000,000 bolivars can buy there?
You mean are there any products left to purchase? Who knows? It's possible there are still rich folk there who work for the government/army.
Even in the world's broke economies, there are rich and poor. The gaps are just a little wider.
Yes indeed! We bought a new truck here, so I know how much they cost. So when I see a new SUV or deluxe pickup, I know that there is a family with money.
As i searched the value of the Venezuela’s money to 1 US dollar i’m so surprised. How big is the value.
They are enormously impoverished there, and it is a real shame considering before socialism got hold of them, they were a very prosperous country. Any time someone puts socialism in place promising to take care of everyone...everyone starves.
It’s look like Zimbabwe that all people are billionaire and trillionaire because of the money they made but no value to other countries.
In actual billions and trillions, or just because of devaluation of their currency?
As what i know their money in Zimbabwe are in billions and trillions in denomination but it’s really low value if converted in dollars or sterling pounds?
That's kind of what I was thinking. They have billions and trillions of nothing. lol
I was thinking, how they live comfortably their if that’s the case?
I don't think they do live comfortably. I think they just do their best to survive.
That’s why i’m so confused about that African country, even Iraq, iran, Afghanistan ,etc… why they fighting for? Why not just be united to improve there lives and live peacefully? Is there a hidden treasure buried for them to acquire? 😪😪😪
I honestly think in some countries they are simply taught to hate.
Look like that. They are brainwash just to kill to be a martyr.
It is a very sad state of affairs, and I wish there was a solution. I just don't know how anyone fixes it. And frankly, for them, I don't think they have any interest in fixing anything.
It’s really sad. They are killing there own people for what? If they win the fight and manage there country how could they prospect if the are segregated and ignore help from some progressing countries. The more our earth been in damage stage due to war and chemical weapon they used.