Posted by: bittertruth September 23, 2011
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In Layman's term if $1=NRs76.. , then a dollar is 76th times more powerful than our Nepalese economy.
In the context, when the value of dollar is already weakening, also means our currency despite the rise per dollar value will hold no purchasing power.
Those are the fools who will be happy to see the rise of NRs per dollar and I pity on them.
The day when $1= NRs 20 occurs, consider yourself lucky to see prosperity all around in Nepal but the thing is will there be dollars by then, anyway? WIll there be any new form of currency by then? It's just the question that can only be answered in the future.
Here is a shocker : Today Gold is in $1600 margin :D
In the context, when the value of dollar is already weakening, also means our currency despite the rise per dollar value will hold no purchasing power.
Those are the fools who will be happy to see the rise of NRs per dollar and I pity on them.
The day when $1= NRs 20 occurs, consider yourself lucky to see prosperity all around in Nepal but the thing is will there be dollars by then, anyway? WIll there be any new form of currency by then? It's just the question that can only be answered in the future.
Here is a shocker : Today Gold is in $1600 margin :D