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shopon hossain
Apr 07, 2022
In Welcome to the Forum
A part of the consumer goods demanded by the population will continue to expand in the network of stores in freely convertible currency. For the rest, it has been recognized that there is no availability of foreign currency in the country to sell to the Whatsapp Mobile Number List population, which means that an informal foreign exchange market will continue to exist. The exchange rate of 24 CUP per dollar does not impact the informal exchange rate as it operates in different circuits that are not interconnected with each other. Returning to the idea that one of the purposes is to stimulate formal employment, it should be considered that the effects of the system on real wages are yet to be verified and that the fact that part of the consumer goods are sold in freely convertible Whatsapp Mobile Number List currency is forces contrary to the desired objective. Another Whatsapp Mobile Number List of devaluation is the loss of value of personal savings accumulated over years. How to compensate for these losses, at least in the medium term, is a question that must be present in the current debate from the design of policies. Furthermore, people will try to protect themselves from this phenomenon by buying foreign currency in the informal market, which will continue to push up the informal exchange rate as long as exchange controls exist. Since the ordering process began, it has been repeated over and over again that no one will be abandoned. In the approved budget for 2020, a reserve of 716 million pesos is conceived for the care of “vulnerable” people, available to the Whatsapp Mobile Number List municipalities. In the words of Minister Bolaños : “The most important thing is that it is used consistently, that the process is agile, that people are well identified and that it is processed with a lot of control. We are not talking about financing those who can work, but those people who need to cover their most pressing needs and are unable to work or do not achieve it with their work.
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