Thursday, March 06, 2003
The dinar is miraculously keeping its cool and still around the 2360 for a dollar, the lowest it ever got during the last 10 years was 2500 for a dollar but I think we will hit that bottom in the next couple of weeks. A relative of mine who works at a bank says that everybody who comes into the bank is complaining that "al suq waguf - the market is at a standstill". They are a "private bank" - there is no such thing as a private bank really, they are all partially owned by the state - they have been told to stock on biscuits, dates and water, can't imagine why, as if anyone is going to come to work when things start dropping on our heads. But to be fair, after GW I the banks opened pretty fast, people who lived near their work place and could walk to work did just that, the banks limited the amount you are allowed to take from your account to 100 dinars which was around $200 or so at the time, today 100 dinars buys me a pack of local chemical-flavor bubble gum. Since we are talking about money today was payday. It is amazing what the sentence "we're sorry but you know how things are at the moment blablabla" can do to your paycheck, in one single year I have gone down from $200 to $100 and hit rock bottom at $50, in retrospect deciding to go back to living with my parents was the wisest decision I have made for quite a while. My friend G. is getting half his salary in money and the rest in alcohol, really no joke, but good imported stuff which we wouldn't buy anyway. His fatcat-filthyrich boss turned seriously Muslim and is giving away his stash of the devil's beverages. Good for us, I say.
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