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-   -   You thought price increases are bad now? (https://britishexpats.com/forum/middle-east-60/you-thought-price-increases-bad-now-480643/)

johnyzee Sep 12th 2007 12:10 pm

You thought price increases are bad now?
 
Get ready for hyper-inflation. They are going to lower interest rates:

http://www.gulfnews.com/business/money/10152886.html

Choice quote from UAE central bank governor:

Asked what measures the central bank planned to take to tackle rising inflation, Suweidi said: "We need not take anything (sic) at this point."

IndieG Sep 12th 2007 12:14 pm

Re: You thought price increases are bad now?
 

Originally Posted by johnyzee (Post 5302096)
Get ready for hyper-inflation. They are going to lower interest rates:

http://www.gulfnews.com/business/money/10152886.html

Choice quote from UAE central bank governor:

Asked what measures the central bank planned to take to tackle rising inflation, Suweidi said: "We need not take anything (sic) at this point."

:eek::mad: idiots

IndieG Sep 12th 2007 12:16 pm

Re: You thought price increases are bad now?
 

Originally Posted by IndieGirl (Post 5302113)
:eek::mad: idiots

and they won't even revalue the currency:curse:

Inselaffen Sep 12th 2007 12:19 pm

Re: You thought price increases are bad now?
 

Originally Posted by IndieGirl (Post 5302127)
and they won't even revalue the currency:curse:

you can expect bread prices to go up! wheat prices and the freight to ship the wheat to here are both sky high at the moment!

jvr20 Sep 12th 2007 12:26 pm

Re: You thought price increases are bad now?
 

Originally Posted by Inselaffen (Post 5302144)
you can expect bread prices to go up! wheat prices and the freight to ship the wheat to here are both sky high at the moment!

I wonder who will actually feel the pinch.

Cham128 Sep 12th 2007 12:29 pm

Re: You thought price increases are bad now?
 

Originally Posted by Inselaffen (Post 5302144)
you can expect bread prices to go up! wheat prices and the freight to ship the wheat to here are both sky high at the moment!

wheat is bad for you anyway :)

shakh your bootie Sep 12th 2007 12:31 pm

Re: You thought price increases are bad now?
 

Originally Posted by jvr20 (Post 5302179)
I wonder who will actually feel the pinch.

how much are they paying you???? The pound-dirham exch rate is already hurting!

jvr20 Sep 12th 2007 12:33 pm

Re: You thought price increases are bad now?
 

Originally Posted by shakh your bootie (Post 5302212)
how much are they paying you???? The pound-dirham exch rate is already hurting!

i didn't mean me! I mean those who don't automatically convert everything to their home currency and marvel at how 'cheap' everything is over here!

you're right about the GBP though, that's why i haven't sold any dirhams since being here, just saving everything under my mattress.

Paidtoplease Sep 12th 2007 12:35 pm

Re: You thought price increases are bad now?
 

Originally Posted by jvr20 (Post 5302228)
i didn't mean me! I mean those who don't automatically convert everything to their home currency and marvel at how 'cheap' everything is over here!

you're right about the GBP though, that's why i haven't sold any dirhams since being here, just saving everything under my mattress.

What's your address ??? :sneaky:

jvr20 Sep 12th 2007 12:36 pm

Re: You thought price increases are bad now?
 

Originally Posted by Paidtoplease (Post 5302241)
What's your address ??? :sneaky:

you'd never come all the way to Sharjah to rob me!

Paidtoplease Sep 12th 2007 12:53 pm

Re: You thought price increases are bad now?
 

Originally Posted by jvr20 (Post 5302244)
you'd never come all the way to Sharjah to rob me!


Says who???

Inselaffen Sep 12th 2007 12:53 pm

Re: You thought price increases are bad now?
 

Originally Posted by Cham128 (Post 5302196)
wheat is bad for you anyway :)

sssssshhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!! don't tell people that :mad: :curse:

Inselaffen Sep 12th 2007 12:55 pm

Re: You thought price increases are bad now?
 

Originally Posted by jvr20 (Post 5302244)
you'd never come all the way to Sharjah to rob me!

it would have to be a lot of money to force me to enter into Sharjah :blink:

IndieG Sep 13th 2007 7:06 am

Re: You thought price increases are bad now?
 

Originally Posted by IndieGirl (Post 5302113)
:eek::mad: idiots

http://www.gulfnews.com/nation/Polic.../10153349.html

:eek: what's going to happen to me?!!!:unsure:

Mods - Please delete my posts in this thread!

jvr20 Sep 13th 2007 7:30 am

Re: You thought price increases are bad now?
 
oh IG, don't worry - i'll come and visit you with a packet of dal-bhat and Priya's finest lime pickle.


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