The Ozzie $$$$$
- Duncan
- Sir Duncan
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The Ozzie $$$$$
From a high of $1.10 , now down to below .75. You would think that it would be worthwhile importing some products here to Cambodia. Even the items that are already imported have not dropped down in price.
Is the A. $$ going to go lower and for how long, cause I have this big lump under my mattress and it will stay there until I get more than just a few riel for it , or is there a bank here that will accept A $$ on term deposits.
Is the A. $$ going to go lower and for how long, cause I have this big lump under my mattress and it will stay there until I get more than just a few riel for it , or is there a bank here that will accept A $$ on term deposits.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
- StroppyChops
- The Missionary Man
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Re: The Ozzie $$$$$
Ditto - the value of our investment portfolio dropped about 28% while we were relocating. Now we must sit on it until the AUD recovers, or see that loss become real.
Bodge: This ain't Kansas, and the neighbours ate Toto!
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- Expatriate
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Re: The Ozzie $$$$$
I'd expect to see the AUD end up at about 55 cents to 60 cents USD to $1 AUD. The currency's strength was based on exports of minerals to China and that cash cow is running out of milk - and because of Australia's location and wages; making stuff to export to the rest of the world is going to be too damned expensive for the country to compete.
There'll be the occasional upswing but the long-term projection for the AUD is that it will return to its lightweight value and that will lead to a huge tourism boost but not much else.
There'll be the occasional upswing but the long-term projection for the AUD is that it will return to its lightweight value and that will lead to a huge tourism boost but not much else.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
- vladimir
- The Pun-isher
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Re: The Ozzie $$$$$
I know of at least one Aussie who may have to return home because of this, he gets a pension, and it's not worth much now.
Jesus loves you...Mexico is great, right?
Re: The Ozzie $$$$$
I'm not quite sure I get what you mean Vlad? If he's getting the pension, then shouldn't he return anyway to fulfill residency requirements to get the pension? And if that were not the case, then returning is not much different - price of a beer in Oz is around $6 a pint happy hour - so still would be much cheaper to live there than in Oz one would think!vladimir wrote:I know of at least one Aussie who may have to return home because of this, he gets a pension, and it's not worth much now.
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Re: The Ozzie $$$$$
A private pension won't have any residency requirements. The UK pension has no residency requirement at all but it depends on where you retire to as to whether it receives an inflationary increase each year or not. Strangely, if you retire to Australia it won't get that boost.wasabi wrote:I'm not quite sure I get what you mean Vlad? If he's getting the pension, then shouldn't he return anyway to fulfill residency requirements to get the pension? And if that were not the case, then returning is not much different - price of a beer in Oz is around $6 a pint happy hour - so still would be much cheaper to live there than in Oz one would think!vladimir wrote:I know of at least one Aussie who may have to return home because of this, he gets a pension, and it's not worth much now.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
- Duncan
- Sir Duncan
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Re: The Ozzie $$$$$
Vlad now knows two, except I call Cambodia home.wasabi wrote:vladimir wrote:I know of at least one Aussie who may have to return home because of this, he gets a pension, and it's not worth much now.
I'm not quite sure I get what you mean Vlad? If he's getting the pension, then shouldn't he return anyway to fulfill residency requirements to get the pension? And if that were not the case, then returning is not much different - price of a beer in Oz is around $6 a pint happy hour - so still would be much cheaper to live there than in Oz one would think!
Private pension and Government pension [ OAP ] are entirely different . OAP is '' portable '' [ you can get it paid overseas ] but usually at a lower rate with no add-ons.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
- hanno
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Re: The Ozzie $$$$$
I think another holiday to Oz is in order. Last time I got skinned alive.
- frank lee bent
- Expatriate
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Re: The Ozzie $$$$$
meanwhile about 20% of listings on the shanghai exchange are suspended due to a 12% free fall.
greece is the trigger.
greece is the trigger.
- vladimir
- The Pun-isher
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Re: The Ozzie $$$$$
Good, let them suffer!
Less money will mean less sponsorship by retard scumboys for sponsoring tiger/elephant/rhino poaching.
I hope it hurts real bad.
Less money will mean less sponsorship by retard scumboys for sponsoring tiger/elephant/rhino poaching.
I hope it hurts real bad.
Jesus loves you...Mexico is great, right?
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