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HahahaOriginally Posted by BrooklynBeas
TY sir.... My friend is in the DR and i didnt even get one phone call since he has been there.... I think he gets home tomorrow but he is on buddy pass tickets so he can come back whenever
Joe called me yesterday.
Ten Year I.S.O.C. Member & Green since 09/10/2013
It must of had something to do with selling you pesos!... He will hear about this from me cause he usually calls me and tells me how its going down there if he is without me...HahahaTY sir.... My friend is in the DR and i didnt even get one phone call since he has been there.... I think he gets home tomorrow but he is on buddy pass tickets so he can come back whenever
Joe called me yesterday.
Brooklyn Beas - Mi Tesoro Medellin Part 5 - Green Section with uncensored Videos and Pictures
http://news.insearchofchicas.org/forum/showthread.php?429038-04-14-(4-18-5-5)-Mi-Tesoro-Beas-in-Meddy-Part5
Beas in Meddy, just a daily progress report
http://news.insearchofchicas.org/forum/showthread.php?428980-04-2014-Beas-in-Meddy-just-a-daily-progress-report
DRAGON SLAYER Super Mod
I was hoping it would at least be in the 30's by now!! :cry:
Ten Year I.S.O.C. Member & Green since 09/10/2013
it was 28 yesterday in Sosua... 28.50 in Santiago... this past week it fluctuated from 27.50-28.50
Ten Year I.S.O.C. Member
What is the consensus about the devaluation of the dollar against the peso? Has it been good for the Dominican economy overall? If so, how?
Ten Year I.S.O.C. Member & Green since 09/10/2013
I have spoken with some shop owners and other dominican friends and they dont like it... right now the food and everything else didnt change with the dollar to peso ratio so they are paying more for everything
Senior Member
In any economy, during a devaluation period, there is time lag between downward pressure of currency value, and downward pressure on prices. Many shopowners and manufacturing businesses still have inventory acquired at the higher wholesale prices, and they are reluctant to reduce prices (I can't blame them at all).
The same thing occured in the US after the Carter devaluation in the mid-late 70's and the regrowth of the US economy in the early-mid 80's.
Overall, a stable currency is beneficial to any economy. It spurs confidence within the investor/entrepreneural community, creating real growth and jobs. Additionally, it allows the government to repay debts incurred during high inflationary/low currency value periods with cheaper net debt instruments (like Clinton did to create the illusion of a "budget surplus": he traded long-term debt at higher rates for short-term debt at lower rates, gambling on a stable, low-inflationary/low interest rate environment...and it worked) . It's how the DR can get out of financial crisis, and can begin to grow.
Doesn't do much for bang-for-the-bucks mongering, however. But the DR is still a great bargain, even at 28.00...
Senior Member
I was there this week and it is 28last year around this time it was 45
.
Paid subscriber of I.S.O.C. & member of the Stash.
yeah i'm hoping too!!I was there this week and it is 28
DRAGON SLAYER Super Mod
I feel you on that one but like reel deel said, it's still a bargin at 28.......yeah i'm hoping too!!I was there this week and it is 28
Speaker Of The House
I got $28.00 at Super Super on Saturday. If you experienced 45-50 on your first trip, 28 ABSOLUTELY SUCKS!!!
:x
Agent of SMASH
Ten Year I.S.O.C. Member
Unfortunately, those days might be gone. I feel you though. Its a lot easier to hit up those Palace, Remingtons, and Bohem babes when the dollar is twice as strong. Hard to explain to those that didn't witness it. Perhaps those that hit Thailand during the Asia financial crisis would understand.
As far as a $30 blow job now, that is why it doesn't make sense to me when I read about these cats giving babes $4,000 pesos for pussy. Thatz like 5 blow jobs and massages by 5 different bitches for one bitch that might not even be that good.
Green since 9/3/2007
Actually it's the opposite at the palace. When the dollar went up, their short time went from 800 to 1500. While I was there I negotiated lower but not to $800.Unfortunately, those days might be gone. I feel you though. Its a lot easier to hit up those Palace, Remingtons, and Bohem babes when the dollar is twice as strong. Hard to explain to those that didn't witness it. Perhaps those that hit Thailand during the Asia financial crisis would understand.
As far as a $30 blow job now, that is why it doesn't make sense to me when I read about these cats giving babes $4,000 pesos for pussy. Thatz like 5 blow jobs and massages by 5 different bitches for one bitch that might not even be that good.
I like staying at the Palace, but I really feel that they're overpriced whores you can get for half price after 2:00am.
Speaker Of The House
Buddy, I got my Monica massage last night. I'll NEVER complain about that!I bet you are not getting a massage and bbbjcim for $30US in the dirty south.
I know the exchange rate isn't what it used to be but you are still getting a bargain.
Ten Year I.S.O.C. Member
They raised the price based on the American dollar, lol, that sucks!!Actually it's the opposite at the palace. When the dollar went up, their short time went from 800 to 1500. While I was there I negotiated lower but not to $800.Unfortunately, those days might be gone. I feel you though. Its a lot easier to hit up those Palace, Remingtons, and Bohem babes when the dollar is twice as strong. Hard to explain to those that didn't witness it. Perhaps those that hit Thailand during the Asia financial crisis would understand.
As far as a $30 blow job now, that is why it doesn't make sense to me when I read about these cats giving babes $4,000 pesos for pussy. Thatz like 5 blow jobs and massages by 5 different bitches for one bitch that might not even be that good.
I like staying at the Palace, but I really feel that they're overpriced whores you can get for half price after 2:00am.
DRAGON SLAYER Super Mod
how's the other talent?Buddy, I got my Monica massage last night. I'll NEVER complain about that!I bet you are not getting a massage and bbbjcim for $30US in the dirty south.
I know the exchange rate isn't what it used to be but you are still getting a bargain.
Ten Year I.S.O.C. Member
Picked this up in DR1:In any economy, during a devaluation period, there is time lag between downward pressure of currency value, and downward pressure on prices. Many shopowners and manufacturing businesses still have inventory acquired at the higher wholesale prices, and they are reluctant to reduce prices (I can't blame them at all).
The same thing occured in the US after the Carter devaluation in the mid-late 70's and the regrowth of the US economy in the early-mid 80's.
Overall, a stable currency is beneficial to any economy. It spurs confidence within the investor/entrepreneural community, creating real growth and jobs. Additionally, it allows the government to repay debts incurred during high inflationary/low currency value periods with cheaper net debt instruments (like Clinton did to create the illusion of a "budget surplus": he traded long-term debt at higher rates for short-term debt at lower rates, gambling on a stable, low-inflationary/low interest rate environment...and it worked) . It's how the DR can get out of financial crisis, and can begin to grow.
Doesn't do much for bang-for-the-bucks mongering, however. But the DR is still a great bargain, even at 28.00...
Inflation in check
The Consumer Price Index for February reported by the Central Bank was 0.04%. Accumulated inflation for the two first months of the year is 0.83%, a drastic reduction when compared to January-February inflation in 2004, that was 21.52%. Inflation over the past 12 months has declined from 18.79% as of January to 6.82% in February 2005. The reduction in inflation is attributed to the appreciation of the peso.
Twelve Year I.S.O.C. Member
so in other words while the local prices are still high atleast there are fairly stable?Picked this up in DR1:In any economy, during a devaluation period, there is time lag between downward pressure of currency value, and downward pressure on prices. Many shopowners and manufacturing businesses still have inventory acquired at the higher wholesale prices, and they are reluctant to reduce prices (I can't blame them at all).
The same thing occured in the US after the Carter devaluation in the mid-late 70's and the regrowth of the US economy in the early-mid 80's.
Overall, a stable currency is beneficial to any economy. It spurs confidence within the investor/entrepreneural community, creating real growth and jobs. Additionally, it allows the government to repay debts incurred during high inflationary/low currency value periods with cheaper net debt instruments (like Clinton did to create the illusion of a "budget surplus": he traded long-term debt at higher rates for short-term debt at lower rates, gambling on a stable, low-inflationary/low interest rate environment...and it worked) . It's how the DR can get out of financial crisis, and can begin to grow.
Doesn't do much for bang-for-the-bucks mongering, however. But the DR is still a great bargain, even at 28.00...
Inflation in check
The Consumer Price Index for February reported by the Central Bank was 0.04%. Accumulated inflation for the two first months of the year is 0.83%, a drastic reduction when compared to January-February inflation in 2004, that was 21.52%. Inflation over the past 12 months has declined from 18.79% as of January to 6.82% in February 2005. The reduction in inflation is attributed to the appreciation of the peso.
When you can think of yesterday without regret and tomorrow without fear, you are near contentment.
Your opinions are not my problem...
Senior Member
I'm just sayin'...
Stability of currency is a good thing. it's encouraging to see inflation in check in the DR. Infaltion is the real culprit in any economic decline, especially wage inflation.
Thank You, GSU, for those fine sheepskins on the wall...
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