I love it. One of the local "casa de cambio's" where you go to change your money, publishes its rates on a red ticker symbol outside of their shop. Each day my exchange rate is different, and lately it has been rising. You can't imagine how imeansly entertaining it is to watch your money become worth more overnight! When I got here in La Paz, Bolivia, the exchange rate for dollars was 7.03. Then a day later- up to 7.035, then to 7.04...and now its a whopping 7.045. I know it sounds miniscule (and it is). But for some strange reason, I love watching it.
By the way, things are rediculously cheap here. I'm currently sipping on a coke that I paid 4 Boliviano's for (less than 50 cents for 20 oz), my internet cafe is costing me 2 Boliviano's an hour...about 25 cents an hour, and my hostel costs 40 Boliviano'sa night...about $5.50.
I think part of the reason come from my deep confusion and intruige for the process. I mean, its no secret that the economy in America is in the gutter. So, people are out of work and not spending as much money, the government on the other hand, seems to be on a spending spree. One 700 billion dollar bailout/rescue after another, some say it won't be long before we could see a trillion dollar spending/stimulus plan.
The conection that I fail to make is- how does this add up to an increased value of the dollar? I do have one working theory that the economy of Bolivia is actually falling more quickly than America's...not sure though...its a working theory. :)
I'm sure someone can clear this up for me....but in the meantime, I will enjoy my quasi wall street ticker here in the casa de cambios in La Paz.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment