Baseman posted:ksazma posted:Django posted:Labba posted:Bhai Django...me want a currency foh be 1 to 1. Abie money go gat value. Me see that kanta econmist Mr TK seh 200 to 1. He rass mad. Mr Pavi right foh tell he he head na good and Granja right foh kick he. Ehehehe...
Thanks for the input ,bhai Labba.I can recall in the early 70's i had wan lil savings in the bank,the exchange was $1 and few cents to CN$1 and US$1.The late 70's the dollar dropped to G$10 to US$1.Django had wan 5 yr contract with the company working for,salary was G$1300.00 mthly,pun tap of that his side jobs was more than the salary.Life was good,things was cheap.I does laugh when some folks seh Django the under daag,can't shine some top daag shoes.
Bai Django, the exchange in the mid eighties was G$2.30:US$1. The harsh devaluation came towards the end of the '80s when the first round of the PNC bankrupted the country.
Bai, wuh stupidness is this. That was the artificial bank rate. The Street was already paying 20 and 30 to 1. That was the real rate. The country was already bankrupt. The IMF forced the removal of the peg and everything went in free fall.
Yuh rass aint see de brother referring to the exchange at the bank? 
But I do agree that the bank rate was essentially unavailable under the first go around of the PNC rule.