Skip to main content

Reply to "Labba Question for you."

Django 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. 

Thanks Kaz,

I am jogging my memory, my time line of the exchange rate probably incorrect.I can recall the exchange rate was 10 to 1.

Not for the US dollar. I think it went from $2.30 straight to somewhere near $90:1 when the IMF devalued the dollar. In the '80s, the pound was less than $5.00 although very close to it giving us the term, "leff a pound" for a $5.00 frek. 

Now you may be referring to the exchange on the street. I remember buying US for around $18-$20 when we left in 1987. That $18-20 shot up to close to $200 after the IMF action in 1989.

FM
×
×
×
×
×
×