VincentKeyboard wroteinfiniteloop wrote I will fire employees or keep them at 1500LL salaries instead of losing my precious 50k per month
At the current rate of change of dollar price, they will increase salaries every month then. That won't make sense.
The only solution for this is that trading becomes LBP only. Don't accept to buy stock for your store from suppliers who won't charge you at 1500LBP.
Increasing salaries will increase hyperinflation, your money will depreciate faster than salary increase.
Forcing people to sell 1500LL wont work. I shortened this economical lesson, had to explain woman in shop, who was ranting near the cat food stand:
"If i bought from outside 100 cat food boxes, $1 each, and i sell to people for 1500LL. Then i will go to sarraf to get money for new shipment, how much $ i will get?
People happy, i'm broke."
The reality is that if we do not wake up, reduce import (esp. luxury items) and wont start exporting something to get $$, then we will all eat the veggies and dirt(because there is not enough arable land even to cover internal foodstuff needs).
This is harsh reality, REAL purchasing power of majority, without spending expats money in banks - not enough even for daily food.
Purchasing power is equal to exported product value you create. If you toss papers at your work from one shelf to another - your purchasing power is near zero now.
Service sector is over, it was clear since start of syrian war. Agriculture, manufacturing - is everything.
And to be honest, at current moment import policies are bad (unpredictable overtaxing at customs for small shipments) - small manufacturing doomed and not competitive.
I personally set myself the task - to start producing something, even with losses, and then raise the question about this.
And if there is no dialogue, god save those who harm manufacturing (evil smile).
