Comments on: Lead Parachute http://turkmenistan.neweurasia.net/2006/01/17/lead-parachute/ Just another WordPress weblog Sat, 5 Jul 2008 01:27:12 +0000 http://wordpress.org/?v=2.2.3 By: Ben http://turkmenistan.neweurasia.net/2006/01/17/lead-parachute/#comment-69 Ben Mon, 23 Jan 2006 19:39:22 +0000 http://turkmenistan.neweurasia.net/2006/01/17/lead-parachute/#comment-69 Black martket rate: Manat/US$ 25,000/1 Official exchange rate (Nov 2005): Manat/US$ 6,143/1 PPP GDP: $29.38 billion (2005 est.) GDP with official exchange rate: $13.97 billion (2005 est.) Wouldn't 13.97*25k/29.38 give us a better exchange rate, something along the lines 11,887 manat to the dollar? Just nitpicking... although you're right, it is much closer to the official exchange rate Black martket rate: Manat/US$ 25,000/1
Official exchange rate (Nov 2005): Manat/US$ 6,143/1

PPP GDP: $29.38 billion (2005 est.)
GDP with official exchange rate: $13.97 billion (2005 est.)

Wouldn’t 13.97*25k/29.38 give us a better exchange rate, something along the lines 11,887 manat to the dollar?

Just nitpicking… although you’re right, it is much closer to the official exchange rate

]]> By: karakum http://turkmenistan.neweurasia.net/2006/01/17/lead-parachute/#comment-68 karakum Mon, 23 Jan 2006 01:28:01 +0000 http://turkmenistan.neweurasia.net/2006/01/17/lead-parachute/#comment-68 Somehow overlooked the sentence about "black market" rate... These days it floats around 25K manat for 1 $. In terms of purchasing power, the manat could be much closer to the official rate than to the market one. Somehow overlooked the sentence about “black market” rate… These days it floats around 25K manat for 1 $. In terms of purchasing power, the manat could be much closer to the official rate than to the market one.

]]> By: karakum http://turkmenistan.neweurasia.net/2006/01/17/lead-parachute/#comment-66 karakum Mon, 23 Jan 2006 01:16:57 +0000 http://turkmenistan.neweurasia.net/2006/01/17/lead-parachute/#comment-66 That the minister chose to reach out to the retirees suggests that (a) the public anger became strong and hard to ignore, or (b) that the real situation is not as devilous and troublesome as suggested by these exiles and government is comfortable enough with having to explain its decision to the public. In either case, that there are such (even if rare) occasions of dialogue between government and citizens comes as good news to me. That the minister chose to reach out to the retirees suggests that (a) the public anger became strong and hard to ignore, or (b) that the real situation is not as devilous and troublesome as suggested by these exiles and government is comfortable enough with having to explain its decision to the public. In either case, that there are such (even if rare) occasions of dialogue between government and citizens comes as good news to me.

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