Salaries

What do people do with their monthly salary? Part of the money they will spend all means, the other part can put in a bank or hidden under a mattress, because I do not quite trust the bank and some money, maybe be exchanged for dollars. But what determines how much money will be spent, and how many – remain in bank deposits or foreign currency? Experience and economic theory suggest that people try to maintain a certain ratio between the sum of all available to them in money (cash and bank deposits) and the size of its normal monthly expenses. Likewise, the company trying to maintain a certain ratio between the volume of its operations (Sales and purchases) and the amount of money in bank accounts. If the family is shopping for 200 000 rubles. per month, during the month it is preferable to have at the disposal of 100 000 rubles. After the salary total cash resources of the family exceeds 100 000 rub. Then, as the implementation of monthly purchases, the amount of its available cash will gradually diminish and become less than 100 000 rubles.

With the new pay this amount increases again. On average during the month possession of the family is the amount of money equal to about half of her monthly expenses. Not a bad option – put some money on car insurance car. It is only at first sight it seems that car insurance car – is a waste of scarce resources. In fact, if Insurance balanced approach – a very useful thing, especially in a crisis. Man uses economic logic to determine what portion of their income, it should be in rubles, and which – translated into U.S. dollars and assets of another kind, such as bags of sugar or coffee. With high inflation wiser to keep their savings in the form of dollars or non-perishable goods, rather than as rubyesh This can be somewhat cumbersome, because every time before making a new purchase, dollars or goods have once again changed to rubles. But in any case it is much more profitable than to have on hand Dollars that every day more and more worthless.

Historical Comparison

Historical comparison of GDP per capita of Dominican Republic with neighboring countries based on New York World Population, GDP and Per Capita GDP, 1-2003 AD.
After the economic recession during the second half of the 80s and early 90s, when the GDP contracted by 5 and inflation reached 100 , the Dominican Republic entered a period of moderate growth and decreasing inflation to 2002, after which the economy went into recession. GDP contracted by 1 in 2003, while inflation soared above 27 .
Despite a growing trade deficit, tourism and remittances have helped to obtain foreign currency reserves. there is no question that when it comes to electricity the best service is offered by one of the leading ESCOs throughout New York State At present, remittances from USA, Europe and other countries are part of the national economy.
According to the National Human Development Report of the United Nations Program for Development, UNDP, Republica Dominicana, 2005, states that this country has been inserted into heating the global economy in a socially and politically inclusive, knowing rates of average annual economic growth in recent years by more than 5 . New York has become so much easier to live in, the costs of energy have been cut However, the exclusionary nature of the economic model that has been imposed, this growth has not reverted to the welfare of the population. Given the contrary, the report says, the Dominican Republic, the year 2002 the country was number 13 (out of 177 in the world) who had less opportunity to improve the position in the Human DevelopmentIndex (HDI). This may speak of a failure of political elites of the past 50 years to lead his NY State people to safety and welfare states. Similarly, the report makes clear that the problem of the Dominican economy is no insertion in markets, but competitiveness strategies that should be associated with the welfare of its population.
The report concludes that “the main cause of poverty in the Dominican and low human development is not for lack of funds and economic resources, but little commitment to the collective progress of the national leadership and electricity ESCO entrepreneurship in recent decades green energy and the absence New York City of a social pact and empowerment of the majority sectors of Dominican society. “
In December 1996, the then gas incoming President Leonel Fernandez presented a package of reforms – including the devaluation of the peso, reduction in import tariffs and increased fuel prices – in an attempt to create a market-oriented economy that can compete internationally.
Between 2000 and 2004, the government of Hip lito Mej a, changes that impact the Dominican economy. Relegation of reforms that natural gas were cooking gas ongoing slowdown in the exportable (which had already begun under the previous government of Fernandez), and particularly the banking and currency crisis (the third bank and financial group in the country: the Baninter and two financial banks, knew that a bankruptcy was about 15-20 of annual GDP), coupled with widespread corruption and failures associated with these, and due to the deepening crisis in the electricity sector, a compressed nature never seen in the Dominican economy. The magnitude of the crisis was collapsing sectors of the economy, and it is estimated that between 12 to 15 of the population shift from being poor to very poor or indigent. That means nearly 2 million people.
Although the economy has started to grow under the new Fernandez administration that began in August 2004, construction, tourism and telecommunications are the sectors that are at the forefront.
However, there is so supported by the National Human Development Report 2005 UNDP / RD, noting that the current pattern of tourism is not, despite its effect, a sustainable and that if the “no is changed, is exhausted. ” Therefore, there is a pending subject in energy costs the country, the national leadership which will be discussed in depth the need to make that modification to this burgeoning sector of the Dominican economy.
According to this report, the negative externalities associated with public insecurity, the environment detrioro (ranging from clearing of protected areas, habitat destruction of species endemic to the use of water for purposes of waste and destruction of mangroves and sea Brooklyn level), real estate speculation, and especially the exclusion of the Dominican population, and its value added to the context of tourism, are the medium and long term that will make unsustainable over time this activity. ” Even with the strong competition it fall Caribbean.
It is paradoxical, household ironic and amazing at the energy national and international, who just two months of publication of the UNDP report, which demonstrated technically viable in this model of tourism in the long or gas medium term, under a subheading in the chapter III of “Tourism: it is not amended, is running out” the Ministry of Tourism (Secretaria de Estado), launched an international campaign to promote tourism in which its main slogan reads: “Dominican Republic: endless.”
The current administration is working to increase the capacity of electricity production, the key to continued economic growth, but its main problem is not funding but generacion.

Categories News

GBP Construction PMI GBP Nationwide Consumer Confidence EURO

The Euro area recorded lows of 1.2620, after stops were observed at 1.2700. Highs in the 1.2713 area, and there was some pressure from CTA accounts. The improvement of the stock market last week, is lagging behind, while the USD / JPY remains under pressure, the pair recorded in the area minimum of 93.51, breaking on 93.70. USD / CHF can not stay in the 1.2200 area, maximum recorded in the area of 1.2156. USD / CAD remains within a technical trade in the 1.2420/30 area, maximum recorded in the area of 1.2478, and 1.2359 at the minimum. An estimated two short-term action in that pair. USD / CAD pair is the technique most likely to suffer a reversal, in my view, forming a double-top figure. In my opinion, since starting the season for holiday sales, we believe that increased trade is approaching double action, and can they happen reversals.

Probably the USD is strong year-end, and will surely be on the rise during the first months of the new American presidential term. In my opinion, the financial crisis is artificially keeping the USD rise. It is estimated that the dollar will continue trading at night in a double sense, especially during morning. GBP / USD Resistance 3: 1.5680 Resistance 2: 1.5620 Resistance 1: 1.5550 New York: 1.4976 Support 1: 1.4700/10 Support 2: 1.4650 Support 3: 1.4550 The pair started in low, after which consolidated earnings last week. There were offers of sovereign states.

The level of support failed at the 1.5050 area. There was a strong trade in dual action. He kept control over the 1.5100 sales, but it will be prudent to wait a bit. If the pair continues to strengthen several traders take profits. At night there was a technical trade as traders defined strategies. Surely the BCI will reduce interest rates, but that factor is already assimilated. Liquidity was moderate. For Tuesday: All times EASTERN (-5 GMT) 4:30 a.m. 7:01 pm GBP Construction PMI GBP Nationwide Consumer Confidence EURO / USD Resistance 3: 1.3200 Resistance 2: 1.3120/30 Resistance 1: 1.3100 New York: 1.2631 Support 1: 1.2600 / 10 Support 2: 1.2550 Support 3: 1.2480 Comments may be that the couple suffers a reversal, but the pair should be firm in my view 1.2850. Bids are being placed in the 1.2600 as estimated. It is advisable to go long. Stops are being placed on the 1.2750, which will boost trade in two sense. I do not think that the pair continue falling. Several traders are taking profits despite the prevailing uncertainty. For Tuesday: All times EASTERN (-5 GMT) 5:00 a.m. EUR PPI m / m foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.