Gas prices soar to record in Dominican Republic

[dv8]

and as a bonus we also have an issue of paying for petrol with a credit card:
Estaciones no aceptaron tarjetas de Cardnet - DiarioLibre.com

as for petrol, jeremy clarkson said some time ago that it is dirt cheap: half of the price is taxes. the other 50% is to find it, dig it our, refine it and transport it all over the world. plus pay the salaries of everyone involved, insurances and other costs and hack up immense profit. the raw material must be worth pennies.
so think how all those petrol companies are f**king us all up...

 

[bronzeallspice]

Something has to give. DR is becoming unaffordable between the new taxes and fuel prices.

Something will give: a revolution.

 

[playacaribe2]

Something will give: a revolution.

.....Actually, it will be the peso. As Danilo has increased taxes he is in fact slowing the economy. That should in theory strengthen the peso. But with prices rising on items beyond the control of the government, and the strengthening of the major world currencies, particularly the dollar, he will be forced to print more money and further devalue the peso.

The seeds are being sown for a run on the peso...not today...not tomorrow...but unless the ecomomy significantly improves in the next 6-12 months, expect the printing presses to run and the peso to decline at a faster pace than it is currently experiencing.


Respectfully,
Playacaribe2

 

[pauleast]

.....Actually, it will be the peso. As Danilo has increased taxes he is in fact slowing the economy. That should in theory strengthen the peso. But with prices rising on items beyond the control of the government, and the strengthening of the major world currencies, particularly the dollar, he will be forced to print more money and further devalue the peso.

The seeds are being sown for a run on the peso...not today...not tomorrow...but unless the ecomomy significantly improves in the next 6-12 months, expect the printing presses to run and the peso to decline at a faster pace than it is currently experiencing.


Respectfully,
Playacaribe2

Do I hear 50 to 1, U.S by this time next year ??

 

[Criss Colon]

I SURE Hope So!!!!!!!!
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I'm increasing my "Prepper" Food/Fuel Stash!

 

[bronzeallspice]

.....Actually, it will be the peso. As Danilo has increased taxes he is in fact slowing the economy. That should in theory strengthen the peso. But with prices rising on items beyond the control of the government, and the strengthening of the major world currencies, particularly the dollar, he will be forced to print more money and further devalue the peso.

The seeds are being sown for a run on the peso...not today...not tomorrow...but unless the ecomomy significantly improves in the next 6-12 months, expect the printing presses to run and the peso to decline at a faster pace than it is currently experiencing.


Respectfully,
Playacaribe2

Opinions vary, I don't see this happening but we shall see. I just don't see the economy
significantly improving. Instead I see a steady decline.

I do expect the peso to decline at a faster rate as you stated.