The Value of $1000 for me ~

avatar

This is an entry to "What's the Value of $1000 to You?"

So, what's $1000 to me? I have many answers but I'll keep it brief and talk about money in Libya.

Libyan Dinar compared to USD is measured in two ways. The official Bank price, and the Street Price, (also called the "Black Market" Price.)

The Bank Price, which is the one you'll find by searching Google, is very hard to get USD in Libya. It's cheaper. Sometimes it gets more than %5-10 cheaper than the Street Price. That's a big deal if you know anything about currency trading!

Everyone I know deals with the street price. Anything imported from other countries is priced accordingly, which makes things more expensive than they should be. Considering the salary of a normal Libyan. It feels unfair sometimes.

ahmadmangawhats100usdtome

So, what's $1000 to me?

  • 6x all of my monthly cryptocurrency "liquid" income! (Staked/Saved/Donated income doesn't count here. I have a long-term plan.)
  • 5x the monthly salary of a new Civil Engineer I know.
  • 3x the monthly salary of the average school teacher. (After the salary increase.)
  • 2x what a family like mine needs to live comfortably in the current economical situation.

I wanted to give accurate links, but I didn't find any website in English that shows real numbers. The median salary on this link for example is so inaccurately high it's disgusting! Researching for this made me really sad.

That's about it... My family struggles but manages to sustain itself monthly. It's impossible for one working person (with a normal job) to support a family in the current economical situation, but we hustle, as most Libyans do, so it's okay. I guess. (My hustle is Hive.)

I invite @ojak, @mehmetfix and @ackza to join this contest.

~ Thanks for reading ~
Copyright Notice: CC-BY

hive-186042 iucontest leofinance libya ctp cent usd neoxian proofofbrain hivehustlers
0
0
0.000
17 comments
avatar

Having a different exchange rate between bank and "street" is a dirty way to hide the "real numbers" from the outside world... But, it always works only for that, for "marketing purposes", as industry and people are using the market value, which is in your case, the street value...
Thanks for sharing this REAL information about the economic situation in Libya...

I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!

Comment Footer.jpg

0
0
0.000
Reply
avatar

Yeah, it's sad... It's actually a bit better this year than it was years before, the difference reached %50 in some years.

0
0
0.000
Reply
avatar

Ah yeah I thought about joining yesterday when you posted this as a buzz but forgot today.
Thanks for making me remember again. 🙂
!PGM !LOLZ !LUV

0
0
0.000
Reply
avatar

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT tokens to @ahmadmanga

remaining commands 2

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444

0
0
0.000
Reply
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

image.png

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
Reply
avatar

Aquí en Venezuela también se maneja la tasa del banco y la del dólar paralelo, además de la que cobran los diferentes tipos de negocios, es algo que nos pone contra el suelo ya que no sabemos el precio real de los productos ya que cada quien al dólar le pone el precio que mejor le parezca. Es bueno conocer los parecidos que nos unen, a diferentes piases. Te deseo suerte en el concurso. Bendiciones 🙏🏼🤗💖☮

Here in Venezuela, the bank rate and the parallel dollar rate are also handled, in addition to the rate charged by the different types of businesses, it is something that puts us on the ground since we do not know the real price of the products since each one dollar puts the price that seems best to him. It's good to know the similarities that unite us,
to different countries. I wish you luck in the contest. Blessings 🙏🏼🤗💖☮

0
0
0.000
Reply
avatar

Here in my country Nigeria, we have both exchange means and both are accessible. Though the exchange rates differs from person to person and the differences isn't quite much. I haven't had the chance to exchange currency lately so I can't give the actual figure for the black market exchange rate. Goodluck with your entry

0
0
0.000
Reply