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Government pegs diesel @ $3.11 in pseudo-currency & insists on the 1:1 parity with the USD, making it USD3.11
It also pegs diesel at USD1.24 for diplomats & tourists
There is at once an admission of inequality & a mindless insistence on parity between the USD & pseudo-currency
It also pegs diesel at USD1.24 for diplomats & tourists
There is at once an admission of inequality & a mindless insistence on parity between the USD & pseudo-currency
It suggests a government that is struggling to make up its mind on the currency situation. It is going to extend this & open diplomats and tourists only shops to maintain the two tiered price regime? Because fuel isn’t the only problem.
It is likely that parallel market will simply take a cue from the admission that the USD and pseudo-currency aren’t equal and push rates accordingly. Will government readjust prices to reflect same, but still insist on 1:1 parity?
