By Carole B. (Supreme BonaireTalker - Post #6940) on Saturday, September 13, 2008 - 2:32 pm: |
Hi, everyone!
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By num air (New BonaireTalk Poster - Post #1) on Saturday, September 13, 2008 - 2:58 pm: |
so this is at least a year away right?
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By Susan Davis, InfoBonaire, Bon. Insider (Experienced BonaireTalker - Post #249) on Saturday, September 13, 2008 - 4:48 pm: |
Ria, in the official announcement by the Island Government, no date was yet set for the effective transition to the dollar, and, instead, the release stressed that the conversion would have to take place over time to avoid economic difficulties.
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By Barbara "CB" Gibson* (Extraordinary BonaireTalker - Post #2115) on Saturday, September 13, 2008 - 5:15 pm: |
Bummer. If it's good for Bonaire, and it's what Bonaire wants, okey dokey, but I like knowing I'm in a different country, fumbling with coins at the Cultimara. Besides, the money's pretty.
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By Trevor Hibdige, Lac Bay Villa (Experienced BonaireTalker - Post #115) on Saturday, September 13, 2008 - 5:15 pm: |
For a while it will be possible to pay in Dollars but you will receive your change in NAFs.
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By Glen Reem (Supreme BonaireTalker - Post #2845) on Saturday, September 13, 2008 - 9:12 pm: |
What am I missing???
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By Mickey McCarthy (Experienced BonaireTalker - Post #623) on Saturday, September 13, 2008 - 9:57 pm: |
Glen
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By Barbara "CB" Gibson* (Extraordinary BonaireTalker - Post #2118) on Saturday, September 13, 2008 - 11:17 pm: |
Marshall Islands, at least some of the Federated States of Micronesia. Does Belize? I can't remember...
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By Vince DePietro (Bellevue Bonaire Condo ) (Extraordinary BonaireTalker - Post #1668) on Sunday, September 14, 2008 - 6:40 am: |
I believe this is an excellent choice!
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By Susan Taft (Experienced BonaireTalker - Post #907) on Sunday, September 14, 2008 - 6:43 am: |
Belize has their own currency, the Belizean dollar. The exchange rate is exactly two to one which makes it easy to use for those of us challenged by conversion rates! British Virgin Islands use the US dollar as their currency if I remember correctly.
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By michael gaynor (Supreme BonaireTalker - Post #3383) on Sunday, September 14, 2008 - 8:47 am: |
We will certainly have lots more one dollar coins than we do now..I get them from Ecudor
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By Lorraine Meadows (Extraordinary BonaireTalker - Post #1238) on Sunday, September 14, 2008 - 8:57 am: |
Is it like everything changes, but stays the same, kinda of thing ?
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By Ann Johnson, Massage Hut-Sorobon Beach (BonaireTalker - Post #49) on Sunday, September 14, 2008 - 1:01 pm: |
I too think it's a great decision for the island. We can't use the guilder going forward because the dissolution of the Antilles means it may no longer be a viable currency. Countries who wish to use the euro have to comply with strict economic standards that Bonaire's economy simply cannot meet. Although we are becoming a municipality of Holland, we still don't meet those standards and are in a unique postion as an island with tourists and residents from many countries. Being that I am a former foreign currency markets employee, I may have a strong opinion!
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By michael gaynor (Supreme BonaireTalker - Post #3384) on Monday, September 15, 2008 - 8:35 am: |
It really will have some minor impact but almost all the residents are used to the dollar already and have been for more than 20 years! It will entail a lot of book keeping changes and computer entry work, payrolls, taxes, etc. etc. I really don't anticipate much difficulty. Prices in many places are already posted in both currency.
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By Harrie Cox (Experienced BonaireTalker - Post #492) on Wednesday, September 24, 2008 - 10:41 am: |
Strange,
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By michael gaynor (Supreme BonaireTalker - Post #3397) on Wednesday, September 24, 2008 - 11:04 am: |
Harrie Do I detect some cultural and national bias? You do realize that our economy is based in tourism and the "Dutchees" who visit love the dollar since they change Euros for dollar. As the French Business people in ST. Martin what they would prefer! I think that if you ask the local community, they will not want the Euro!
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By David Johnson (Experienced BonaireTalker - Post #458) on Wednesday, September 24, 2008 - 11:56 am: |
Harrie --
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By I. van den Berg (BonaireTalker - Post #13) on Wednesday, September 24, 2008 - 11:58 am: |
If you read this forum people tend to go for the dollar if you read dutch forums people tend to go for the euro. I wish the people who have the responsibility for this choice a lot of wisdom.
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By Harrie Cox (Experienced BonaireTalker - Post #493) on Wednesday, September 24, 2008 - 12:00 pm: |
Michael,
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By Harrie Cox (Experienced BonaireTalker - Post #494) on Wednesday, September 24, 2008 - 12:17 pm: |
With the remark about the whole world paying the debts for the problems in the US I didn't mean really paying the intrest. No, the european stockmarkets went down because of all the sh*t made in the US by the financial institutes, not because the companies in Europe were in bad shape.
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By David Johnson (Experienced BonaireTalker - Post #459) on Wednesday, September 24, 2008 - 12:48 pm: |
You are correct that a downturn in one global market tends to cause issues in others. Why? If the down economy in country x drives down consumer spending in that country, and that company imports products, any "foreign" company selling to that market suffers. Many of those companies are asian, european, etc.
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By Vince DePietro (Bellevue Bonaire Condo ) (Extraordinary BonaireTalker - Post #1680) on Wednesday, September 24, 2008 - 1:15 pm: |
David..I think your postings make a lot of sense & I'm completely in sync with your arguments.
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By Kevin W. Williams (Bella Vista Estates) (Experienced BonaireTalker - Post #606) on Wednesday, September 24, 2008 - 9:32 pm: |
It's really a matter of the basic strategy of "buy low, sell high", Harrie. Right now, essentially my entire net worth is in guilders. Maybe 10% in dollars, none in euros. If the government switches us to euros, they are basically forcing me to buy euros at a time when I get the worst deal in history. I don't like to buy high.
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By Ted Johnson (BonaireTalker - Post #21) on Thursday, September 25, 2008 - 6:16 am: |
Here's a partial list of countries that officially use the US $
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By Ann Phelan - www.bonairecaribbean.com (Supreme BonaireTalker - Post #3342) on Thursday, September 25, 2008 - 6:57 am: |
I was in St. Martin in Aug. and some places are offering 1=1 if you pay in cash. Business and restaurant owners say they are suffering due to the weak USD (with US consumers who visit SXM). It was very $$ to spend any amount of time on St. Martin but I prefer that side vs Sint Maarten for personal reasons. We just forgot the money issue and paid.
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By Harrie Cox (Experienced BonaireTalker - Post #496) on Thursday, September 25, 2008 - 10:59 am: |
Once again,
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By Kevin W. Williams (Bella Vista Estates) (Experienced BonaireTalker - Post #607) on Thursday, September 25, 2008 - 11:16 am: |
You have never stated a reason that the dollar is bad for the locals, Harrie. I'm a local, and switching to the Euro would be very bad for me. If they did it, I would convert all my accounts to dollars before it went into effect. I don't want to exchange guilders for euros at a time when the exchange rate is so bad. If I wanted euros, I'd wait until the dollar was strong against the euro, and then switch. I don't want the government to force me to do the exchange.
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By Harrie Cox (Experienced BonaireTalker - Post #497) on Thursday, September 25, 2008 - 11:51 am: |
Kevin, I also consider myself as a local, but not making my money in touristindustry.
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By michael gaynor (Supreme BonaireTalker - Post #3400) on Thursday, September 25, 2008 - 7:39 pm: |
One word GOLD
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By Harrie Cox (Experienced BonaireTalker - Post #499) on Thursday, September 25, 2008 - 7:43 pm: |
What about black gold?
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By michael gaynor (Supreme BonaireTalker - Post #3403) on Friday, September 26, 2008 - 9:33 am: |
Want to go in on an oil rig venture..I really think oil is doomed as a commodity into the next century...Gold never seems to get "used up"
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