IFD: The currency value change process is almost done!!!
Day 477, 02:29
•
Published in Israel 
•
by
•
by Israel Ministry of Finance
Dear citizens,
After our last announcment about changing the currency,
we happy to announce that we almost finished the process.
Which means that in the next couple of days all the prices must be cut by half, or we will not achieve our goals, and make the market unprofitable since the prices will be twice as they used to be.
We would like to get your collaboration, thank you very much.
The IFD.
Facebook
Twitter
Discord
Comments
i just posted this in you last article but i'll post it here as well.
sadeh, you forgot one very important thing. to make an economy stronger, you don't need a higher value for the currency, you need stability. you need to have a stable market without too many changes. the only way to achieve that is through time. once all the new tax laws pass you market will gradually become more and more stable. the more people are using this market the faster this will accure.
changes in the currency value are not supposed to be decided by the government. it is supposed to be influenced by the state of this country's economy.
p.s.
just to inform you, most companies cut the salaries in half but not the prices in the market. and even if they will it won't change he current state as there will be half the income and half the costs. the state of the economy will not change. these grand-scale changes only hurt the economy.
Easy for you to say, but we here in eIsrael will need to fight for our existance, and we wont do it without attracting people to work here, in 2 weeks from now, turkey will be able to attack us, and we must fight them back.
Those who will cut the wages by half will do the opposite of what they need to.
The wages comparing to the market are so low right now, if we will cut them in half it will be nothing, and make people to even run away from here.
what you are doing has nothing to do with the so called "threat" by turkey. turkey will not attack israel because of our MPP's. what you are doing won't matter in these case.
everyone will cut their wages by half, because that is what the most logical senario in these case. you can't expect people to do something just because you tell them to. its a free market.
the wages will increase with time, just like i said. you need time to improve the economy, and with all those big changes youre making you only make it happen slower. anyway, the market will be stibalized by itself after some time. no matter what kind of changes you will do, it will always balance itself.
Many companies run at or near break even, they can't just cut prices in half while paying the same labor cost. Labor and prices have to go down at the same time unless you plan on subsidizing the entire country (which would not be a good idea, grain maybe, just because it's medium productivity and will need more help than 99% tariffs no matter what the value of the NIS is.)