Economy for Public: 'Country's Debt' Why currency rate changes?

In general, people do not like to talk or think about economy. They think it is very intricate subject and they do not have such intellect to understand it. For someone, buying a pack of bread by 0.50 pence/cents proves them economy is running very well. They think it is something concerned to a middle aged bald economist or bankers or government who should worry about it. That notion is not true. It is concerned to us all.

Who doesn’t like to get high exchange rate for their currency while they are on holiday? Yet everyone loves to. Is it something you deserve to get? Is it something your country earned through financial status on global economy? The answer is ‘Yes’ to all. How does your currency value fluctuate? Is it something you should worry about? Is it something we can change? The answer is ‘Yes, indeed’. Currency value fluctuates because of country’s financial status over global economy. And country’s financial status depends on contribution to the world’s economy and community. There is a credit scoring system of country’s financial status on global economy like every individual we have.

How does currency value fluctuates? What does affect a country’s financial status over global economy? What factors involve?

There are many factors responsible to change a country’s financial status in global economy. Among them most important are: 

• ·      Government’s Debt (Country’s Debt)
• ·    Country’s productivity and demand in the global market (ratio of exporting goods and importing goods)
• ·      Employment and unemployment ratio
• ·      Government’s spending and Budgets

Government’s debt actually is borrowing money to fulfil government’s spending or budget when country’s income doesn’t meet to fulfil its needs. Debt is one of the worst things for economical downturn. As you know, interest has to pay on all debt which makes Government to borrow more to cope with budgets and spending when country’s income is not enough to meet its needs and interest for debt. A country will remain indebted forever unless a country’s income increases by quarter, double or triple the figure of interests after meeting their budget needs (in this case less spending and smaller budget is a factor as well). Demonstration is shown below by pictograph: 

How can you contribute positively to your economy?

In order to contribute more effectively to the economy people need to be honest and need to have understanding which factors are in their hands to influence. You are all already contributing to your economy somehow, such as consuming or being employed. There is more effective way to contribute. First of all, what demand do you all pose in the economy? The demand you pose in the economy influences the most of the factors. Easy to think like that ‘how much do you need'? What do you need? Where it comes from? Budget and exporting and importing goods ratio varies depending on your demand. Posing demand on home-grown goods always contribute positive for your economy which encourages more productivity.

What should you do to save your economy?

• ·         Be honest
•           Employed 
•           Pose moderate demand
•           Buy home-grown product
•           Less demand on importing goods
•           Pay Tax on your all income (above personal allowance)
•           Pay for goods and services by card

One of the very important roles you can play by declining to pay cash for any goods and services. Author Foisal Talukdar’s spy observation revealed 40% of the businesses do not declare the actual selling margin and profits to avoid tax. Tax avoidance makes the economy weaker as country’s income decreases. To fight against tax avoidance all you should pay by card for any goods and services.

All your understanding and efforts will go vain if you do not have an honest and conscious Government and its administration. Many governments and its administrations and prudent societies publicized the term ‘recession’ so fiercely last few years that many businesses collapse due to consumers frightened and stop spending. It should have handled more tactfully.

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In terms of Economy we are dependent on each other.  Your single efforts can change a little dot. But entire nation’s unified efforts can draw a line. 

N.B - If you have any comments or question please contribute it here. I will be more than happy to interact and reply.                                                                        

Things to see in Gran Canaria

Gran Canaria is a very charming island which is laid at the heart of the Canary archipelago. Gran Canaria is known as a ‘miniature continent’ because of its varied landscape. Desserts, mountains, lush subtropical forests, vineyard and banana plantations are all includes in its mesmerizing beauty. Las Palmas, a cosmopolitan city decorated with beautiful old buildings is known as capital of Canaria. 

Wild West like Town Teror  
There are several things you should not miss to see while you are there. They are:

• Telde: Telde is a municipal city nearby Cuarto Puertas. Telde has above 100 archaeological sites. So, many things can learn from local historian.
• Teror: Teror is a small town with lovely wide streets lined with colonial house. Important site in the town is 18^th century’s jewelled shrine, Gothic tower and Bishop’s Palace.
• Aldea Valley: This place is photogenic. Spectacular east coast views can capture in your camera. Don’t forget to take your camera with you if you visit this place.
• Galdar: This place is a historic site. Fascinating painted cave and ancient pictograph can observe from long lost Guanche civilization.
• Ingenio: This is the oldest village on island full of Guanche artefacts and old farm tools and rocks that used in that time.

Things to see in Fuerteventura

Fuerteventura is the second largest island of the Canary Islands. The island stretches over 100 km in length. Its mother country Africa is just 90km (56 miles) away to the east. It has got most glorious beaches and miles and miles of lovely, soft sand which attracts 2 million tourists a year. It gets windy at times but for windsurfer it is the ideal place to be. The island is divided into two. Northern two-third is The Bulbous with its historic sites and national park of dunes and wildlife, and Jandia in the south resides with its famous beach resorts and volcanic mountainous landscapes. There are many things to see in Lanzarote, but among them don’t miss:

• National Underwater Park: Finest Submarine Park. 
• Valley of Palms: Surrounded by oasis with ancient buildings.
• Pajara Parish Church: Located in small, pretty village of Pajara. The Church is famous for its charming interior with beautifully painted design.
• Jandia Mountain: It is the highest point on the island. Magnificent view over island can oversee. 
• La Oliva: The fascinating town where history has been framed with its 18^th  century colonial buildings.
• Dunes National Park: The Park is vast desert like mini Sahara of undulating white sand dunes. It is also nature reserve for several species of rare birds.

Getting There: Most of the international visitors arrive in Los Estancas International Airport via Spanish mainland. From airport you can hire car or use ferry service. Click highlighted link to find cheap flights to Fuerteventura.

Things to see in Lanzarote

                         Lanzarote – playa de papagayo

Lanzarote is the fourth largest island of Canary Islands. Arrecife is the main city or can say capital of Lanzarote. There are many things to see in Lanzarote. Fabulous beaches, picturesque villages and historic monument are all includes to Lanzarote’s beauty. Among them you must see and must not miss the places below:

• Timanfaya National Park: Montanas del Fuego(mountain of fire), Yaiza (picturesque village), Camel Ride, Visit to the park must be accompanied by guided tour

• Jameos del Agua: Famous for caves created from exploding volcanic gases. Fascinating volcanic caverns

• Mirador del Rio: Famous for panoramic view over the El Rio stretch of river between Lanzarote and Isle of Graciosa

• El Golfo: Beautiful fisherman’s village situated in the bay of El Golfo

• Santa Barbara Fort: Palace of Queen Ico, Nuestra Senora de Gaudeloupe (Church) 

• Fort of San Jose: Museum of Contemporary Art works by Picasso and local artist

Getiing There: Most of the visitors from abroad arrive by air at the Arrecife Airport. Flights are very cheap from any destination in Europe. To search flights just click cheap flight here.

Where to Stay: There are many options. You can stay in resort, hotel, apartment or pension style accommodation. Budget style apartments are quite cheaper and affordable for economic holiday maker. Still you can search for hotel in Google or search here for cheap hotel.

Where to Eat: There are plentiful restaurants where you can smell exotic food surroundings. Oriental, Mexican, Japanese, Indian, French, Spanish all you can find within your reach. Brisa Marina, El Diabo, Chu-Lin 1V are quite popular among them. El Diabo restaurant where you can see your food is being cooked in hot lava oven.

By Md. Foisal Miah Talukdar