Sunday, January 31, 2016

Allowance, foreign-service style

One thing that gets tricky for a foreign service family living in a country with a volatile currency is the subject of allowance. In the 18 months or so we've been at post, the local current had devalued 100% (meaning if it took 100 tenge to make a dollar when we arrived, it now takes 200 tenge). We probably should have denominated their allowances in dollars from the start, but tenge is the currency in which they can spend their money, and when you live overseas you want to live in the local currency as much as possible - converting every transaction in your head to dollars is exhausting and is one more thing that prevents you from actually living where you live (unless of course your country uses dollars; some do.)

So we finally caved. The kids are now allowanced in dollars, received at whatever the exchange rate is on payday.

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