Sunday, 28 October 2012

Value of Money


What is the rupee worth?  My bank says it’s a little less than a penny.  Seven years ago the rupee from the dollar was a little better for Indians; now it is a little better for me, although things cost more rupees than they did on my first visit.
What is the rupee actually worth?  To those who have drivers and air-conditioning, it is pennies.  To those who have not, it is more.  Street performers and corner solicitors in America would scoff at a couple of pennies thrown their way.  Lepers and beggars in India only ever expect a couple of rupees.
How do you convert the gap between those who find this coin to be worthless and those who use it to count their daily wage into the gap that exists in the land of the dollar?  The bank doesn’t do those conversions.

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