Wednesday, October 08, 2008

If on a Budget in Moldova...

...don't eat at restaurants that advertise "American" cuisine. For lunch, three of us ate a normal lunch at such a place for 460 lei, or about $46. I left hungry. For dinner, three of us ate very well at a local place close to our apartment for 200 lei, or about $20. We had food left over.

In general, I'm surprised at how much prices are rising here. My favorite Moldovan meal at one of our favorite restaurants was about $6 in 2005 and now it is $9.50. I think last year it was about $8.50. The dollar here has lost value, so that contributes to some of it. But it is mainly due to the high inflation.

If we keep eating so well, and if the stock market doesn't recover, we might not have enough money to get back to America! (Just kidding, Mom.)

1 Comments:

Blogger JTapp said...

Most recent article I could find indicates the money supply is growing at about a 50% annual rate there. But, the Leu had been appreciating steadily against the dollar until the past week or so. Dollar has appreciated due to the crisis as everyone in the world is buying T-bills.

Hope y'all are enjoying it there.

10/09/2008 4:10 AM  

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