AIRINC recently adjusted its hardship score for Hong Kong, due to the continuing political volatility and unpredictability surrounding the demonstrations, as well as the heightened tensions resulting from the protests.
Since June, Hong Kong has seen unprecedented protests, larger and more frequent than any in the country’s recent history. We have increased the hardship scoring of Hong Kong in response to the rise in political volatility.
Initial costs of renting in England became cheaper last month as the Tenant Fees Act came into effect. While a ban to tenant fees has been discussed for a few years, the current legislation wasn’t finalized and passed until February. Scotland banned letting fees in 2012, and Wales is expected to pass a similar ban this fall.
In the last two weeks, Hong Kong has seen some of the largest protests in its history as citizens and residents have taken to the streets to protest a proposed extradition bill. Demonstrations have been centered around Admiralty and the surrounding areas of Central and Wan Chai.
For many years, the expatriate rental market in Turkey has been dominated by leases signed and paid in USD or EUR. In September of this year, President Erdogan issued a decree stating that all leases in foreign currency must be converted to Turkish lira (TRY). This move was made to stem the sharp inflation that battered Turkey’s currency in 2018, resulting in a loss of over half its value at its worst point.
The Turkish lira has had a volatile year and an especially tumultuous past week. In July, the Central Bank of Turkey alarmed investors by keeping interest rates steady even as CPI annual inflation rose to double digits.
More than a hundred days have passed since the beginning of the Qatar diplomatic crisis, when fellow Gulf Cooperation Council member states Saudi Arabia, United Arab Emirates, and Bahrain, along with several other countries, cut diplomatic ties with the nation of Qatar.
These actions have the potential to impact expatriates, whether they are living in Qatar, are a Qatari citizen expelled from a blockade country or simply flying into or out of the region.
While the official exchange rate for Venezuelan Bolivares Fuertes is USD1.00=VEF10.00, the black market rate in Caracas on Friday, April 24th reached 4711.73 bolivars per USD
At the time of our survey, a kilogram of green apples was priced around 5300 VEF. With 100-bolivar notes, this purchase would require fifty-three bills.