Wednesday, August 3, 2011

Myanmar Currency - Kyats


An exchange rate between two countries is back to back connection with the values of the countries' currencies. One country's currency is controlled by its monetary policy.
Monetary policy is a managing process to supervise the supply of money, the availability of money, and the cost of money or the rate of interest to attain a set of objectives oriented towards the growth and stability of the economy. In monetary policy, expansionary policy is traditionally used to try to combat unemployment in a recession by lowering interest rates in the hope that easy credit will entice businesses into expanding. Contractionary policy is intended to slow inflation in hopes of avoiding the resulting distortions and deterioration of asset values.
For many centuries there were only two forms of monetary policy: (i) Decisions about coinage; (ii) Decisions to print paper money to create credit.
In general, the central banks in many developing countries have poor records in managing monetary policy. This is often because the monetary authority in a developing country is not independent of government, so good monetary policy takes a backseat to the political desires of the government or is used to pursue other non-monetary goals. For this and other reasons, developing countries that want to establish credible monetary policy may institute a currency board or adopt dollarization.
Since 1852 in Burma (Myanmar), the silver coin with the royal peacock seal was introduced as the first coin. And then the denominations were gradually changed from coinage to paper money. Starting from 1953 until now, "kyat" was denominated as Myanmar currency.
Reviewing on Myanmar currency, it is worthless in comparison to the other countries' currency. Why? Because of two principal reasons.
Under a system of fiat fixed rates, the local government or monetary authority declares a fixed exchange rate but does not actively buy or sell currency to maintain the rate. Instead, the rate is enforced by non-convertibility measures (e.g. capital controls, import/export licenses, etc.). In this case there is a black market exchange rate where the currency trades at its market/unofficial rate.
Under dollarization, foreign currency (usually the US dollar) is used freely as the medium of exchange either exclusively or in parallel with local currency. This outcome can come about because the local population has lost all faith in the local currency, or it may also be a policy of the government (usually to rein in inflation and import credible monetary policy).

We can’t get a Grip without a Kiss


We feel about kiss since we were young. In our childhoods, we are famished to get kiss from our beloved persons such as grandparents, parents, brothers, sisters, relatives, our close friends and the others. Why? We could directly touch their love, affection and passion seeping their kisses. These kisses made us to be strong, brave and safe. The more a lot of kisses we received, the more we wanted to get some more kisses. As for me, I liked to procure kisses from my beloved persons rather than I kiss them.
When we were teenagers, first kiss was a great award for guys and a wonderful period for girls. It made us to become two into one to make our first steps with full of love. It made us to get more strength and energy to face and solve the problems and difficulties holding hands in hands with the aim of forming a happy and peaceful family life. How firm our hands were and how we loved each other in the past, we could not foresee what will happen in our near future. That is why we are still viewing heartbroken men here and there however they all had so many pleasant days in life spending together with their beloved. Every heartbroken man always says that "Time is the best physician to cure a love sicker". I think that these words may be true for taking enough time periods to forget an old lover. But they can fall in love again with the other one when they recover from love sickness. Why? All powerful loves are based on "Kiss".
Kiss is a universal sign showing sentiments of love, passion, affection, respect, greeting, friendship, and good luck, among all ages. Depending on the culture, relationship and context, a person may kiss another on their lips, cheek, head, hand and each of these gestures may carry a different social significance. We kiss each other with special meanings such as – Kiss on the Forehead = I hope we're together forever, Kiss on the Ear = You're my everything, Kiss on the Cheek = You look so cute, Kiss on the Hand = I adore you, Kiss on the Neck = We belong to each other, Kiss on the Shoulder = I want you, Kiss on the Lips = I love you.
"The Kiss" painting is really romantic and attractive to the audience especially their hearts to be melt in love while gazing a couple's kiss inside it. The guy is kissing his beloved tenderly and generously. His kiss is so special for his sweetheart not only with his deepest love, affection and passion but also with his care and respect in love. How he values his dear! The girl is also peacefully accepting her lover's kiss. This love scene can draw full pay attention to an indecent man who never ever knows about love. Therefore, no one can touch love without a kiss to get a grip.

The Potato Eaters


Vincent Van Gogh painted "The Potato Eaters" in 1885. This painting is one of his famous paintings in the world.
The painting is about a family dinner. There is a small dining room. An oil lamp is lighted in it. And a family is taking dinner together. It is an ordinary scene but the creative features painted in it are the reflections of their lives.
This painting is saturated with morose and silent characters. The mixed emotions residing in their faces are interpreting about the poverty of a family.
The poverty in a family is the state of being unable to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. Those living in poverty suffer lower life expectancy, disproportionately from hunger or even starvation and disease. The effects of poverty create a poverty cycle running across multiple levels, individual, local, national and global.
Fundamentally, poverty is a denial of choices and opportunities, a violation of human dignity. It means lack of basic capacity to participate effectively in society. It means not having enough to feed and clothe a family, not having a school or clinic to go to; not having the land on which to grow one’s food or a job to earn one’s living, not having access to credit. It means insecurity, powerlessness and exclusion of individuals, households and communities. It means susceptibility to violence, and it often implies living in marginal or fragile environments, without access to clean water or sanitation. — United Nations
Various poverty reduction strategies are based on whether they make more of the basic human needs available or increase the disposable income needed to purchase those needs. Some basic needs, such as improving access to education, may also help increase income.
The key message I got from this painting is that poverty is considered a necessary or desirable condition, which be embraced to reach certain spiritual, moral, or intellectual states. Furthermore, poverty is often understood to be an essential element of renunciation in our Buddhist religion.