Job Discussion Forums

Sashadroogie · Posted: Mon Apr 06, 2015 6:32 am Post subject:

All fairly gloomy there, Maruss : )

The basic EFLer's lot isn't so bad, even with devaluation. Nothing as stark as you've described for people in other sectors. I mean, I still have my PA, and have kept my euro value at the same level. Fewer trips abroad though... But plenty to see and do internally.

maruss · Joined: 18 Mar 2003 Posts: 1145 Location: Cyprus

This seems to be the best route Sasha for the forseeable future?There has been talk of foreign countries such as Egypt and Turkey accepting roubles to avoid losing Russian tourists but Cyprus is not one of them as its in the Euro zone...they are asking for 100 to the euro at exchange places here!!
I know one long-time expat teacher who lost mega money by keeping his savings in the bank in roubles there,but like he said,who was to know what would happen?

EFL Educator · Joined: 17 Jul 2013 Posts: 988 Location: Cape Town

Losing money on the currency exchange through rapid currency value depreciaition is nothing new...it is all part of the New World Economic Order...need I say more..okay currency wars!!!!

nfig77 · Posted: Tue Apr 07, 2015 2:36 pm Post subject:

снеговик · Joined: 01 Apr 2015 Posts: 28

The ruble is going up, is it not?

Let's see...

Deats · Joined: 02 Jan 2015 Posts: 503

Anyone wise enough to have followed my advice and stuck their roubles into high interest accounts (36% over 2 years) will literally be laughing all the way to the bank.

When oil prices rise and sanctions are lifted the rouble will fall back to 40 to the dollar.

Anyone who converted their roubles to foreign currency must be kicking themselves right about now.

I guarantee some 'in the know' will have made sums of money that you simply can't imagine from this spike and fall in the rouble. It happened in Cyprus that all the millionaire Russians got their money out before banks took it. The same will have happened here. The gvnt will have told the oligarchs to get their money into USD. The rouble collapsed and the oligarchs bought their roubles back. They will have tripled their money in many cases.

I will be interested to see if the greedy EFL teachers will happily pay back the money they were demanding from their schools...

EFL Educator · Joined: 17 Jul 2013 Posts: 988 Location: Cape Town

A crash course is currency speculation might help EFL teachers in the future NOT lose their hard earned savings as today overseas currencies are linked to ultra capitalistic market forces in the developed world aka New World Economic Order! Shocked

Phillip Schofield · Posted: Thu Apr 09, 2015 7:41 pm Post subject:

kirby42 · Joined: 14 Nov 2014 Posts: 55

Just read through this whole thread and it all seems a bit gloomy.

I'm heading to Russia this summer to teach. It'll be my first 'real' teaching gig. Hope I can do a good job. Excited is an understatement! Very Happy

Sashadroogie · Posted: Fri Apr 24, 2015 4:12 am Post subject:

Don't let the gloomy threads bring you down. A lot of the negativity is vastly exaggerated. Especially by posts that claim to have some sort of economic analysis of the Russian economy.

So best of luck to you in Russia!

(BTW, coming in summer to teach? Unusual time. Can I ask what sort of job?)

EFL Educator · Joined: 17 Jul 2013 Posts: 988 Location: Cape Town

Being realistic is not being gloomy......expect the New World Economic Order@ aka ultra neo capitalism to make your roubles worth less and less day by day in Russia as an EFL teacher....and realistically classify yourself as the teaching poor! Shocked

Sashadroogie · Posted: Tue Apr 28, 2015 10:57 am Post subject:

Like I said, posts that make claims, such as the above, are all doom and gloom. But are based on nothing even vaguely rational, and so can be great for a laugh...

Gamajorba · Joined: 03 May 2015 Posts: 357

Some interesting remarks made here about teaching in Moscow.

Whilst I agree teachers could argue to raise their prices to cover their costs, the increased costs for general living for the locals is also something to seriously consider. I know of at least 1 guy from Birmingham UK who left recently because of the terrible ruble rate as well as not getting paid on time, so with all the natives leaving, it does make the natives more valuable.

However, there must be some compromise - you have to make yourself affordable in any way possible without looking like a sell out, and without overcharging people completely.

Personally, I'm DYING to get to Moscow, and I'm even prepared to get my own visa to get there. Although it helps I have my partner there AND a very very VERY cheap place to live. Remember - Russians will do anything for you if they respect you!

OK so Moscow isn't the saving haven that the Middle East is (where I am now), but it sure is a good experience. If anything, NOW is the time to get jobs there!

expatella_girl · Posted: Tue May 05, 2015 11:30 am Post subject:

Brunouno · Joined: 18 Apr 2013 Posts: 129