Good News Some Australian Small Businesses
There are a suprising number of small businesses here in Australia who earn the majority of their income overseas … and particularly in US Dollars. In the small town where we live there are at least five or six that we know of.
Since 2001 our income levels have been slowly eroding because of the value of the Aussie dollar compared to the US dollar and at last we have some good news. Here is a quote from something I wrote in another place.
If you’re one of the many people in Australia who live here but earn their income overseas this last week or so has brought some wonderful news.
The Aussie dollar is beginning to drop in value against the US dollar.
For those of you who don’t earn your income overseas that news is not a cause for panic - the impact on you will hardly be noticeable - but for those of us who have watched our income slide by almost 60 per cent as the Aussie dollar has continued to gain in value the news is wonderful.
You can read more here
