Hard currency


Back in 1983, I visited Bulgaria. I had been advised that it was very unwise to exchange currency in the country any other way than by using the state’s official foreign exchange desks. So, as soon as I disembarked at the railway station at Sofia, I changed some of my UK Pounds into Bulgarian Leva. Even at the official exchange rate, one Pound had a more than adequate spending power.

My friend and I took  a taxi to the city centre. When we arrived, the meter , I asked the driver how much we needed to pay. He answered:

“One Deutschmark, One Dollar, One Swiss Franc, or one Pound.”

I said that I wanted to pay in Bulgarian Leva. He said:

“Two Leva”

But, I protested:

“The meter says only one Leva”

The driver turned around and said:

“Two people: two Leva”

I repeat this true tale to emphasise how little local money was valued in comparison with so-called ‘hard currency’. Also, in a few months when the UK leaves the European Union, probably without a trade deal, the Pound, which is already sinking in value, might cease to be a hard currency. Who knows, but here in the UK we might prefer to be paid not in our own currency but in one of the harder currencies such as the US Dollar or the Euro.

Olives in London

I love olives, especially the black Kalamata and Amphissa varieties. These are imported from countries which are members of the EU (European Union), which the UK is destined to leave at the end of October 2019.

It is becoming increasingly likely that the UK will leave the EU without a trade deal. If this happens, supplies of olives may become restricted for some time. Also, the falling value of the Pound Sterling will increase the cost of those olives that make their way into the UK retail market. Gloomy as this seems, there might be light at the end of the tunnel coming from a much feared source.

The UK, like the rest of the world, is affected by climate change, which includes global warming. As I write this, I am sitting in front of a fan, something we would not have considered purchasing, even in summer, 25 to 30 years ago.

A result of global warming struck me today whilst walking in Kensington Gardens. I passed a south facing tree with greyish leaves. It was an olive tree, usually planted in gardens in the UK to provide visual contrasts. However, this particular olive tree was rich in young olives ripening in the sun (see photo above).

Seeing this richly fruited olive tree gives me hope for the future. Maybe, I will be buying British olives as well as those from southern Europe (if import duties and exchange rates do not make them unaffordable).