Cologne, May 27 dpa - The U.S. dollar is undervalued against the Deutsch-mark based on how many "Big Mac" hamburger sandwiches the two currencies can purchase, said one of Germany's leading institutes.

The Institute of the German Economy (IW) in Cologne noted that the popular sandwich by the McDonald's restaurant chain is increasingly being used by economists around the world as a measure of currencies' relative purchasing power.

The institute said that currency exchange rates are often unreliable as an instrument to measure purchasing power. At the same time, "baskets" of products used to arrive at comparative purchasing power are complicated to compile.

A simple alternative, now that McDonald's has spread to virtually every country on earth, has become to look at what a Big Mac costs, the IW said.

"A particularly hungry American can buy five Big Macs for 11 dollars. If he exchanged the money into Deutsch-marks, his 18 marks in Germany can just barely obtain four Big Macs," the IW said.

Conclusion: based on the Big Mac index, the dollar is undervalued, the institute said.

Americans can get their best Big Mac buy these days in Moscow, where one sandwich costs only about 59 cents.

But Russians must "work nearly two days in order to afford this meaty capitalist achievement - longer than people in any other country", the IW said.

by Pak101.com (few years ago!) / 869 views

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Husband: Hypnotise karna kia hota he!?

Wife: Kisi ko Apne Control me kar k Apni Marzi k kaam Karwaana.

Husband: Chal jhooTi,Usay to Shaadi kehtay hain.:-) 

by hearthackervsgirls (few years ago!)

Aqal ki had

jang may pathan nay bullet proof jacket ki jaga
machar dani pahan rakhi thee ....kisi nay pocha kio
g pathan bola jis may say machar nahy guzar sakta
goli kaisy guzary ga ,,,,,,

by Tanveer Hussain (few years ago!)

A pig and a chicken were walking

A pig and a chicken were walking by a church where a gala charity event was taking place. Getting caught up in the spirit, the pig suggested to the chicken that they each make a contribution.

"Great idea!" the chicken cried.

"Let's offer them ham and eggs?"

"Not so fast," said the pig testily. "For you, that's a contribution. For me, it's a total commitment." by a church where a gala charity event was taking place. Getting caught up in the spirit, the pig suggested to the chicken that they each make a contribution.

"Great idea!" the chicken cried.

"Let's offer them ham and eggs?"

"Not so fast," said the pig testily. "For you, that's a contribution. For me, it's a total commitment."

by Tanveer Hussain (few years ago!)

Ma Bi Wohi Khow

Aik Bivi Judge Se
Mujhe ApneHusband Se Talaq Chaye Ha .

Judge Lkn Kyon ?

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by hearthackervsgirls (few years ago!)

Made in chaina

Kbi tm gaaur se dekho aaina,
to kuch hi hans k kaho ge made in chaina

by Sabir shah (few years ago!)