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The Army & Air Force Exchange Service (AAFES, also referred to as The Exchange and post exchange/PX or base exchange/BX) provides goods and services at U.S. Army, Air Force, and Space Force installations worldwide, operating department stores, convenience stores, restaurants, military clothing stores, theaters and more nationwide and in more than 30 countries and four U.S. territories.
For soldiers, the benefits are straightforward, but for the government the benefits are much more extensive. Transporting U.S. currency overseas costs the military hundreds of thousands of dollars annually – during the Iraq War, for every $1,000,000 sent to pay soldiers in Iraq, it cost $60,000 in security, logistics, and support fees. [6]
DeCA Headquarters in Fort Gregg-Adams, Virginia. The commissary benefit is not a recent innovation. Sales of goods from commissary department storehouses to military personnel began in 1825, when U.S. Army officers at specified posts could make purchases at cost for their personal use; by 1841, officers could also purchase items for members of their immediate families.
An exchange is a type of retail store found on United States military installations worldwide. Once similar to trading posts , today they resemble modern department stores or strip malls . The terminology varies by armed service; some examples include base exchange ( BX ), and post exchange ( PX ), and there are more specific terms for subtypes ...
The bottom line. Military members can benefit from interest rate caps and waived fees thanks to the protections in place by the SCRA. This makes it easier to fit high-value rewards credit cards ...
The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.
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