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Showing results for tags 'exchange rates.'.
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Here's two articles of Dinarian interests... -Citizens & The Exchange Rate. -Reducing Inflation & Growing The Economy. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Citizens & The Exchange Rate. ARTICLE: In economics, the external value of a currency lies in the presence of a balance or surplus in the current account of the balance of payments relative to the gross domestic product, which should indicate a stable state at a minimum, not less than 4 percent annually. To achieve this goal, it is necessary to rely on a sustainable increase in the annual growth rate of the gross domestic product, provided that exports exceed imports, within the country’s trade balance. In the past, the country had the capacity to export goods & services more than it imported, which strengthened the value of the national currency, especially the external value of the currency itself, during those years, especially in the early seventies & the economy indicated a positive state, in addition to the availability of foreign reserves that support the main barrier against potential external factors & their effects on the overall economic situation. In the current economic system, currency prices are determined globally in two main ways, namely floating & fixed prices & through local & international factors that control the strength of the currency in supply & demand, interest rates, inflation & growth in the local economy, the trade balance & other influences, but the strength of the national currency is linked to its external value, specifically the ER, as the external value of money is directly linked to the stability of the current account of the balance of payments, especially in the long term, in addition to the stability of foreign reserves in the CBI of the country, which strengthens the strength of the Iraqi Dinar & the stability of the ER. On the other hand, the value & stability of the currency are linked to the internal value of the national currency itself. Just as we talk about the stability of the external value of the currency in the ER & its exchange power with other currencies, the internal value of the currency is the other side of the stability. Currency & its strength, here the value of the national currency is directly linked to the general price level, which means the strength of goods & services expressed in money. There is a correlation between price stability & the value of the national currency & this requires the availability of a wise monetary policy, undertaken by central banks that make the growth in the money supply commensurate with the growth in the gross domestic product or national income. The quantitative theory of money is based on the principle of the neutrality of money, which explains that the cause of inflation in the long term is money itself, as the growth in the money supply in a way that is not commensurate with the growth in the gross domestic product leads to either inflation or contraction in the growth of the general price level, if the amount of money in the economy increases & unless there is a parallel increase in economic output, this will lead to an increase in the general price level & a loss of control over ER, even if the state sets the ER in a way that is different from what is sold in the market. The best evidence of this is that the ER in most Iraqi markets is still fluctuating between 149-150 thousand Iraqi Dinars for every 100 US Dollars, while the government ER is 132 thousand Iraqi Dinars for every 100 Dollars. American, but it did not bring any significant benefit to the citizen, but rather only speculators, brokers, traders & some companies profited from the price difference. Clare: Reducing Inflation & Growing The Economy. Article: “PM’s Advisor: CBI Decisions Contribute To Reducing Inflation Rates In The Country.” Quote: “The financial advisor to the PM, Mazhar Mohammed Saleh, explained that the decisions of the CBI contribute to reducing inflation rates in the country & pointed out that economic growth contributes to strengthening the value of the local currency.“
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Here's an article of Dinarian interests... Guru claims we will be offered different ER depending on where we exchange. No. We will all get the very same official exchange rate. What will be different are the spread rates or the fees to exchange. IMHO. Treat as a rumor. Not verified. Your opine. MarkZ via PDK: Different Exchange Rates? Question: I heard that the rate at banks would be different from those at redemption centers. Is this true? MarkZ: That is what we have been told. That the rates will be higher at redeeming banks/centers than if you just walked in off the streets. Question: Where are those redeeming banks? MarkZ: They will be all over. They could be right down the street from you. They are not going to give us redemption center locations until it is time to set appointments. For security reasons. It is a well guarded secret for now. Comment: I have seen photos of banks getting ready. MarkZ: IMO they are clearly gearing up.
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Find the dollar exchange rates in the local markets for today Economie 2020-07-18 | 04:27 12,964 views The dollar exchange rates stabilized on the Al-Kifah Stock Exchange and local markets, Saturday, (July 18, 2020). The prices of the Kifah Stock Exchange - Baghdad recorded 123,450 dinars per 100 dollars. Buying and selling prices in banking shops: the selling price of the dollar = 124.000 dinars per 100 dollars. The purchase price of the dollar = 123,000 dinars per 100 dollars. -
Luigi found this article of Dinarian interests... If this is any indication of the initial RV rate out the gate... then we can expect .01 to .02 cents to the IQD. It's a start. Go RV. Treat as a rumor. Not varafied. Your opine. 8-30-2019 Intel Guru Frank Article "Issuing a package of decision related to the entry and exit of funds across the Iraqi borders" ...today [Wednesday] the CBI came out and said...for now on anything less than $10,000 American dollars can enter Iraq and it can leave Iraq...$10,000 to $20,000 American dollars requires documentation...anything more than 1 million IQD coming in or out of Iraq is not allowed...Is 1 million IQD equal to $20,000 American Dollars?...Is this the initial exchange rate?...that was an interesting article.
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Luigi says... Could Saleh be prepping or educating the Iraqi people of new changes in foreign exchange rates? Not verified. Your opine. 12-11-2017 Newshound Guru MilitiaMan Article: "Saleh: There are question marks on mechanisms to convert foreign currency to Iraq" When Saleh talks about the safest way to secure payment methods at this juncture in time, is serious information. The documentary credit [reference post 2] is looking to be the way he is going to protect that long line. It is an assurance that the importer has complied with standards that are acceptable for international trade. This is setting the stage for what is expected and that is a level playing field in an international setting that requires transparency and a stable currency at a stable price. Bye bye program rate! imo~ Chapter 7 was lifted on the 8th of December from the article I read.. Imo That was a go time! wink wink wink The twins were born..
