Popular Post DWS112 Posted January 5, 2021 Popular Post Report Share Posted January 5, 2021 The adoption of local currencies in commercial relations Jan 5, 2021 A member of the Businessmen Union called on Ahmed to proceed to adopt local currencies in foreign commercial dealings. "The completion of commercial operations with regional countries and beyond is an important matter that facilitates the flow of commercial performance, and it is approved among many countries of the world," he said, noting that 👉 "adopting this type of international trade at the present time is important." Cross trade He pointed out that "there are international agreements that regulate this type of cross-border trade because of the benefits it brings to the various economies of the world, and among the countries that adopt this type of trade Malaysia with its neighboring countries and other countries." It is noteworthy that China adopts many foreign projects, especially the Japanese, using the local Chinese currency (the yuan) as a means to settle urgent payments and obligations, and these settlements are less vulnerable to the fluctuations of the process in foreign exchange rates and to avoid the difference margins required by the transfer process through the dollar. Economic blocks Muklef emphasized that the volume of trade exchange with neighboring countries and global economic blocs is very large, and it needs greater organization for the cross-border trade process, as Iraq needs many products to cover local demand, which makes it imperative that it go to international markets to cover the requirements of its local market. 11 2 8 Quote Link to comment Share on other sites More sharing options...
Popular Post Spartakus Posted January 5, 2021 Popular Post Report Share Posted January 5, 2021 Iraq would need an internationally recognized currency to do what the article is calling for. 5 1 12 1 Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted January 5, 2021 Report Share Posted January 5, 2021 34 minutes ago, Spartakus said: Iraq would need an internationally recognized currency to do what the article is calling for. Absolutely also they have to be article viii . Probably even Businessmen in iraq they don't that 1 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 5, 2021 Report Share Posted January 5, 2021 I do like the sound of this. 7 1 Quote Link to comment Share on other sites More sharing options...
southbeach Posted January 5, 2021 Report Share Posted January 5, 2021 ....wait for it 3 3 Quote Link to comment Share on other sites More sharing options...
dinarbeleiver Posted January 6, 2021 Report Share Posted January 6, 2021 They are possibly about to de peg from the dollar and go to a basket of currency’s 3 1 3 3 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 6, 2021 Report Share Posted January 6, 2021 13 minutes ago, dinarbeleiver said: They are possibly about to de peg from the dollar and go to a basket of currency’s Hmmm maybe Quote Link to comment Share on other sites More sharing options...
alreis Posted January 6, 2021 Report Share Posted January 6, 2021 I will gladly trade my dinars for XRP and spend it internationally 1 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 6, 2021 Report Share Posted January 6, 2021 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 6, 2021 Report Share Posted January 6, 2021 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 6, 2021 Report Share Posted January 6, 2021 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 6, 2021 Report Share Posted January 6, 2021 2 1 Quote Link to comment Share on other sites More sharing options...
Carrello Posted January 6, 2021 Report Share Posted January 6, 2021 6 hours ago, dinarbeleiver said: They are possibly about to de peg from the dollar and go to a basket of currency’s FYI - Being pegged to another currency means you are in a basket of currencies. " What Is a Currency Peg? A currency peg is a policy in which a national government sets a specific fixed exchange rate for its currency with a foreign currency or a basket of currencies. Pegging a currency stabilizes the exchange rate between countries. Doing so provides long-term predictability of exchange rates for business planning. However, a currency peg can be challenging to maintain and distort markets if it is too far removed from the natural market price." 1 3 6 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 6, 2021 Report Share Posted January 6, 2021 Sooner than later they will have to move from a closed economy to an open market economy with an international recognized currency.! Go dinar Go international Go open market economy 5 1 3 4 Quote Link to comment Share on other sites More sharing options...
nannab Posted January 6, 2021 Report Share Posted January 6, 2021 Here is to our best Year EVER!!!! Thanks LB 4 1 3 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 6, 2021 Report Share Posted January 6, 2021 54 minutes ago, nannab said: Here is to our best Year EVER!!!! Thanks LB Go 2021 Go our best year ever Go RV 2 1 4 Quote Link to comment Share on other sites More sharing options...
dinarbeleiver Posted January 6, 2021 Report Share Posted January 6, 2021 2 hours ago, Carrello said: FYI - Being pegged to another currency means you are in a basket of currencies. " What Is a Currency Peg? A currency peg is a policy in which a national government sets a specific fixed exchange rate for its currency with a foreign currency or a basket of currencies. Pegging a currency stabilizes the exchange rate between countries. Doing so provides long-term predictability of exchange rates for business planning. However, a currency peg can be challenging to maintain and distort markets if it is too far removed from the natural market price." Thank you Carrello hope your well 4 Quote Link to comment Share on other sites More sharing options...
Carrello Posted January 6, 2021 Report Share Posted January 6, 2021 28 minutes ago, dinarbeleiver said: Thank you Carrello hope your well You're welcome, and thank you. I hope you are well too. Happy New Year and wishing you a prosperous and healthy 2021. 😉 2 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 6, 2021 Report Share Posted January 6, 2021 5 hours ago, Laid Back said: Sooner than later they will have to move from a closed economy to an open market economy with an international recognized currency.! Go dinar Go international Go open market economy exactly......no windows we just wait until they do it. 6 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 6, 2021 Report Share Posted January 6, 2021 i would urge people to buy in the iraqi isx through al karmal 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 6, 2021 Report Share Posted January 6, 2021 25 minutes ago, screwball said: exactly......no windows we just wait until they do it. Exactly..... We wait.... Keep Calm and relax.... Go RV 4 7 Quote Link to comment Share on other sites More sharing options...
utah rock Posted January 7, 2021 Report Share Posted January 7, 2021 No ones watching, now would be as good a time as any! 1 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 7, 2021 Report Share Posted January 7, 2021 9 hours ago, Laid Back said: We wait.... Keep Calm and relax.... Go RV i like the way you said that. i will try to keep calm and relax, too. 1 1 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted January 7, 2021 Report Share Posted January 7, 2021 Thanks Chuck , DWS112. GM DV's onward 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.