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The adoption of local currencies in commercial relations


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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 

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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."

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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 

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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

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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. 😉

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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.

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