"RV UPDATE" BY SANDY INGRAM, 20 JAN

 Sandy Ingram  

So far the conflicts in the Middle East have not affected the Iraqi dinar exchange rate.  Iraq continues to increase its GDP and create more streams of income outside of the oil industry.  These are the recommendations of the IMF to create economic stability.

 There are 4 major reasons Kuwait, Iraq's next-door neighbor has the strongest currency in the world...Kuwait dinar is $3.36... 1.  Major exporter of oil.  Kuwait is estimated to hold 10% of the world's oil reserves.  The tiny country has a population of 4.3 million people vs Iraq who has approximately 43 million people and a lot more oil than Kuwait.  2.  Kuwait has an excellent reinvestment of oil revenue.  Kuwait uses its oil revenue to build infrastructure and develop microeconomic sectors to increase its GDP.

What will it take for the Iraqi dinar to strengthen against the US dollar?  

Imagine a country as a business.  The Gross Domestic Product (GDP) is essentially its annual report showcasing the value of all goods and services produced.

  A high GDP indicates a booming economy...The currency rate on the other hand is a bit like a company's share price.  It's the global market's way of saying how much it thinks that...country is worth.

 The stronger the currency, the more confidence the world has in the country's economic stability and growth potential.   How does a GDP affect a country's currency rate?  

Simply, a higher GDP signals a stronger, productive economy.  This attracts foreign investors, who need to buy the country's currency to invest.  This surge in demand for the currency increases its value, or 'rate'...A rise in Iraq's GDP implies a healthier economy and a potential increase in the dinars value.   

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-sandy-ingram-7-jan.html

 What would it take for the Iraqi dinar to strengthen against the US dollar?  The answer lies in economic development and stability.  The Development road project...aims to boost Iraq's GDP by improving infrastructure, fostering foreign investment and stimulating economic growth... With the right steps and sustained growth the dinar's narrative can only get stronger.

 The Iraqi dinar is not on the Forex market, yet.  The Iraqi dinar is an exotic currency, as is the Vietnam dong... Currencies are traded in pairs on the Forex Market.  The 3 main types... majors, minors and exotics...The more liquid an asset the easier and more efficient it is to turn it back into cash.  Major currency pairs have the highest trading volume... Exotic currencies...are not traded that often.  There is little technical analysis or data available to support trading decisions for exotic currencies.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-sandy-ingram-6-jan.html