TOPPED BY THE KUWAITI DINAR… IRAQ IS AMONG THE STRONGEST CURRENCIES IN THE WORLD
The strength of a currency is determined based on various factors, including interest rate differences and terms of trade. What will be the strongest currencies in the world in 2024?
The Techopedia website published a classification of the world’s strongest currencies against the US dollar, and the site stressed the importance of various economic indicators and geopolitical tensions in determining the currency exchange rate.
Currency strength is the relative purchasing power of the currency compared to other currencies, and the US currency was adopted in the classification as a standard. According to the site, 3 Arab currencies topped the rankings.
Below are the 10 strongest currencies in the world (based on data from March 27, 2024):
(Really? The IQD among the strongest currencies? At $1/6 of a penny= 1 IQD while Kuwaiti is at $3.45- 3.65 = 1 KWD. Who are they trying to fool? )
The rate of the IQD is being “artificially suppressed”. They can give all the warped reasons why it is being held back but just look at the FACTS for yourself in what Iraq had prior to the 1991 invasion and what assets is has now. No comparision. What was the rate hovering around in 1991? It was $3.00- 3.22. What is it now 1/6 of a penny. So, please I am no fool!! 😊)
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
No comments:
Post a Comment