ARIEL
To Float Or Not To Float
If Iraq decides to come out with a fixed exchange rate of 3.00 (assuming you mean 3.00 Iraqi Dinars per 1 US Dollar), it would mean that the central bank commits to maintaining this exchange rate by actively buying or selling its currency in the forex market. This can provide stability and predictability for international trade and investment, but it also requires the central bank to have sufficient foreign currency reserves to defend the fixed rate. This is exciting. Because if they come out with a fixed rate we do not have to wait for them to gradually increase the value where we would initially have to go to the bank and exchange a little of our Dinar just to pay bills while we sit on the rest of it waiting for it to get to 3 dollars. So if they stick to this plan you all will wake up with a strong rate where you can exchange all of your IQD at the fixed price.The Forex Market, Ariel
- The Zim 2008-2009 printed Trillions [and Billion] Series aren’t FIAT money, they’re “Promissory Notes”.
- Each and every note says “Promise to pay the bearer on demand” [as seen above]. Therefore it is illegal in every country per UCC Law [Uniform Commercial Code] not to honor.”
- This means once Zimbabwe reinstate their new currency on the Forex Market, you will be able to redeem them at the new value.
- Same for Iraqi Dinar.
- Same for Vietnamese Dong.
- You cannot do anything with either currency until they are officially on the Forex.
- What country just announced they are ready to intervene into the Forex? Vietnam.
- What country also announced they are preparing to reintegration back on the Forex Market? Zimbabwe.
- This is where the rubber meets the road for all of us. So please understand this basic point of this entire process. Any demonitized paper currency in their country is to pave the way for new redesigned currency with better security features and a new modern application for new value added for the citizens in that particular country.
- Participating in the global forex market would allow for increased liquidity of the Zimbabwean dollar, making it easier for individuals and businesses to buy and sell the currency.
- A gold-backed currency could help stabilize the value of the Zimbabwean dollar, especially if the country maintains sufficient gold reserves and manages its monetary policy effectively. This stability could be further enhanced by participation in the forex market.
- A more stable and globally traded currency could make Zimbabwe a more attractive destination for foreign investment, which could help stimulate economic growth and development.
- Rejoining the forex market would make it easier for Zimbabwean businesses to engage in international trade, as they would have access to a more widely accepted currency for transactions.
- Participating in the global forex market would require Zimbabwe to adhere to international standards and best practices, which could help improve transparency and accountability in the country’s financial system.
- By having a presence in the forex market, Zimbabwe could potentially gain better access to global financial markets, making it easier to borrow funds and access other financial resources.
- This goes for all countries rejoining the foreign exchange markets with new gold backed currency. https://twitter.com/prolotario1/status/1785684677979775130?s=5
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