MilitiaMan "Interesting Data on the AMF" 3-13-2022
KTFA:
MilitiaMan: Interesting Data set on the currency values per the AMF..(Arab Monetary Fund) . ~ MM
At some point Iraq may be in the AMF basket of currencies, as they will be a key player in the MENA region. If you notice the strength or the Arab Unit... Then look at the AMFs way of calculating the exchange rate.. It shows me that there is a strong probability that the IQD will be strong in pricing going forward.
The fact they have massive oil deposits, massive Sulphur deposits, massive of revenues to come from customs, fees, taxes, tariffs, tourism, etc., will support the valuation the IQD far better today, then the past 10-15 years.
The automation for the E-Government, the automation of the Borders, the E-Banking, E payments, E-Settlements will all play a part in the process.
The BUNA platform and others will be instrumental in the process going forward. So lets see what the next few days bring us. We know that there is federal court tomorrow with the CBI and Finance Minister on the heals of the possible GOI break through post elections.
We shall see, but, at this stage with all the convergences going on, we may not sleep well tonight.. lol ~ MM
ARAB ACCOUNTING DINAR EXCHANGE RATES
The Arab Accounting Dinar (AAD) is the official and reporting currency of the Arab Monetary Fund. Its exchange rates are fixed by the Arab Monetary Fund (AMF) equivalent to three units of Special Drawing Rights (SDR) as determined by the International Monetary Fund (IMF).
RELEVANT CURRENCY EXCHANGE RATES AGAINST THE ARITHMETIC ARAB DINAR
The Arab Arithmetic Dinar is the base currency of the Arab Monetary Fund. Equivalent to three of the special drawing rights unit (SDR) specified by the International Monetary Fund.
Relevant currency exchange rates against the Arab Arithmetic Dinar as on March 10, 2022
the currency
Arab currency unit
American dollar 4.15785
euro 3.76599
pound 3.15969
JPY 482.121
CNY 26.3144
SR 15.5919
Bahraini dinar 1.56335
Qatari Ryal 15.1346
AED 15.2697
Omani Rial 1.59869
Kuwaiti Dinar 1.26191
Tunisian dinar not available
Algerian Dinar 591.993