The dollar shakes Iraq and the world.. facts about the strongest hard currency عملة

[size=52]The dollar shakes Iraq and the world.. facts about the strongest hard currency عملة[/size]

[size=45]“ Rise… Decrease… Burn the market”, easy-to-pronounce vocabulary that has a great effect in Iraq, and is related to the effect of the dollar exchange rate in the markets, and as soon as Iraqis receive it, their heartbeat accelerates as it directly affects their living situation .[/size]
[size=45]The rise in the exchange rate of the dollar left a clear scar in Iraq that was evident in the devaluation of the dinar by more than 20% and the decline in purchasing power significantly, which generated a clear stagnation in the markets, so what are the consequences of that and what is the secret of the dollar’s ​​strength that reaches the point of causing vibrating countries?[/size]
[size=45]'wrong decisions'[/size]
[size=45]Member of the Parliamentary Economy Committee, Representative Nada Shaker, says that “the dollar is a global currency supported by the economy of the United States of America, especially since oil prices have become dependent on it and traded in most global markets,” stressing that “the dollar’s ​​influence in most towns comes from special political dimensions, as in the Iraqi case. “.[/size]
[size=45]Shaker believes, “The liberation from the dollar takes place through those who control the financial policy and determine its compass, but the presence of corrupt personalities and the ability of the US Treasury to track their money and accurately identify it is an additional pressure factor.”[/size]
[size=45]Shaker stressed "the importance of maintaining the strength of the Iraqi dinar in light of wrong decisions that pushed its value down against the dollar in the past months."[/size]
[size=45]The secret of strength[/size]
[size=45]Economist Abdul Rahman Al-Mashhadani says, “The stole of the dollar’s ​​strength comes as a global currency, and it constitutes 70% of countries’ financial reserves and their foreign trade, while the euro constitutes 18% and the rest of the currencies 12%,” noting that “the transition to any currency other than the dollar is not available in most The markets, in addition to the dollar, have become a cover for selling oil since 1974, and any country that harasss the dollar and goes to deal with another currency will be destined to fall, and the examples are many.”[/size]
[size=45]Al-Mashhadani explains, “After 1958, Iraq moved from the sterling group to the dollar group, and the country’s economic relations are based on the dollar, and even the central bank’s financial reserve is also in dollars.[/size]
[size=45]deep value[/size]
[size=45]There are 185 currencies around the world however, most of these currencies are used within the countries that issue them, the global acceptance of these currencies depends on the economic condition of the country, and since the United States is the largest economy in the world, this is the reason why the dollar is accepted all over the world .[/size]
[size=45]Today 80% of global trade is done in dollars, about 39% of global loans are made in US dollars and 65% of the dollar supply is used outside the US, and most trading countries in the world accept payment only in dollars, that's why banks and foreign countries need dollars To participate in international trade .[/size]
[size=45]There are currently 189 members of the International Monetary Fund, and according to the rule of the International Monetary Fund, each member country is required to deposit a certain percentage of its quota in US dollars, which ultimately increases the demand for dollars at the international level .[/size]
[size=45]The foreign exchange reserves of the central banks around the world also account for 64% of the US dollars, if two non-US countries also trade with each other, they prefer to take US dollars in repayment because they know that if they have dollars in their hands, they can import goods from any another country at any time .[/size]
[size=45]The value of the US dollar does not fluctuate very often, which is why every country in the world accepts the dollar without any hesitation .[/size]
[size=45]America is the largest economy in the world, whereby many of the poorest countries lend in US dollars and receive payment in the same currency and for this reason there is a demand for dollars in the international market throughout the year  .[/size]
[size=45]The United States contributes the largest amount to the treasures of the World Bank Group and the International Monetary Fund and that is why the United States regulates the work of these institutions, so these two global institutions lend money to their members in US dollars, which increases the confidence of the lenders in the US dollars .[/size]
[size=45]historically the dollar[/size]
[size=45]The US dollar is the official currency in the United States of America and is equal to one hundred cents, and is denoted by the symbol  USD  or $.[/size]
[size=45]The global currency is covered with its value in gold to give it reliability, and the US dollar must be covered in its value in gold, but no one can actually prove this. Globally in dollars, the price of gold (an ounce of gold) is determined according to the stock exchange price and is valued in dollars .[/size]
[size=45]And the United States of America lifted the gold cover on the dollar in 1973, when the President of the Republic of France, Charles de Gaulle, demanded that the US dollars available at the French Central Bank be replaced by the equivalent of gold, and since 1973 the real value of the US dollar has decreased by about 40 times.[/size]
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