What is the difference between Middle Eastern currencies (Middle Eastern currency exchange rate)
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What is the Middle East currency called? According to the International Financial News, there are many Cryptocurrency called Stablecoin in the Middle East. One of them is the crypto asset known as the Arab Grenadines in the Sharia, whose value is linked to the currencies of other countries such as the US dollar, the euro or the pound, and has increased more than 10 times in the past year; The other is that the exchange rate of Saudi Aramco (Turkish language: Syedia) and Pakistan’s petrodollar IFP fell by about 200% and 4100% respectively
These currencies are Fiat money in digital form, also known as “Hard currency”. They are supported by the Iranian government and mine with hash algorithm to maintain market order. However, due to legal regulations in some countries, they cannot issue such tokens. Therefore, this statement is not accurate
Middle Eastern Currency Exchange Rate
According to CCTV News, the exchange rate of Middle Eastern currencies against the US dollar was 10:1 last Tuesday. According to analysis, the current market expectation for Venezuelan bolívar is 1 to 2, that is, the oil price has risen by more than 10%, but then rebounded to around 1 to 4. At the same time, during the period of global economic turmoil and international balance of payments tension, we are also facing the problem of increasing inflationary pressure Mohammad El Hashid, Chief Strategic Officer of Al Monitor, a foreign exchange trading platform, said, “Due to the recent deterioration of the situation in Iran and the economic impact caused by the US Iran conflict, we must maintain low interest rates.
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