The Governor of the Central Bank, Ali Al-Alaq, stressed today, Wednesday, the importance of cooperation in terms of exchanging expertise and the process of transferring money to facilitate trade between Iraq and Azerbaijan.
The Central Bank’s media stated, in a statement received by “Al-Eqtisad News”, that “Al-Alaq received the Azerbaijani Ambassador to Iraq, Nasir Mammadov, and during the meeting, they discussed cooperation relations between Iraq and Azerbaijan and the means to develop them to include various economic fields.”
The governor stressed “the necessity of improving the nature of bilateral relations and expanding the horizons of cooperation in the banking sector for the two countries, in addition to its positive impact on the economic, tourism and investment sectors,” pointing out “the importance of cooperation at the level of exchanging expertise and the process of transferring money to facilitate trade between the two countries.”
(Mnt Goat: When Azerbaijan gained independence from the Soviet Union, it substituted the Soviet ruble with the manat, which also went through a period of high inflation in the first years, rendering the coinage obsolete. The current manat in circulation exists since the redenomination in 2006, when old manats (AZM) were substituted with lower face values and new design. The currency has mostly been pegged to the US dollar, at what is now the rate of ₼1.70 to US$1. Today 1 AZM = 0.59 USD. My point in explaining all this to you from the article is this: First, do you see how the country of Azerbaijan’s currency evolved over time? Yes, they too went through a redenomination from hyper inflation due to politics. Second, do you see how it took time for the AZN rate to settle down and to be what it is today.
What are the common elements compared to the Iraqi dinar?
1. Issuing the lower denominations.
2. Through a period of higher inflation once changed over to the manat 3.Needed a new face and design on the when it gained its independence.
Do you see commonality here to what happened in Iraq?
If someone played their cards right in the past someone could have made millions. So this stuff happens in the currency market all the time only you have to follow the politics along with the economics of the country, to see it. My advice is PAY ATTENTION yourself. Get it? Don’t be funneled by some idiot intel guru or anyone else. Learn how to do you own research. This is why I keep telling you that you can’t separate politics from economics.
Oh… but this guy TNT Tony and others entirely missed the boat on this one didn’t they? They missed it because someone in the background is distracting them from paying attention to these other currencies. Get it? They are playing mind games with you investors. They are funneling you to only a small group of currencies. His band of followers just follow along…. Yes, they created this concept of a global reset and the reset is happening right in front of their noses only they can’t see it because they dwell so much on the dinar and a hinge pin and wait for it, meanwhile all these other currencies have also been revalued and just passed you by )
