StephenMac63: Frank….since you call Iraq……can you tell them to stop “simulating” and start “stimulating”?
Frank26: NASA ran Simulations of landing on the Moon …………… To Land on The Moon. They did.
The CBI walks within the same Footsteps. They Are.
Aloha Dreams my Beautiful KTFA Family …….. For they are the Blueprints of Your Future …
Lavender: I believe…….Houston ?…. We have a go…. would be an awesome response right about……???
APMCRX: For information only…
The goal of simulation is to create a hands-on,competitive experience. During play, the participants learn the impact of differing currency types and fluctuating exchange rates on profits. Participants should gain an appreciation of the concept that differing currency types (pegged, basket and others) react very differently to changes
in the foreign exchange environment.
This further points out the need for careful study of a host country’s currency before doing business.
Finally, it is hoped that this simulation has provided the participant a useful experience
in price-competitive selling, and an appreciation of the added difficulties of dealing in foreign currency.
international currency fluctuations: money$im, a simulation – Journals
PDFTexas Digital Library › journals › article
Financial modelling is extensively used in all sectors of today’s business environments.
In particular, it is used as a tool in the preparation of plans, budgets and many corporate projections. Simulation modelling is not widely used in this area, although it is popular and used in other areas such as manufacturing, health services and traffic management.
This paper addresses financial modelling and, more specifically, simulation modelling in the financial arena.
The main objective of the research was to provide a support for the foreign exchange dealer in predicting future movements in foreign currency rates. Following an analysis of trend factors and technical analysis the findings of the research resulted in the construction of a simulation model, which is used in an international bank.
Now to a basic question. How do we know what a foreign exchange rate is? How much is any currency worth in terms of other currencies?
The simple answer is that a currency is worth whatever people are willing to pay for it.
This is a case of supply and demand inter- acting in a market to establish a price for currency.
If there is little quantity demanded for the country’s cur-rency, or a great quantity available for foreigners to buy, the money will be worth less on the foreign exchange market.
If there is a high quantity demanded or only a small quantity supplied, then it will be worth more on the foreign exchange market. LINK
APMCRX: Oct 29th 2017
Nusseiri calls for the involvement of the private sector in the management of the economy in the next stage
The adviser, economic and banking adviser to the Association of Iraqi Private Banks Samir Nusairi, the need to review the laws governing the economic process and involve the private sector in the management of the economy in the next phase and the formation of the Market Council.
Al-Nusairi said in an interview on the sidelines of the symposium organized by the Iraqi Business Council in partnership with the Iraqi Institute for Economic Reform entitled
“Scenarios on the economic and financial situation of Iraq for 2018,” to discuss the program of economic and financial reform for the years 2017-2019 in line with the agreement signed with the International Monetary Fund
Is basically based on the government’s view of the economic and financial reform, which was launched by the Prime Minister in 2015 and the government program with the need for radical and comprehensive change of all the negative aspects and challenges facing the national economy during the previous stage, The stability of security and economic mismanagement of public funds and the lack of clarity of economic methodology adopted. ”
He pointed out that “the structural and structural imbalance in the economy and the challenges facing stability in the monetary system and the financial system, the deficit in non-oil revenues and the country’s dependence on oil imports by 95%, the deficit in previous public budgets and the budget of 2017 and the deficit in the balance of payments led to confusion visions in both policies In the past two years, the Central Bank has been engaged in a management that believes in scientific, technical and practical development according to international standards in terms of compliance rules and regulations, combating money laundering, financing terrorism and managing risks.
The Central Bank is able to evaluate banks and classify them to serve the criteria of providing the best services to citizens and overcome one of the challenges of monetary policy and address the challenges facing the banking sector and beyond and create opportunities for development and growth for the next three years in line with the program of financial and economic reform of the International Monetary Fund.
Al-Nusairi referred to “the initiatives of the Central Bank to activate the economic cycle by allocating 6 trillion dinars to finance and operate small and medium enterprises, and allocated 5 trillion dinars to specialized banks (housing, real estate, agricultural and industrial) and trillion for private banks.
Calling for the need to review the laws governing the economic process and involve the private sector in the management of the economy in the next phase and the formation of the Market Council and be managed market market mentality, and that the reform and comprehensive change by adopting the foundations of the revolution of administrative and economic and adopt the methodology and vision for the years to 2030 as applicable In Saudi Arabia and the UAE not to rely on oil as a major resource. ”