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Guru Pimpy says - The future prospects of the issuing country affect the price of the currency
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Guru Pimpy says - The future prospects of the issuing country affect the price of the currency
by RamblerNash Sat Jan 08, 2022 8:04 pm
Guru Pimpy
Points to remember: Price of the currency depends on supply and demand, speculation (that's us, People out there investing/speculating that it might go up or down...), the political and economic conditions of the issuing country...I'm just helping out you newbies... 'What does this have to do with the currency?' This is what it has to do with it. It's just not a matter of, 'Oh, it's there. That's the price.' No. There are other factors in there.
The future prospects of the issuing country affect the price of the currency...we know the political part started to become more stable...economic conditions, we seen that Iraq is starting to build up its private sector, trying to get away from oil. That is helping their GDP. There was good growth in 2021. They're expecting even better growth in 2022. That's why we pay attention to what's going on in politics and what's going on around the country...that's why we pay attention to the news...
Points to remember: Price of the currency depends on supply and demand, speculation (that's us, People out there investing/speculating that it might go up or down...), the political and economic conditions of the issuing country...I'm just helping out you newbies... 'What does this have to do with the currency?' This is what it has to do with it. It's just not a matter of, 'Oh, it's there. That's the price.' No. There are other factors in there.
The future prospects of the issuing country affect the price of the currency...we know the political part started to become more stable...economic conditions, we seen that Iraq is starting to build up its private sector, trying to get away from oil. That is helping their GDP. There was good growth in 2021. They're expecting even better growth in 2022. That's why we pay attention to what's going on in politics and what's going on around the country...that's why we pay attention to the news...
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