Tumgik
#foreign currency
Photo
Tumblr media Tumblr media
500 notes · View notes
1five1two · 1 year
Text
Tumblr media
1 Dollar - Federal Reserve Bank of China Republic. 1938.
22 notes · View notes
iraqdinar · 10 months
Text
Zimbabwe’s “RTGS Dollar” Can Be Used to Purchase New Gold Coins; Not So for 2008 Zim Inflation Currency
Zimbabwe's Central Bank recently introduced a new set of gold coins in a bid to boost the country's economy. The coins, which come in denominations of 2, 5, 10, and 20 Zimbabwean dollars, are said to be made from locally sourced gold.
Tumblr media
The introduction of the new coins has been met with mixed reactions, with some Zimbabweans expressing excitement at the prospect of having a new form of currency, while others have raised concerns about the practicality of using gold coins in everyday transactions.
Which Zim Currencies Can Be Used to Purchase the Coins?
One of the main questions that has been raised is whether RTGS (Real Time Gross Settlement) dollars can be used to purchase the gold coins. RTGS dollars are Zimbabwe's official currency and are used for electronic transactions, but they are not widely accepted by all merchants.
According to the Reserve Bank of Zimbabwe, the new gold coins can be purchased using any form of legal tender, including RTGS dollars. This means that Zimbabweans who have RTGS dollars can use them to buy the gold coins.
Tumblr media
What about Zimbabwe’s 2008 Hyperinflation Currency?
Unfortunately for collectors around the world who have made the 2008 $100 Trillion Zimbabwe banknote one of the most popular numismaic collectibles of all-time, they won’t be able to help land the new gold Zimbabwe coins.
The reason is rather simple. 2008 Zimbabwean money cannot be used to buy anything, much less cold coins. In 2008-2009, Zimbabwe experienced hyperinflation, and as a result, the currency became practically worthless. In response, the Zimbabwean government abandoned the Zimbabwean dollar and adopted a multi-currency system. The primary currencies used in Zimbabwe are now the US dollar, the South African rand, and other foreign currencies. At the height of the hyperinflation, Zimbabwe released a $100 trillion dollar bill, which at its height was worth something like $1.36 USD.
Tumblr media
Gold coins, like any other goods or services, typically require a recognized currency or a form of payment that is widely accepted. Since the 2008 Zimbabwean money is no longer in use and has no value, it cannot be used to purchase gold coins or any other items. If you're interested in buying gold coins, you would need to use a recognized currency or another form of payment accepted by the seller.
However, while officiallt the RTGS dollar can be used to purchase the coins, some experts have warned that using RTGS dollars to purchase gold coins may not be the most practical option. This is because the value of gold is constantly fluctuating, and it may be difficult for merchants to accurately determine the value of the coins in RTGS dollars.
Despite these concerns, the introduction of the new gold coins is seen as a positive step towards stabilizing Zimbabwe's economy, which has been struggling for years due to hyperinflation and a shortage of foreign currency.
The use of gold as a form of currency is not new in Zimbabwe. The country has a rich history of gold mining, and gold was once used as a medium of exchange before the introduction of paper currency.
In recent years, there has been a renewed interest in gold as a form of currency, with some countries, such as China and Russia, increasing their gold reserves in an effort to diversify their currencies.
The introduction of the new gold coins in Zimbabwe is therefore seen as a step towards aligning the country with this trend. It remains to be seen whether the coins will be widely adopted by Zimbabweans, but for now, they represent a glimmer of hope for a country that has been through so much economic turmoil in recent years.
11 notes · View notes
sickxknives · 2 years
Text
Still collecting paper money from foreign places! Here's some new pieces to my collection:
🇷🇴 2000 Romanian Lei ( or Leu, I see both being used ) equal to $394.42 USD
Tumblr media Tumblr media
🇮🇳 5 Indian Rupees equal to $0.06 USD
Tumblr media Tumblr media
🇵🇭 1 Philippine Peso equal to $0.01 USD
Tumblr media Tumblr media
40 notes · View notes
100yearoldcomics · 2 years
Text
Tumblr media
June 30, 1922 Take Barney Google F'rinstance by Billy De Beck
[ID: Barney stands confused in front of a diner's counter, a barstool between himself and the cook. The cook grumpily flips Barney's coin back at him. /end] Cook: You can't pass this Canadian quarter in here. Beat it!! Barney: ? ? ? ? ?
[ID: Barney stands, nervously sweating, on the sidewalk outside. /end] Barney: That's what I call tough luck!! I was just about to scatter a nice plate of beans, too.
[ID: Barney looks up with pleading eyes at a uniformed cop on the corner. /end] Barney: How far is the Union Station from here, Lieutenant?
[ID: Barney walks up to a train car with "CANADA 12345" written on the side. He offers his quarter to an old aristocrat inside, who looks at Barney, confused. /end] Barney: Hey! Swap a two-bit piece with me. Why not? Aristocrat: ?
2 notes · View notes
theleadersglobe · 14 days
Text
Revolutionising Forex for Travelers: BookMyForex Launches New App
Tumblr media
BookMyForex, the online forex platform, has introduced a groundbreaking update to its application designed to transform the forex transaction experience for international travellers. This latest innovation focuses on alleviating the common financial burdens faced during overseas travel by enhancing the functionality and user experience of their True Zero Markup Card.
Instant Reload Feature: A Game-Changer for Global Travelers
The newly updated app includes a standout feature: the instant reload capability, which allows travellers to top up their forex cards in real-time digitally. This eliminates the delays and complications often associated with running out of funds abroad. 
Read More:(https://theleadersglobe.com/life-interest/travel/revolutionising-forex-for-travelers-bookmyforex-launches-new-app/)
0 notes
financialservicesdf · 3 months
Text
Buy currency online with Orient exchange; Best forex company
Orient Exchange, a leading name in the financial services industry, provides a seamless and convenient platform for individuals to buy currency online. With a commitment to excellence, Orient Exchange offers a user-friendly interface that allows customers to effortlessly navigate through the currency exchange process from the comfort of their homes.
One of the key advantages of buying currency online through Orient Exchange is the competitive exchange rates they offer. By leveraging their extensive network and partnerships, Orient Exchange ensures that customers get the best value for their money. The platform is designed to provide transparency, displaying real-time rates and eliminating hidden fees, enabling customers to make informed decisions.
Security is a top priority at Orient Exchange, and their online currency exchange platform employs robust encryption measures to safeguard customer information and transactions. This focus on security instills confidence in customers, assuring them of a safe and reliable online foreign currency exchange experience.Furthermore, Orient Exchange offers a wide range of currencies to cater to diverse travel and business needs. Whether it's for a vacation abroad, business travel, or international transactions, customers can find the foreign exchange they need with ease.
In summary, buying currency online with Orient Exchange combines convenience, competitive rates, and security, making it a trusted choice for individuals seeking a reliable and efficient platform for their forex requirements.
0 notes
fxinteract · 6 months
Text
Accepting Losses With Grace
The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use unreliable methods that fail to produce a profit. Many traders hold on to losing positions telling themselves “it is going to turn” when every indicator says otherwise because they cannot bear the thought of a loss.
Why do they torture themselves? Why don’t they just identify what’s going wrong and make a change? For some people recognizing that a trade or even a trading method is not working and making a change is easy, but for others it’s very difficult. They have to look at their limitations admit that they have made a mistake and that’s hard because it hurts our ego. Psychologically it’s risky, it’s often easier to fool ourselves. Just keep going, living in a state of denial until your account is depleted. If you recognize any of these traits in yourself you must stop trading immediately.
Take a good look at what has been happening, try and identify the problem. If you look close enough you may see a pattern. This is why it is vital to record every trade and as much information about it as possible. You have to break out of old patterns and see things in a new light.
You will never be a successful trader if you continue to live in a state of denial. What can be done to return to reality? There is a lot you can do. First of all make sure you are not trading under stress. When stressed out you can’t see clearly, you become rigid and unable to see alternative views. One of the easiest solutions is to trade smaller. The smaller the trade the less the stress, especially for the beginner. If you are experienced and in a loosing streak reduce your contracts until you get your confidence returns. Some people need to take a break altogether. Get away from it all. Take your mind off the trading.
The second thing you can do is to make sure you have a life. Trading can be addictive especially when you are winning. Do not put all your emotional eggs in the trading basket. You need to have other roles that give your life meaning and purpose. By defining your identity in a variety of ways, you will not place un-natural importance on trading events. Therefore, you will be able to take losses in stride and look at your trading more objectively.
Finally, radical acceptance is a key mental strategy for coping with market uncertainty. Many traders make the mistake of thinking they can control the markets. Nobody can control the markets. We must learn to accept anything that comes our way and to trade accordingly. Adopt the attitude that trading is a journey and that all we can do is go where the markets take us.
To succeed on this journey you cannot afford to lose too much. Manage risk and just accept what you get and enjoy the ride. This way you will trade more freely and creatively. Don’t live your life in denial. Accept your limitations, work around them, and become a winning trader. Write out your trading plan with precise entry and exit points. Most important set your stops and mentally decide you will not break them. Test your system on paper and when confident test in real time with the minimum contract size. You will have losing trades, accept them with grace and go on to the next trade.
0 notes
zenithforex · 7 months
Text
Get Foreign currency Exchange in Bangalore
Are you planning a trip abroad from Bangalore? Or do you want to send money abroad? Whatever the reason may be, foreign currency exchange and money transfer are the important servicers, then you will have considered our services. Read more at https://issuu.com/zenithforexonline/docs/foreign_currency_exchange.pptx
0 notes
Text
my dad is going to see family in Ireland and England then going to just hang out in France for a bit so last yesterday before I drove him to the airport he handed me this weird basket I had never seen before full of little jars and bags or random coins, and requested I sort out the pounds and euros so he could take them on his trip. of course he knows exactly how to harness my autism and I happily sorted coins. on top of pounds and euros denominations represented include:
Canadian and US Dollars, highest being like a billion American pennies
some Namibian paper money
Cuban pesos, as well as Cuban convertible pesos which they don't use anymore
lots of Franks
some coins that I think we're from Spain
a few coins from Hong Kong
a surprising amount of currency from Barbados
while I was amassing pounds I happened upon a one shilling coin, my father confirmed no we don't use shillings anymore, and I wondered how long has it been since the UK got rid of shillings?
this simple question led me to the discovery of simultaneously the most wild and the most British thing I've ever heard of:
Decimal Day
what is decimal day? you may be asking yourself if you are a north American millennial like myself
February 15, 1971 the UK and Ireland switched it's currency from pounds, shillings, and pence to just pounds and pence, and switched the currency from the most unhinged imaginable base 12 currency system, to a much more reasonable base 10 system
(this probably had something to do with the UK switching from imperial to metric measurements, but I didn't google that)
in order to understand how unhinged British money was, let's look at some conversions:
12 pence = 1 shilling
20 shillings = 1 pound
240 pence = 1 pound
like.... what? I cannot IMAGINE
also, when they switched they had new pence, as if everything wasn't wild enough enough already. my dad remembers the switch happening. he says counting money was way easier after, but it was something both his grandmother's were very concerned about. he thinks they had a cake.
anyway, shillings remained legal tender until 1990 and were worth five new pence (not old pence, be careful). after 1990 they were removed from circulation. I cannot IMAGINE the hassle of trying to manage that transition as a cashier.
I did find in the Coin Box some coins that said five new pence, and then some that just said five pence, but I didn't think to look at the dates on them though.
and there we have
Decimal Day
1 note · View note
Photo
Tumblr media Tumblr media
187 notes · View notes
andili-swiss · 1 year
Text
How to trade forex as a beginner
Forex is the largest financial market in the world, with over $6 trillion worth of transactions taking place every day. Trading forex can be a lucrative investment opportunity, but it also involves a great deal of risk. Here are some guidelines on how to trade forex:1. Understand the currency pairs: Forex trading involves trading one currency for another. Some popular currency pairs are EUR/USD, GBP/USD, and USD/JPY. Each currency pair has its own characteristics, with differences in liquidity, volatility, and trading hours.2. Choose a forex broker: Find a reliable forex broker to execute trades on your behalf. Some factors to consider when choosing a broker are the costs of trading, types of trading platforms offered, and customer support.3. Learn technical analysis: Technical analysis is the study of past market data to predict future market movements. It involves using charts and indicators to identify patterns and trends. Some common technical indicators include moving averages, MACD, and RSI.4. Develop a trading plan: A trading plan is essential for successful forex trading. It should include entry and exit points, risk management strategies, and trading goals. Stick to your plan to avoid making impulsive decisions.5. Practice with a demo account: Many forex brokers offer demo accounts that allow you to practice trading with virtual money. Use this to hone your skills and test different strategies before investing real money.6. Manage risk: Forex trading involves a high degree of risk, so it's crucial to manage your risk effectively. Use stop-loss orders to automatically close out trades when they reach a certain point, and never risk more than you can afford to lose.7. Stay informed: Keep up-to-date with the latest news and events that can impact the forex market. This includes economic data releases, political developments, and geopolitical tensions.In summary, forex trading requires education, discipline, and risk management. With practice and patience, it is possible to make a profitable income from forex trading.
Interested in learning more about how to trade forex, use this link to get an ebook, selar.co/fiw4
1 note · View note
iraqdinar · 2 years
Text
Egan Store to Include CoA With All Dinar, Dong, Rupiah, Zim and Bolivar Products
Leading Exotic Currencies Dealer Egan Store to Offer Certificates of Authenticity For All Listings of Iraq Dinar, Vietnam Dong, Indonesia Rupiah, Venezuela Bolivar and Zimbabwe Dollar Items
Exotic foreign currency banknotes dealer Egan Store (aka: “Egan Shop”) has announced that effective immediately, purchases of any and all core products will not be eligible for a certificate of authenticity to be included with the order for no additional charge.
Tumblr media
Egan Store co-founder and proprietor Peter Egan Jr. observed that his business’ best-selling products were those which advertised a certificate of authenticity in the main listing photo, like the dinar dealer’s listing for a quarter-million Iraqi dinar in the form of ten uncirculated 25,000 IQD banknotes. While Egan Store has included a CoA by default for sales of the listing linked to in the previous sentence for the entirety of the company’s existence, it only recently began making certificates available for no additional charge for all of the company’s most popular product lines and listings.
The move came in the wake of a two week period during which the number of buyers requesting certificates for orders of Vietnamese Dong, Indonesian Rupiah, Venezuelan Bolivar and 2008 Zimbabwe dollar, particularly the trillion-dollar denominations in the case of the latter.
Tumblr media
Said CEO Peter Egan Jr. of the move, “We inspect every note valued at more than a few dollars under UV lighting among other methods of establishing authenticity anyway, and inspect a random sampling of notes from each purchase that we make before we make them available to our customers. We take our responsibility to be bona fide experts in these respective currencies very seriously, and certificate or no certificate, our longstanding policy has always been that if any note we sell is determined to be fake, we will replace it or issue a full refund to the buyer who purchased it. The CoA is really just here for new customers’ peace of mind. Not that we’ve ever sold a counterfeit note, although we have purchased a few over the years. Thankfully, we were able to identify those as fakes within minutes of opening the package they arrived in, so the notes never made it into circulation, and we have zero intention of ever selling them, even with a disclaimer denoting that they’re fake. The fact is, if we were to sell a note we know to be fake, even if we state that it’s not an authentic banknote, we have no control over what the buyer does with the note, so if we were to attempt to recoup a portion of the losses we incurred on those purchases by reselling the fake notes as fakes, there’s a distinct possibility that they’d eventually wind up in circulation, and I would personally rather absorb the loss myself than do something that could potentially result in some unwitting person unknowingly purchasing a fake note and not learning that the note is fake until it’s too late, leaving them with only the option to resell it under the same false pretenses under which they purchased it as a means of recouping their loss. We’ve been very blessed. and the Lord has given me the wherewithal to absorb those losses, so that’s what we’ve done.”
“From this point forward, any customer who requests a certificate of authenticity for any listings involving any of our five primary currency offerings, and frankly nearly all of our other products as well not counting the novelty banknotes like the Ripple/XRP novelty banknote, our Antarctica polymer note and all of the notes that will make up a yet-to-be-launched category which I plan to entitle, ‘The Breast Banknote Collection Ever Assembled.' While I won’t spoil the surprise with that particular collection, suffice it to say I’m very excited about it, and I would encourage everyone to check back with us in a week or so, by which time the category should be live.”
Tumblr media
In addition to the five national currencies mentioned above, Egan Store has introduced a number of new product offerings in recent weeks, introducing banknotes from currencies from all across the world. Some of these include (but are not limited to): Nigeria (Naira), Congo (Congolese Francs), Russia (Rubles), Ukraine (Hryvnia), Lebanon (Livre), India (Rupees), China (Yuan), Taiwan (new Taiwan dollar), Hong Kong (Hong Kong Dollar), Rwanda (Francs), Malaysia (Ringgit), Gambia (Dalasis), South Korea (Won), Trinidad and Tobago (Dollar), Argentina (Pesos), Libya (Dinar), Uganda (Shilling) and a whole host of others.
To receive a free certificate of authenticity for fully guaranteeing the legitimacy of banknotes purchased from any Egan Store shopping venue, if buying in-person just ask; and if buying online, just leave a note at checkout (you will be given the option to leave a note for the seller at checkout regardless of where you purchase from). However, if you for whatever reason do not see the field or forget, just send Peter, Mellenia or any member of the Egan Store team an email or message if buying through a third-party shopping interface mentioning your order number, the date-of-purchase, currency(ies) purchased and that you would like a certificate of authenticity to be mailed along with your order and the team at Egan will gladly accommodate your request.
5 notes · View notes
Why does purchasing foreign debt devalue the purchasers currency?
Tumblr media
Purchasing foreign currency is a common practice for individuals and businesses alike, and it can serve a variety of purposes. As a forex brokerage, Regulus Finance can help investors buy and sell foreign currencies, giving them access to a range of markets and opportunities. Visit their website now for a foreign exchange purchase. Read more: https://qr.ae/prxl8g
0 notes
o9c4com · 1 year
Text
Tumblr media
# FX4Cash | Twitter List | Flickr Discussions Topic
FX4Cash® – Corporates and Institutions. FX4Cash gives you the ability to manage and control your incoming foreign currency premiums and profits / dividends. FX4Cash Currency Guide. What is fx4 cash? What is FX4 account? What currency does Deutsche Bank use? Which bank deals with foreign exchange? FX4Cash is a platform that provides an automated solution for handling global cross- currency payments, whether large or small, recurrent or infrequent. FX4Cash payment system. Deutsche Bank has launched FX4Cash, a new FX payments product aimed to meet with clients' FX and cash management needs. Ability to send and receive transfers in more than 100 different currencies. FAQ - Fx4Cash - International Transfers Solution.
0 notes
Text
Rate hike panic! U.S. stocks fell more than 2 percent for their worst performance in two months, while Treasury yields rose more than 10 basis points across the board
European stocks fell more than 1% in intraday trading as European, US and UK PMI rebounded to a more than half-year high in February and accelerating service sector growth sparked inflation concerns, firming bets that European and US central banks would maintain a hawkish interest rate hike stance. European Central Bank President Christine Lagarde reiterated another 50 basis point rate hike in March. Us stocks collectively closed at session lows, with the Dow down nearly 700 points. S&p consumer discretionary, Russell small-cap and chip stocks fell about 3%. Home Depot fell 7% on poor guidance this year pressured the Dow, JD.com fell 11% and Pinduoduo fell more than 9%. Yields on two-year and 10-year US Treasuries were the highest in three and a half months, yields on two-year German and Italian bonds were the highest in more than a decade, and yields on two-year and 10-year British bonds rose 17 basis points. Crude oil fell more than 1 percent to a near 2-week low, while U.S. natural gas fell 9 percent to its lowest in 2 1/2 years. The dollar traded above 104 near a six-week high, sterling rose the most against the euro in five weeks, the yen fell below 135 to its lowest in two months and gold futures closed at their lowest in nearly two months.
Tumblr media
0 notes