Tag Archives: currencies

Introduction to Crypto Currencies

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Some basic fundamental concepts of blockchain and crypto currency.

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A currency is money in any form when in actual use or circulation as a medium of exchange. The UN recognizes 180 national currencies as legal tender. Some Asian nations have paper bills pegged at over several thousands for just a dollar. Asia has many least valuable currencies than any other continent.

While the value of some of these currencies is deliberately kept low for specific reasons, value of most of them is low due to poor leadership. Here are the 7 most worthless currencies in the world as of 2014, with exchange rate in Unite States dollar.

7) South Korean Won (1 US dollar = 1,101.49)
South Korea has deliberately manipulated its monetary policy to keep its money cheap. This makes the nation’s exports cheaper than those of competitors like Japan. How come the home to global giants like Kia, Samsung and Hyundai has a currency worth .0008 US$ ? It’s simple. They like it that way. They deliberately manipulate monetary policy to keep their money cheap which makes their exports cheaper than those from competitors like Japan.

6) Iraqi Dinar (1 US dollar = 1,154.44)
Plunging oil prices and terrorist activities are impacting the value of Iraqi Dinars negatively. The oil-rich nation is basically enmeshed in a brutal civil war without any cohesive social fabric to pull it back together. It’s not looking good for the Iraqi dinar revaluation.

5) Cambodian Riel (1 US dollar = 4,055.64)
Cambodia is still very poor; average annual income is just 6 and malnutrition among children is widespread. Although Cambodia is rich in natural resources, years of war and internal conflict have made it a poor country. The popular tourist destination’s future looks brighter. Tourism accounts for 17% of the Gross Domestic Product. There’s oil being found.

4) Laotian Kip (1 US dollar = 8,063.87)
Around three-fourths of the work force of Laos is engaged in growing rice. More than a third of the nation’s population lives below the global poverty line of US .25 PPP a day. Lao economy is growing quickly but ¾ of the work force is tied up in growing rice. The government’s goal to come off from the UN Development Program’s list of least-developed countries by 2020 is achievable.

3) Indonesian Rupiah (1 US dollar = 12,869.98)
Awful infrastructure, rampant corruption and foot-dragging bureaucrats are affecting the value of the Indonesian Rupiah. The archipelago nation subsidizes gas prices so much, it doesn’t have enough left over to build modern infrastructure.

2) Vietnam Dong (1 US dollar = 21,385.80)
Vietnam is astonishingly exotic and utterly compelling nation. The value of the Dong is kept low to boost exports. The nation has been, for much of its history, a predominantly agricultural civilization based on wet rice cultivation. Deep poverty has declined significantly in Vietnam. The dong is kept low to boost exports and everyone seems to like it that way.

1) Iran Rial (1 US dollar = 26,954.18)
Asia’s number least valuable currency is Iran Rial. Iran is hit really hard by the international sanctions over the nuclear program. This West Asian nation’s economy is a mixed economy. Around 60 percent of the economy is centrally planned. Iranian president said recently that the country has the potential to become one of the ten largest economies in the world within the next three decades.

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R.E.M. – Strange Currencies

R.E.M. released their “Monster” album in 1994. it was a return to an edgier sound, with simple rock’n’roll guitars and lots of attitude. here’s one of my favourite songs off that album.
composed by berry/buck/mills/stipe, produced by scott litt and R.E.M.
copyright owned by warner bros records inc.

—Strange Currencies—
I don’t know why you’re mean to me
when I call on the telephone.
and I don’t know what you mean to me
but I want to turn you on, turn you up, figure you out, I want to take you on

These words, “You will be mine.”
These words, “You will be mine.” all the time.

now fool might be my middle name
But I’d be foolish not to say
I’m going to make whatever it takes,
ring you up, call you down, sign your name, secret love,
make it rhyme, take you in, and make you mine.

These words, “You will be mine.”
These words, “You will be mine.” all the time. oh

I tripped and fell.
did I fall.
What I want to feel, I want to feel it now

You know with love come strange currencies
and here is my appeal:

I need a chance, a second chance, a third chance, a fourth chance,
a word, a signal, a nod, a little breath
just to fool myself, to catch myself, to make it real, real

These words, “You will be mine”
These words, “You will be mine.”
all the time. oh

These words, “You will be mine.”
These words, they haunt me, hunt me down,
catch in my throat, make me pray,
say, this love’s confines, oh

————–

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
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Digital currencies like bitcoin are coming (and it’s a good thing): Juan Llanos at TEDxMidAtlantic

http://www.youtube.com/v/0GL9PTQiqxw?fs=1

A Certified Anti-Money Laundering Specialist, Juan has over a decade’s experience of building and managing AML/CFT and regulatory compliance programs for multiple international jurisdictions, including Canada, Italy, the United States and Spain, and is recognized as a pioneer in the development of compliance and risk management best practices for the money transfer industry. He is a member of the Bitcoin Foundation’s Regulatory Affairs Committee, and writes about risk and virtual currencies.

In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
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Why Currencies Are Used?

People often wonder why we use currency. It is not the root of all evil. It actually serves some purpose. Money or the stuff in your wallet that you use to buy things with is a very convenient means of getting the goods and services that you want. Believe it or not but it is the best forex trading system to date. Several thousand years ago, there was no money. People would meet at the market square and trade their basket of eggs or bushel of apples for bread or cloth.

After a while, this became inconvenient as people began to travel the trade routes. Instead if having to carry goods, money became an easier way to get the goods and services that were needed. Money today and back then was not the actual production itself. It stood for production as it does today. One does their job for the week and gets paid for those hours and is then able to go to the mall and buy what they want with it. You no longer have to take eggs, gallons of milk, etc. to trade for other goods. This made things so much easier for the consumer.

The problem with money comes in only when it is not measured by production. Buying and selling money is not producing or creating anything. It is when the money markets are manipulated that money is not worth what it should be. World bankers are the ones who are to blame. These individuals crash the markets and economies of countries in order to profit from them. This is evil and its purpose is to ruin nations as forex trading tips the balance to those who set interest rates. If you dont pay back your loans, watch out because you will be a target. The bankers print fiat money, which is not based on any gold or silver standard. This makes it only worth the paper that it is printed on.

Rhab Hendrik is an author who, when not trading forex, likes to write online forex tutorials. In his many articles you can learn forex trading.

Related Currencies Articles

Pakistan Currency Comparison With Most Valuable Currencies in Asia

http://www.youtube.com/v/2RHkCriY_MI?fs=1

Money plays an important role in today’s world. Asia is home to some of the most expensive currencies in the world. The Kuwait dinar is not only Asia’s most valuable currency but also the most valuable in the world.

5) Azerbaijani Manat (1 Azerbaijani Manat = 66.35 Pakistani Rupee)
4) Jordanian dinar (1 Jordanian dinar = 147.73 Pakistani Rupee)
3) Omani Rial (1 rial = 147.73 Pakistani Rupee)
2) Bahraini dinar (1 dinar = 277.73 Pakistani Rupee)
1) Kuwaiti dinar (1 dinar = 346.64 Pakistani Rupee)

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When players can generate their own money in infinite supply by killing monsters for in-game gold, MMO economies quickly get overrun by inflation. In the past we’ve talked about how designers can create gold sinks to solve this problem. Today we’ll talk about other ways game designers approach it: by adapting the same tools used by economists in the real world.
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MOST IMPORTANT CAPITAL AND CURRENCIES OF ASIAN COUNTRIES WITH IMAGES.

http://www.youtube.com/v/HYCuGxRnhxU?fs=1

-AFGHANISTAN
located within South Asia and Central Asia.
Capital-KABUL
Currency-AFGHANI

-BANGLADESH
Bangladesh is a country in South Asia.
Capital-DHAKA
Currency-TAKA

MOST IMPORTANT CAPITAL AND CURRENCIES OF ASIAN COUNTRIES WITH IMAGES.
-BHUTAN
Bhutan is a landlocked country in South Asia.
Capital-THIMPHU
Currency-NGULTRUM

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-CAMBODIA
Cambodia is a Southeast Asian country.
Capital-PHNOM PENH
Currency-RIEL

-CHINA
China is located in east Asia.
Capital-BEIJING
Currency-RENMINBI

-INDIA
India is a country in South Asia.
Capital-NEW DELHI
Currency-RUPEE

-INDONESIA
Indonesia is a Southeast Asian nation.
Situated between the Indian and Pacific oceans.
It is the world’s largest island country, with more than seventeen thousand islands.
Capital-JAKARTA
Currency-RUPIAH

MOST IMPORTANT CAPITAL AND CURRENCIES OF ASIAN COUNTRIES WITH IMAGES.
-IRAN
Iran is a country in Western Asia.
Capital-TEHRAN
Currency-RIAL

-IRAQ
Iraq is a country in Western Asia.
Capital-BAGHDAD
Currency-IRAQI DINAR

-MALAYSIA
Located in Southeast Asia
Capital-KUALA LAMPUR
Currency-RINGGIT

MOST IMPORTANT CAPITAL AND CURRENCIES OF ASIAN COUNTRIES WITH IMAGES.
-MYANMAR(BURMA)
Myanmar is a country in South East Asia.
Capital-NAYPYIDAW
Currency-KYAT

-NEPAL
Nepal is a landlocked central Himalayan country in South Asia.
Capital-KATHMANDU
Currency-NEPALESE RUPEE

-NORTH KOREA
North Korea is a country in East Asia.
Capital-PYONGYANG
Currency-NORTH KOREAN WON

-PAKISTAN
Pakistan is a country in South Asia on crossroads of Central Asia and Western Asia.
It is the 36th largest country in the world.
Capital-ISLAMABAD
Currency-PAKISTANI RUPEE

MOST IMPORTANT CAPITAL AND CURRENCIES OF ASIAN COUNTRIES WITH IMAGES.
-SAUDI ARABIA
Saudi Arab is an Arab country in Western Asia.
Capital-RIYADH
Currency-SAUDI RIYAL

-SOUTH KOREA
South Korea is a country located in East Asia
Capital-SEOUL
Currency-SOUTH KOREAN WON

MOST IMPORTANT CAPITAL AND CURRENCIES OF ASIAN COUNTRIES WITH IMAGES.
-SRI LANKA
Sri Lanka is an island country in South Asia
near south-east India.
Capital-COLOMBO
Currency-SRI LANKAN RUPEE

-THAILAND
Thailand is a country at the center of the Indochinese peninsula in Southeast Asia.
Capital-BANGKOK
Currency-BATH

-TURKEY
Turkey is a transcontinental country in Eurasia,
mainly located in Western Asia.
Capital-ANKARA
Currency-TURKISH LIRA

UNITED ARAB EMIRATES
UAE is a country in Western Asia
Capital-ABU DHABI
Currency-UAE DIRHAM

MOST IMPORTANT CAPITAL AND CURRENCIES
OF THE ASIAN COUNTRIES
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Calculating Prices in different Currencies using Exchange Rates

http://www.youtube.com/v/nGvv08etNDI?fs=1

If you know the exchange rates of two currencies, you can calculate the prices of goods in one country in another country’s currency. This lesson walks you through several problems in which calculations of different exchange rates allow us to determine how much goods and services in one currency will cost in terms of another.
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http://www.youtube.com/v/IANeqOfStbY?fs=1

Before a nation can have a sound economy, it must first have a sound monetary system. Unfortunately, in today’s world, there is not a single government that has a commodity based currency; every world currency qualifies as a fiat system. In the history of the world, every fiat currency eventually has failed. In this video, I talk about why that is the case, and how we can see this playing itself out right now in the current fiat systems.
Dollar purchasing power lost since 1913: 92%
Dollar purchasing power lost since 1971: 83% 10 oz. silver bar at spot from SD Bullion: https://sdbullion.com/sf

The Truth about Bitcoin and Alternative Currencies

Bitcoin has been making headlines for months. With the price fluctuating wildly, is it really a currency, or just a scam? To find out, we have to analyze its properties.

Gold and silver give us good examples of which properties make a sound currency, and bitcoins seem to measure up well. Will they ultimately outcompete the US dollar, gold, or silver? We can’t know, but with the Federal Reserve devaluing the dollar every day, it is only a matter of time before people start looking for an alternative currency.

To learn more, visit: http://www.fee.org/the_freeman/detail/is-bitcoin-a-viable-currency, and to learn the basics of Bitcoin, visit: http://www.fee.org/the_freeman/detail/bitcoin-for-beginners

Bitcoin address: 15wDJRfsyomAgvX2TdW32gdYtAWZtAd1ps

Scripted, animated, and produced by Steve Patterson. Special thanks to Julia Patterson.

© 2011 WMG
Strange Currencies (Live Road Movie Version)
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Ripple Latest News: SBI Virtual Currencies Will List Exclusively XRP at Launch

http://www.youtube.com/v/SVJ5SsjC9pc?fs=1

Few minutes ago, on Ripple official website, appeared the announcements that SBI Virtual Currencies will list only XRP at the date of the launch. Below we report the official post from Ripple.com.
Adding to the momentum behind XRP’s growing global liquidity, SBI Holdings announced that its newly released digital asset exchange — SBI Virtual Currencies — will use XRP as the only digital asset supported at launch.Just one – before this month, that’s how many financial firms had publicly expressed interest in using Ripple’s cryptocurrency, XRP.
Indeed, the blockchain startup has no lack of partners, from American Express to SEB, that use its xCurrent product, which allows financial institutions to send transactions in real-time without the innovative new crypto-asset. But it was only a little-known company (Mexico-based Cuallix) that had signed on to use Ripple’s xRapid to leverage XRP for liquidity.instant blockchain payments in India. The year 2018 may prove to be very solid for the blockchain company and their XRP asset.The addition of XRP to BitOasis is a big development for Ripple. Their native digital asset has never been in such high demand before. The Dubai exchange feels now is a good time to introduce traders to this particular asset. The new trading markets will go live on January 30th. Customers can buy the XRP token using AED wire transfers or UAE-issued credit cards. BitOasis raises the bar in terms of making the purchase of XRP a lot more convenient for its users. This is the third currency to be supported by the exchange, next to Bitcoin and Ethereum.
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R.E.M.
Monster
Strange Currencies
1994