Foreign exchange rate definition and regulations - excerpts from the book International Monetary Relations
by Farouk Younis
- Posted on 12/04/2018
Dr. Abdel Moneim El Sayed Ali * and Dr. Hilal Ajami Jamil Al Janabi ** Introduction: Farouk Younis Introduction I thank the Editorial Board of the Iraqi Economists Network for publishing excerpts from books I see [...]
Dr. Abdel Moneim El Sayed Ali * and Dr. Hilal Ajami Jamil Al Janabi **
Presented by: Farouk Younis
I thank the Editorial Board of the Iraqi Economists Network for publishing excerpts of books I see useful to readers.
Mohammed Alireza Al Jassem: Credit and Banking in Old Iraq , and
Stephen Hommely Lunkerick's Modern Iraq from 1900 to 1950.
I am now pleased to present foreign exchange quotes and definitions from Dr. Abdel Moneim Al Sayed Ali and Dr. Hilal Ajmi Jameel Al-Janabi, International Monetary Relations (Dar Al Kutab for Printing and Publishing, University of Mosul, 1992)
Extracts from the fourth chapter - the second section - foreign exchange rate definition and regulations.
Farouk Younis ***
Foreign exchange rate definition and regulations
- One of the most important problems facing the economic processes linking the various countries is the problem of the relationship between the national currency and other foreign currencies and the foreign exchange rate refers to the number of national currency units that require payment to buy one unit of foreign currency.
The foreign exchange rate links prices to two different countries and is the standard by which all prices are translated.
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Foreign exchange rate – liberated
About Farouk Younis
Economic and commercial expert working with the Ministry of Commerce and with the Federation of Chambers of Commerce as a consultant