Discussion About Dinar and Dirham Currency at Umar Vadillo’s FaceBook

In his profile Umar Vadillo wrote:

“Some people think we are just selling gold and silver coins, but they are wrong -they are only looking at the surface in which they dwell. If they had Taqwa they would reflect on their own sickness and join our common struggle fisabilillah to spread Trust in Allah, our firm belief in the unremitting authority of His Commands, and our unshakable commitment to join Allah and His Messenger in His war against Riba.”

Some Muslims agree with what Umar wrote, while others don’t.
Some who disagree such as Adrian Chin wrote:

“‎( If I can reduce my production price, why should I sell at lower price if t…here are willing buyer to buy at higher price, so I get more profit? ) — Liang, that defeats the purpose of the holistic mission here, doesn’t it ?”

My answer is:

“@Adrian: Could you calculate the US Dollar’s price (or any other paper money) exactly?
In my calculation, the price of paper+ink+cost of printing a US$ 100 < 0.001 gram of GOLD. But how come a US$ 100 PAPER worth>2 grams of GOLD?
And why many people still like to use US Dollar? Could you explain it to us Adrian?”

Liang Ng also wrote:

Liang Ng
Adrian: the answer is no. From what I understand so far (I hope I don’t disappoint Umar) profit is legal from the point of view of Islam (http://quran.com/2/275)

The problem is when a market does not exist, there is monopoly, or cartel, so there is no “fair price”.

Therefore we really need to have a Gold Market/Exchange like London Bullion Market Association and Shanghai Gold Exchange in Malaysia and elsewhere.

My answer is as follow:

Agus Nizami In Indonesia at least there are 2 Dinar and Dirham issuers: wakalanusantara.com and geraidinar.com

Enay wrote:

Enay Sunarman war against riba ? yes …. i agree …. lanjutkan saudaraku

Adrian wrote:

Adrian Chin
Agus, I suppose people like USD is because everyone recognizes it as a currency to use, as also Euro, Yen, and a few others

As to the cost of the value of the US100 note, costing only a few cents to print, who cares ? As long as people are happy to note its value that’s printed.

As for the dinar and dirham, to me, the interest is not in the value of what it is actually, but the cost of forgery, after a while, when it picks up. The RM1 coin was so well forged, that the Govt had to pull it off the market after a few years. So I figure, if the dirham and dinar are not legal tender, then it’s free for all for everyone to forge.

After so many postings, some replying to me, and many not, you are the first person who actually gave me numbers to validate a reason of some kind, so I’m sharing with you what I had in mind. Now you all know eh. Since the purpose is to create an alternative “currency” for trade, with the dinar and dirham, my reasoning is, you need the forgers to come in on the industry, to really propagate expansion of this. I’m looking at it from a software perspective. There’s probably a reason why there are more Windows OS systems than Apple powered OS out there, and in my opinion, counterfeit Windows OS, plays a large part in propagation of Windows.

And this is my final reply:

Agus Nizami
Well, if people could receive paper money as a US$ 100 worth more than 2,000 times of its value as currency, I am sure it will be easier for us to receive Gold/Silver that worth 1.1 of their real value.
Though everyone could make Dinar and Dirham money, but people will only trust some credible institutions. In Indonesia, there are 2 trusted institutions: GeraiDinar.com and WakalaNusantara.com. If government make it, it would be better.

Is the Dinar really 4.25 grams of 22 carat Gold? Is the Dinar could be bought/sold easily with minimum spread? (in Indonesia the buy-sell spread only 4-6%). Comparing to 15% of inflation rate in Indonesia, keeping Dinar will give us yield 10% If we keep it for 3 years, the yield is 30% against Indonesian Rupiah.

But the important is, Gold and Silver are currencies that have real values. It’s also riba (interest) free and far more inflation-proof than worthless paper money. It’s also the currencies that our prophet used.

Insya Allah sooner or later many Muslims will trust Dinar (Gold) and Dirham (Silver) as currencies. Many Businessmen have join in JawaraDinar.com (including me). They receive Dinar and Dirham as money to buy their products and services. For instance I receive Dinar and Dirham as Hijamah/Bekam (Islamic way to prevent/cure hypertension, gout, high cholesterol, etc) payment. I also except 3 Dinars as payment for web development.

Alhamdulillah Adrian Chin accept my explanation:

Adrian Chin Agus, I agree with all segments of your explanation above. Thank you. I also receive non-RM notes for product and services rendered to others. This is a very effective barter system.

Source : http://agusnizami.wordpress.com/2010/09/14/discussion-about-dinar-and-dirham-currency-at-umar-vadillo%E2%80%99s-facebook/

Rain Guards

Accidents can happen to anyone anytime. This is especially true if you are on the road driving with your car. If you’re not convinced, just watch the evening news and you’ll see how many reports of road mishaps and accidents are reported everyday. There are many factors that could result to accidents and some are beyond our control. You may be the safest defensive driver on the road but there are many psychos out there who are driving recklessly and could hit you when you least expected it. However, there are those things that we can control. Not driving when you’re drunk is one.  Although we can not control the weather, there are things that we can do to avoid problems when the weather is not good. One thing that you can do is to equip your car with wind deflectors or rain guards. These important auto parts can protect your car from flying debris and it can even make your journey more comfortable.  Wind deflectors or rain guards prevent too much wind from entering your car and it keeps out rain during a storm even when your window is rolled down. If you are the kind of person who loves to drive with the windows rolled down, then this is a good accessory for your vehicle. Just call it a wise investment for your vehicle. It makes driving safer and more enjoyable. If you are looking for wind deflectors or rain guards, just check out carID. They have rain guards from top-notch brands to guarantee excellent quality and they have been in the custom and car accessories business since 2003. Visit their website now and check out their online catalog.

Credit Cards

Even though there are many types of credit cards out there for consumers, there are few for those with bad credit. Those who are looking to repair their credit have a few options available, one of which is the bank secured credit card. This credit card can help you to repair your credit, as it works in conjunction with your savings or checking account. Bank secured student credit cards look and work just like traditional credit cards, although they use your bank account as collateral. Anytime you aren’t able to pay your credit card bill at the due date, the bank will take the money out of your account. This way, there is always money there for the bank, in the event that you are unable to make your payment. Bank secured credit cards are also ideal for those who have a bankruptcy or simply don’t qualify for a line of credit due to bad credit or no credit history. These prepaid credit cards show your bank that you are able to pay your monthly dues, and that you are mbt men’s shoes taking the necessary steps in rebuilding or building your credit. Over time, if you remain responsible and pay your bill on time, your bank may give you an unsecured line of credit – known as a standard credit card with no collateral. Due to the fact that bank secured credit cards only allow you to spend what have in your account, you don’t need to worry about debt. When you can’t make a payment, the bank simply takes the MBT M.Walk money out of your account. Although this is a great back up plan, you should always pay your bill and never let this happen. Just like other credit cards, bank secured credit cards do have disadvantages that can hit you like a ton of bricks should you use the card irresponsibly. Anytime you don’t pay your bill on time, the bank can hit you with high interest charges and late charges. These charges and fees can get higher and higher if you don’t start paying your bill, which can eventually cause you to drain your account that you set aside. If you pay your bill on time though, you won’t have to worry about being hit with these types of charges. For those who have bad credit or need to start building MBT Sandals credit, a bank secured credit card is a great place to start. These cards can lead you to an unsecured credit card, providing you pay your bill on time. Almost all banks offer these credit cards, all you have to do is ask. Once you have kept your credit card in good standing for a period of time. You will have the satisfaction MBT Kaya in knowing that you are taking the right steps in mbt sport rebuilding your credit.

World Currencies (not All Countries are Listed)

World Currencies (not all countries are listed)

If every country had the same currency, the upper class would get bored, and so countries have different currencies (with some exceptions).

Listed alphabetically (by country/kingdom);

All countries using the ‘Euro’ are part of the EU, however, not all members of the EU use the Euro!

Afghanistan - Afhani
Albania - Lek
Algeria - Algerian dinar
Andorra - Euro
Angola - Kwanza
Antarctica - Norwegian krona
Argentina - Neuvo peso
Armenia - Dram
Australia - Australian dollar
Austria - Euro
Bangladesh - Taka
Barbados - Barbados dollar
Belgium - Euro
Botswana - Pula
Bouvet Island - Norwegian krona
Brazil - Cruzeiro Real
Bulgaria - Lev
Cambodia - Riel
Canda - Canadian dollar
Chile - Chilean peso
China - Yuan Renminbi
Colombia - Colombian peso
Costa Rica -  Costa Rican colón
Croatia - Kuna and Croation dinar
Cuba - Cuban peso
Cyprus - Euro
Czech Republic - Czech korona
Denmark - Danish krone
Dominica - East Caribbean dollar
Ecuador - US dollar
Egypt - Egyptian pound
El Salvador - US dollar
Estonia - Kroon
Ethiopia - Birr
European community - Euro
Falkland Islands - Falkland pound
Faroe Islands - Danish krone
Fiji Islands - Fiji dollar
Finland - Euro
France - Euro
Gambia - Dalasi
Georgia - Lari
Germany - Euro
Ghana - Cedi
Greece - Euro
Greenland - Danish krone
Guadeloupe - Euro
Guam - US dollar
Haiti - Gourde
Honduras - Lempira
Hong Kong - Hong Kong dollar
Hungary - Forint
Iceland - Icelandik kroná
India - Indian Rupee
Indonesia - Rupiah
Iraq - Iraqi dinar
Ireland - Euro
Israel - Shekel
Italy - Euro
Jamaica - Jamaican dollar
Japan - Yen
Jordan - Jordian dollar
Kenya - Kenyan shilling
Kiribati - Australian dollar
Kuwait - Kuwaiti dinar
Latvia - Lats
Lebanon - Lebanese pound
Liberia - Liberian dollar
Liechtenstein - Swiss Franc
Lithuania - Litas
Luxembourg - Euro
Macao - Pataca
Malaysia - Ringgit
Maldives - Rufiyaa
Mali - Malian Franc
Malta - Euro
Marshall Islands - US dollar
Mayotte - Euro
Mexico - Mexican new peso
Monaco - Euro
Mongolia - Tugrik
Morocco - Morrocan Dirham
Mozambique - Metical
Nauru - Australian dollar
Netherlands - Euro
New Zealand - New Zealand dollar
Nigeria - Naira
Niue -  New Zealand dollar
Norfolk Island - Australian dollar
Norway - Norwegian krone
Oman - Rial Omani
Pakistan - Pakistani Rupee
Palau - US dollar
Paraguay - Guarani
Peru - Philippines peso
Poland - New zloty
Portugal - Euro
Puerto Rico - US dollar
Réunion - Euro
Romania - Romanian Leu
Rwanda - Rwandan franc
Samoa - Tala
Saudi Arabia - Saudi Riyal
Sierra Leone - Leone
Singapore - Singapore dollar
Slovenia - Euro
Somalia - Somali shilling
South Africa - Rand
Spain - Euro
Sudan - Sudanese pound
Sweden - Swedish krona
Switzerland - Swiss franc
Thailand - Baht
Tonga - Pa’anga
Tunisia - Tunisian dinar
Turkey - New Turkish lira
Tuvalu - Australian dollar
Uganda - Ugandan shilling
Ukraine - Hryvna and Karbovanets
United Arab Emirates - UAE dirham
United Kingdom - Great British Pound
United States of America - US dollar
Uruguay - Uruguayan peso
Vanautu - Vatu
West Africa - West African Franc
Zimbabwe - Zimbabwe dollar

Source http://www.articlesbase.com/finance-articles/world-currencies-not-all-countries-are-listed-758419.html

7 Currency U.S. Dollar value is above

7 currencies - the following currencies U.S. dollar value above (according to the exchange ladder 20 November 2009), with the source: the source currency

1. Kuwait 1 Dinar = 3.5 U.S. $ = Rp 35,000
2. 1 Maltese Lira = 3.4 U.S. $ = Rp 34,000
3. 1 Bahrain dinar = 2.7 U.S. $ = Rp 27.000
4. 1 Omani Rial = 2.6 U.S. $ = Rp 26.000
5. 1 Cyprus pound = 2.5 U.S. $ = Rp 25,000
6. 1 Pound Sterling = 1.6 U.S. $ = Rp 16.000
7. 1 euro = 1.5 U.S. $ = Rp 15.000

* The value and rank above can change at any time *

source: http://www.kaskus.us/showthread.php?t=2799062

Google Currency Converter

This module allows you to display the Google Currency Converter in a module position.

The module makes use of the Currency Converter from Google Finance.

Note that Google did not release any API for the Google Currency Converter (There are some APIs for Google Finance, but not for the Google Currency Converter).

Live Demo

You can see a live demo of the Google Currency Converter by clicking the demo link above.

http://extensions.joomla.org/extensions/financial/currency-a-exchange/5795

WHY THE DOLLAR WORLD CURRENCY?

The first reason: the history of bringing dollars into international currency.

Starting from the Bretton Woods agreement after World War 2 whose effects are still felt to this day; agreement to use gold as a global standard currency value. At that time the economic situation of the world countries except the United States, destroyed by war. This causes them to rely on loans granted by the United States. This loan is given in the form of U.S. Dollars. As collateral, the American-owned gold received these countries. The result, America ruled the automatic gold in the world and it was only worth U.S. dollar backed by gold. In practical terms, this means the U.S. dollar has replaced gold as a source of liquidity into the global economy and world financial system basis. By implication, every country build reserves in the form of U.S. dollar; dollar reserves necessary for the country's currency can be exchanged with the corresponding dollar or gold. At this time is that the American currency becomes an international currency.

The second reason: the risk becomes an international currency

Not always be an international currency that have a positive effect on countries that have currencies that, in this case American countries with the dollar. Many negative effects that could hit the U.S. as their currency becomes an international currency. Some negative effects become an international currency, among others:
1. The country must maintain trust, which causes the country to have a tough task for the world.
2. If the owner of an international currency can not maintain a trust, it can cause the currency drop suddenly.
3. Will be more difficult to control liquidity

The third reason: not all that strong currency can become an international currency

To become an international currency needs a strong owner, in this case a strong state. Being a strong currency is not being able to become an international currency. This is because countries with currencies that do not necessarily have the economic and political stability is good. And to become an international currency, the country needs political and economic situation stable, because as an international currency is needed trust of the world for the world to use it.

For example, the currency of the country Iraq, the Dinar. Although the current dinar as one of the strongest currencies, but the Iraq situation is not stable, due to war, the conflict in the country, and its economy. This causes the world does not want to entrust the dinar currency to Iraq because even though it's strongest currencies, but not necessarily in the long run will be stable. Be unstable due to the intensified war-so or domestic conflicts which in turn can lead to impoverished countries and their currency fell to the weakest currency. Whereas the currency exchange and store it is a long-term activities, which required great trust of the world. This is because the U.S. dollar became the currency of the world believed that conditions can be predicted that the country will be stable in the long run.

Main Currencies World

Major world currencies and the Central Bank of each

In this chapter we will try to know some important currencies in the world include:

· United States Dollar (USD)

· Euro (EUR)

· British Pound Sterling (GBP)

· Swiss Franc (CHF)

· Euro Currency / Euro Dollar

Fig table major world currencies and their respective codes


U.S. Dollar or U.S. Dollar (USD)

U.S. Dollar became the world's major currencies since the end of World War II to the present. This is understandable since at that time the economy in the European countries devastated by war. although the U.S. participated in the war (both in Europe against Nazi Germany and in the Pacific against Japan). With an international conference on digelarnya exchange rate system which was held in Bretton Woods, New Hampshire United States in 1944, which designates the start of Fixed Rate System Exchance increasingly confirmed the role of the U.S. Dollar as the world's major currencies.

In the late 1960s and early 1970s Fixed Rate System Exchance as its implications on the U.S. Dollar is not back up a certain number of gold again. But because the size of the U.S. economy makes the currency will remain a world currency today. Travel time also shows the eyes of U.S. Dollar as the currency is stable enough even in a crisis though.

The Federal Reserve (Central Bank of the United States)

The federal reserve is better known as the "Fed" or "The Fed" is the United States central bank. The federal reserve was established in 1913 through the federal reserve act (legislation Central Bank of the United States).

The federal reserve adopt decentralized systems where there is a council called the federal reserve board which is located in washington and the twelve federal reserve banks in several states (state) in charge of a certain area has been set. Federal reserve Bank of Central Bank Governors chaired.

In 1923 established a committee called the open market investment committee (abbreviated OMIC) in charge of coordinating the operations of the 12 federal reserve banks. OMIC-member central bank governors of the federal reserve bank in New York, Philadhelpia, Cleveland, Chicago and Boston.

In the year 1930 OMIC replaced by the open market policy conference (OMPC). OMPC-member board of governors of the 12 federal reserve banks.

In 1935 legislation applies a new bank that changed the composition of the federal reserve system into its present form. At that moment also changed its name to OMPC the Federal Open Market Committee (FOMC). The name was used until now.

All members of the board of governors appointed by the president with the approval of the U.S. Congress. This makes the federal reserve have the independent system.


Euro (Currency Joint European Countries)

Euro currency was first launched in 1999 as the European single currency which replaces the 11 (eleven) European currency, namely:

• Frank Belgium / Belgian Franc (BEF)

· Mark German / Deutche Mark (DEM)

· Peseta Spanish / Espanol pesetas (ESP)

• Frank French / Frenc franc (FRF

· Punch Irish / Irish Punch (IEP)

· Lira Italy / Italian Lira (ITL)

• Frank Luxembourg / Luxembourg franc (LUF)

· Dutch guilder / Nenderland guilders (NLG)

· Shilling Austria / Austrian Shilling (ATS)

· Portugal Escudo / Portugesse Escudo (PTE)

· Mark Finnish / Finlandian Mark (FIM)

Euro was launched as an effort of European countries to create a single world currency that will rival the U.S. dollar.
At the time of the Euro currency was first launched at the same fixed currency exchange rate of each member state will adopt the euro to the euro currency. The exchange rate is fixed meaning will not change until all member states currencies converted into euros.

The European Central Bank (European Central Bank)

European Central Bank (ECB) was established on June 1, 1998 in the framework of the process of launching the European single currency is the Euro. European Central Bank was established to determine the monetary policy of countries that adopted the euro currency. To carry out the policy established the European System of Central Banks (ESCB). The agency who will manage the system of international payments, foreign exchange reserves of each member state, the circulation of money, etc..


Great Britain Pound Sterling / British Pound Sterling (GBP)

Before the second world war this currency is the world's major currencies. That countries in the world use it to conduct financial transactions and international trade. After the second world war his position was taken over by the U.S. Dollar. Because European countries including the UK destroyed by war. At that time the currency is GBP major currencies after the third world and Euro U.S. Dollar.

This currency most widely traded on the London exchange markets but are not traded in teralalu many American and Asian markets.

This currency Currency Petro also called for based on past price fluctuation, the movement is very sensitive to GBP movement of oil prices. In the forex market practice GBP Cable got the nickname taken from the telex machine used to make transactions.


Bank of England (Central Bank of Britain)

Bank of England is the central bank is considered less independent. This is because the policy set by the Bank of England may be replaced by the British government.

The best achievement of the bank of England in these days is to raise the exchange rate Pound Sterling. In the year 1991 in the UK inflation rate reached double digits, causing Pounds Sterling exchange rate down. But the effort is amazing the Bank of England can lift a pound sterling to a better value.


Japanese Yen / Japanese Yen (JPY)

Japanese Yen is one of the stronger currencies in the world and one of the currency most widely traded on world foreign exchange markets. Japan is one of the leading industrial countries in Asia and has a very strong position in international trade. But because Japan depends on the raw materials must be imported from outside the yen currency fluctuations are influenced by fluctuations in raw material prices and oil in the international market. Later Yen fluctuations related to the fluctuations in the index Nikkei, Japan's stock market index and the real estate market in the country.

Historically, Japan's economy experienced bleak times during the oil embargo of the early 70's. But at the time by the Iraqi takeover of Kuwait menyebkan Gulf war in 1992 did not affect oil prices in the event that the Japanese economy is not too affected. Yen highest recorded in April 1995 to achieve the same rate of 1 dollar to 80 yen. This can be achieved because the United States economic policies that seek to increase exports. With the value of a lower dollar is expected to increase the competitiveness of U.S. exports, compared to the same products made in Japan.

Bank of Japan (Bank of Japan)

Bank of Japan has kewenagan similar to the Fed (U.S. central bank). Only a central bank policy require the approval of the Japanese finance minister first dahulu.walaupun so it does not cause dependence trend of the Japanese government (through the minister of finance) to take advantage of the central bank to do unpopular policies such as printing money to finance the government budget that will ultimately lead to inflation.


Swiss Franc / Swiss Franc (CHF)

is a unique country. The uniqueness lies in the impartiality of the country in a conflict that has plagued the world. In the second world war, swiss is the only continental European country outside the axis of the German-Italian-Japanese who left the state free of the shaft (shaft countries, especially Germany does not have a master plan Switzerland). Switzerland is one European country other than the Soviet Union and the United Kingdom that is not controlled by the state at the time axis.

Banking in Switzerland is famous for customer service and confidentiality in negar atersebut. Banking in Switzerland is keeping secret the identity nasabahmereka. This inimenarik people from various countries to keep their funds in the country. Currently the Swiss economy is very closely related to the German economy.

Swiss Franc is the currency relatively stable. This is the impact of the impartiality of the country. Although its market share more ketch; stronger currencies than any other world but the Swiss franc is one currency that is liquid in the international forex market.

Bank of Switzerland (Swiss Central Bank)

Swiss Central Bank official is located in the city of Berne while the "Governing Board" is located in the Swiss city of Zurich. Switzerland's central bank has two branches with a "cash reserve" and the four branches without the "cash reserve". Tasks Swiss Central Bank, among others:

· Maintaining price stability (inflation rate)

· Providing an efficient payment system

· Maintaining the availability of money (money supply)

· To invest foreign exchange reserves have

· Maintaining financial system stability is

Dutch currency

view video reserve currency

Qatar Departer Prospects

Thinking about searching for an across job? Our assay shows that from a pay, amount of living, barter rate, superior of activity (hardship) and continued appellation bread-and-butter adherence perspective, Qatar is one of the best places in the apple for expatriates to live. Surprised? Able-bodied accede why we say this.

While the blow of the apple battles the advancing appulse of the all-around acclaim crisis, slowing economies, falling abode prices, falling banal markets, barter amount instability, a stronger US dollar and a bead in the oil price, Qatar stands out as getting able-bodied positioned to ride out the all-around storm bigger than most.

The State of Qatar’s citizenry has just afresh exceeded 1.5 actor humans (of which added than 1 actor humans are expats) afterwards several years of absurd bread-and-butter advance which fuelled the appeal for abilities and labor. Qatar is still almost baby compared to the UAE's citizenry of 4.7 million. The absolute absolute citizenry aural the State of Qatar, according to the Qatar Statistics Authority, as of 31st. Oct.2008 is 1,541,130 persons, fabricated up of 1,185,575 (77%) Males and just 355,555 (23%) Females, which is apocalyptic of the ample amount of unaccompanied macho departer workers in Qatar. Foreigners annual for some 78 per cent of the citizenry (compared to the UAE’s 84%); a lot of of the adopted workers in Qatar are from India, Pakistan, Bangladesh, the Philippines and Arab countries.

Qatar is oil rich, but what differentiates Qatar from added petroleum bearing countries is that the world's better gas acreage by far is Qatar's adopted North Field, estimated to accept 25 abundance cubic meters of gas in place—enough to endure added than 200 years at optimum assembly levels.

Due to the ambit from it’s markets, pipelines were not a applied advantage for Qatar. Over several decades the development of abounding accustomed gas processes meant limited gas fields became added and added viable. Abounding accustomed gas or LNG is accustomed gas (primarily methane, CH4) that has been adapted to aqueous anatomy for affluence of accumulator or transport. Abounding accustomed gas takes up about 1/600th the aggregate of accustomed gas at a stove burner tip. It is odorless, colorless, non-toxic and non-corrosive.

The costs of LNG analysis and busline were so huge in the accomplished that development was apathetic until contempo times. LNG is principally acclimated for alteration accustomed gas to markets, area it is regasified and broadcast as activity accustomed gas. LNG offers an activity body commensurable to petrol and agent fuels and produces beneath pollution, but its almost top amount of assembly and the charge to abundance it in big-ticket cryogenic tanks accept prevented its boundless use in bartering applications.

In the aboriginal 2000s, as added players took allotment in investment, both in after and upstream, and new technologies are adopted, the prices for architecture of LNG plants, accepting terminals and argosy fell, authoritative LNG a added aggressive agency of activity distribution, but accretion mateRiyal costs, abridgement of accomplished labor, curtailment of able engineers, designers, managers and added white-collar professionals and appeal for architecture contractors accept apprenticed up prices in the endure few years.

The bartering development of LNG is based on after buyers signing 20–25 year affairs with austere agreement and structures for pricing. Alone if the barter were accepted and the development of a greenfield activity accounted economically achievable do the sponsors of an LNG activity advance in their development and operation. As a aftereffect the LNG condensate business has been admired as a bold of the rich, area alone players with able banking and political assets can get involved.

Global LNG appeal is accepted to abound considerably. The International Activity Agency estimates that European imports of gas from Africa and the Middle East (mainly in the anatomy of LNG) will quadruple by 2030 (source: Economist, 14/4/07, p39). The better LNG alternation in operation anywhere in the apple is now in Qatar.

Qatar's better lender Qatar National Bank (QNB) is admiration that Qatar's abridgement will abound by a added 26 percent in 2008.

Qatar’s gross calm artefact (GDP) at purchasing ability adequation (PPP) per capita, the amount of all final appurtenances and casework produced aural a nation in a accustomed year disconnected by the boilerplate (or mid-year) citizenry for the aforementioned year is USD$85,638, which makes Qatar the wealthiest nation in the apple according to the International Monetary Fund Apple Bread-and-butter Outlook Database as at October 2008.

Added to the wealth, anticipation continued appellation bread-and-butter growth, departer bacon levels in Qatar are accounted to be college than a lot of added Gulf States in US Dollar terms. Added acceptable account for expats in Qatar (for now) is that the Qatar Riyal is anchored adjoin the US Dollar. The about deepening of the US Dollar adjoin a lot of currencies translates to a deepening of the Qatar Riyal. Amid July and December 2008 the barter amount has confused acerb in the favor of expatriates for a lot of currencies. According to the bill website Oanda the afterward currencies attenuated adjoin the Qatar Riyal amid 1 July 2008 and 1 December 2008, consistent in increases in agreement of home bill for expats alive in Qatar of:

Currency Calculator - Small Part Of The Big Picture

When utilising the Forex marketplace, there are specific instruments that you can include to make use of to craft your speculation decision and one of them, an essential tool, is of course a legal tender converter. The legal tender converter assists you to describe the swap rates on the currencies that you are dealing with on the paper traffic. In fiscal terms, the exchange rate, which is also recognized as the foreign exchange rate, identifies how to a great extent a single legal tender is valued when compared to additional based on monetary and pecuniary situations.

The currency calculator will purely just decipher one currency's price to a different one, and from that computation you are capable to outline how much your product is valued and how greatly you want to operate. Let us chatter a fragment further on exchange rates, which shape the foundation for the currency converter. In quintessence, it is the worth of a nation's legal tender and it is the figures you perceive on cash converters, depositories and public houses all over the globe.

But this of course is just a small part of the big picture, as the Forex market is a large arena of dynamic factors and principles that you need to know about when trading. One of things you need to know about is the Global Markets Number Currency, a very important part on calculations and finding the right integers necessary for you to gain a foot hold in the market. One of the most important things you also need to understand is how investors all over the world leverage the market, and the basic integer of this is the initial margin that the Forex broker has given you.

This can be anywhere from 10 to 100 percent, and some financial institutions and specialised banks will even offer you a higher margin. This is the leverage that you get to play around with the market at length. And this is what separates the Forex market from other commodity markets all over the world. The stock market only gives about a 1:1 margin ration and the equity market is only double them. Only in Forex market can you receive a real high margin, which allows you control a lot of currency on the paper trade but with little cash. And the good thing is , you do not risk anything more than your initial margin.

The Forex market is all about awareness and the thing is, many investors are woefully unarmed when it comes to knowing the market. You need to be able to understand and dive into the market psychology and with this you will be able to aptly predict market movements and where currencies are going. Learn and study the market and all the factors you need to know; including fundamental and technical analysis necessary to manipulate the load of information coming through the market. With this, and basic items like the currency calculator, you can make informed decisions and corner the market.

John H. Anderson is a specialist in Forex Trading with more than a decade of experience. He owns Trade-currency.org where he provides his Forex Trading Review !

Click here to get your "Master Plan of The Forex Millionaires" FREE !

Forex Calculator - Euros to Dollars Conversion

If you are abbreviate of a acceptable bill barter calculators for you business, travel, and added wishes, there are absolutely a few you can accept from. There are a bulk of adopted barter calculators to accommodated anniversary charge imaginable. The ambush actuality is for you to be able of award the one the meets your need.

If you have to a fast and simple agency to converting any bill to addition actuality are some adopted barter calculators you will ambition to consider.

Shortlist Bill Calculators ? These is a calculator which has admission to the above currencies in the world. Euros to dollars conversion

These calculators are adapted consistently by their hosts and accommodate appealing authentic conversions of currencies such as US dollars ( USD, Euros ( EU Buck ), Australian cash ( AUD ), and the Japanese Yen ( JPY ). If you accord in these currencies, and some added accepted currencies again this calculator will answer for you.

Longform Bill Calculators ? If you ambition to accord in a beyond array of currencies again the Longform Bill Calculator is for you. These calculators are, except for getting adapted with the a lot of contempo ante of the a lot of able-bodied admired currencies, are aswell able of alteration even the majority of the bottom accepted currencies around.

These calculators about accord with 50 currencies.

Aside from just assuming after conversions from one bill to another, these History Calculators aswell abundance in a appropriate database actual abstracts apropos a currency.

This is abundant for those that barter currencies or ambition to apperceive how a bill is currently faring at the market. If you, for any reason, ambition to analysis the adopted barter amount of a assertive bill on a accustomed accomplished date, the History Calculator can get you your advice in a jiffy.

Most History Calculators are adapted circadian and accommodate abundant abstracts for months. When allotment a bill calculator, you may additionally ambition to accede those that amend automatically abounding times a day.

It about arranges ante and conversions of assorted currencies in a cast that permits for simple comparison.

This affectionate of calculator is a adjustable alternative of the crossrate abstracts a lot of banking newspapers carry.

These are actual accessible for those consistently on the go.

A alternative of this calculator works by accepting bill calculations based on the catechism beatific by the adaptable subscriber. This blazon of calculator works able-bodied for active association absent a fast advertence anytime, anywhere.

More About Adaptable Bill Converters

Mobile Technology and Internet Access

There are several companies that accommodate bill converters for adaptable devices. The use of corpuscle phones has become ancient in areas with adaptable service. Smart phones and Blackberries acquiesce the user to admission the internet and accomplish about any action. A lot of of the apple has been quick to accept adaptable technology and adaptable accessories accept afflicted the way humans acquaint and do business.

WorldMate Live Bill Advocate For Blackberry

In antecedent online writing we accept acicular out the assorted uses of cellular accessories and accurately bill converters. Adaptable bill converters acquiesce the user to account affairs in a lot of currencies. For Blackberry users WorldMatelive offers a chargeless bill about-face application. The WorldMateLive bill advocate can be accessed at App Apple and takes about 10 account to download. After the download WorldMate Live takes about 3 account to install. The bill advocate has the adequacy to account affairs in 160 apple currencies. WorldMate Live aswell provides all-around acclimate reports, allegory archive for accouterment sizes, and an beat organizer.

WorldMate Live for Other Phones

In accession to the Blackberry appliance WorldMate Live aswell provides a agnate bill advocate for the afterward phones; Samsung Blackjack, Motorola Q, or a PDA with windows adaptable software. The appliance is chargeless and can be accessed at worldmate.com and takes about 10 account to download.

The aCurrency Converter

For those with a T Adaptable buzz the aCurrency bill advocate is accessible for download from the Android Market. This bill advocate covers 160 currencies. Every time the bill advocate is opened it automatically updates the latest bill barter rates.

The ACT Bill Converter

For iPhone users the ACT Bill all-around bill advocate is accessible from the iTunes App Store. This bill advocate covers 190 currencies and is adapted by hitting the brace button. The ATC bill advocate costs $1 which is awfully inexpensive.

While these bill converters are advised with the day-tripper in apperception they could calmly be of use to bill traders who charge to analysis bill barter ante generally throughout the day and may not accept actual admission to a computer.

THE FASCINATING HISTORY OF WORLD CURRENCY, FROM ANTIQUITY TO THE PRESENT DAY

From national currencies to the universal currency

Money is the only human invention capable of embodying both dreams and reality in an indissoluble bond; it is the abstract distributor of hope and a concrete means of controlling the lives of human beings and nations.
From its first appearance in the Near East in the form of shiny little metal spheres, money has long been entrusted with the fates and fame of great kings, such as King Croesus (hence the saying, “as rich as Croesus”). The same is true of cities famous beyond the borders of the known world at that time: Athens, Corinth, and Aegina. In a world that measured time against the ancient Olympic games, the Croesus coins, Athenian Owls, Pegasus coins, and Aegean Turtles united different peoples in bonds made permanent by economic interests, often backed up by military force.

This period was doomed to be short, flames that soon died out under the ashes of time. With his seemingly unstoppable army, Alexander the Great, had managed to create and implement a single monetary system in Greece, Asia Minor, Syria, Egypt, Babylonia and beyond, which was well organised into three metals (gold, silver and bronze) with coins of identical weight and type for people who were very different from one another. Yet even this dream of his floundered on the banks of the Euphrates river at the end of spring 323 BC. After Alexander’s death, the political break-up of the territories he had conquered led to the unravelling of a monetary system that had not had enough time to grow deep roots in Asia.

Events took a different turn with Rome. The unification of Roman territories, with political and administrative control of provinces in Europe, Asia and Africa, ensured that conditions were in place for Roman currency to become implemented in systematic, profound manner in every corner of the vast Empire. First there were denarii, aurei and later sestertia; these became the tangible sign of a strong, well-organised central power able to control and unify highly diverse territories, cultures, economies and social fabrics. The Legions of the Roman Republic brought the silver denarius bearing the head of the Goddess Roma to newly conquered lands. Subsequently, Roman magistrates were sent by the Roman people and Senate or Emperor (as was the case) to ensure that a well-organised society (where even old, local coins could still be used for minor daily errands) would be centered on Roman currency. This situation held strong for over seven centuries, thanks to a dynamic power that survived pressure from the Barbarians and the transfer of Imperial insignia to Constantinople in 476 AD.
Indeed, the gold solidus (or Byzantine coin) – a pure metal coin created by Constantine in the early 4th century AD in order to reverse the free fall of the old, glorious yet unsalvageable denarius, continued to function as an international currency. However, the times had changed for good. It was no longer the unifying authority of a strong State that guaranteed the currency’s success; it was the “faith” of different peoples and market mechanisms, rather than political rule, that did so.
Thus the Byzantine coin continued to perform its role along ancient Mediterranean routes, making its way through the dark Middle Ages and imitated by Goths, Lombards, Arabs and Normans alike.
Meanwhile, Europe began breaking up into thousands of small territories controlled locally by castles and monasteries, until the time of Charlemagne.

Under the Carolingian Empire, the European continent returned to conditions which enabled the relaunch of a high Medieval European “single currency”, as we would label it today: the silver denier. Although different in weight and alloy, and tied to a pound of around 400 grams (of which it was worth 240 parts), this new currency remained based on the old Roman system of the silver denarius. However, as with the Roman denarius, the Carolingian denier was also destined to lose weight and intrinsic quality - to devalue - over time.
By the era of the Italy of Communes and great maritime republics, the gold ducats of Genoa, Florence and Venice were reigning in the market places of Europe and the entire Mediterranean basin (conquering the markets of Levant). The old silver Carolingian denier had already gone down other roads, in the various districts in which it had taken root. All later attempts to revive the denier were in vain.

History seemed to repeat itself. Like the ancient Greek Polis, so the Italian Communes, which were only formally tied to the Empire, in the absence of a strong centralised power, attempted to organise themselves territorially by forming monetary ties: between 1230 and 1250, Pisa, Siena, Lucca, Florence and Arezzo; and in 1254, it was the turn of Cremona, Bergamo, Brescia, Piacenza, Tortona, and Pavia. In short, the Communes sought local agreements to solve the historical problem of numerous different currencies.

However, the geographical discoveries of the 15th century, influx of a large amount of precious metals to Europe, the opening of new mines, and more rational, modern exploitation of ancient metal veins, would soon lead to the radical transformation of the social and political fabric of Europe, whose financial and market centers attempted by all means possible to withstand the weight of competition that was increasingly tougher to face. To counter the lack of coins, existing credit systems were refined. Soon, bills of exchange became a safer instrument for bankers and merchants of the time.

The world had changed dramatically since the time of the ducats issued by Italian cities (Florins, Genoese and gold zecchino coins, the undisputed lords of international trade). Now, under the powerful shadow of Charles V, a new French gold currency, the écu au soleil or “Sun above the crown” enjoyed conditions in which to reign. Specifically, seven nations united in an agreement of sorts which led them to issue “scudo” coins whose weight and alloy were very similar: France, Spain, Genoa, Venice, Florence, Rome and Naples.
In essence, this heralded the first single international currency of the modern age.

More than two centuries later, France again gave birth to a new currency that would radically alter the monetary systems of the countries across Europe, particularly Italy, that adopted it. Named the Franco-Lira, with a centesimal subdivision, it originated during the French Revolution and was exported under Napoleon’s conquest of new lands.
From 1861 on, the Lira (divided into 100 cents) became the single currency of a unified Italy. Just a few years later, at a memorable session held on 23rd December 1865 in Paris, Italy, France, Switzerland and Belgium (later joined by Greece) signed an agreement which foresaw the adoption of a single currency, based on gold and silver divisions, which could circulate freely in the signatory countries, known as the Latin Monetary Union.

This was the first step towards simplifying means of payment, something which could be delayed no longer in a world that was bound increasingly by common economic and trade interests.
In 1871, the Confederation of Germanic States adopted the gold standard for its own monetary system. In 1873, Denmark signed a monetary agreement with Sweden which would later include Norway (in 1875). In 1892, Austria and Hungary also adopted a gold-standard monetary system.

Nonetheless, this too was abandoned in the 1930’s and 1940’s by all signatory countries: France, Belgium, the Netherlands, Switzerland, Poland and Italy, known as the “gold bar” countries.
What modern nation states required was a new platform for exchange that respected national sovereignty. For today’s Europe, this platform is the Euro.

Yet global market mechanisms are knocking at the door: the boundaries that divide us today will seem too narrow for tomorrow’s generation. Old national currencies will seem a relic from the past. And the utopia of a universal currency will become reality.

Silvana Balbi de Caro

referrence :http://www.futureworldcurrency.com

In a World Economy, One Currency to Rule Them All, Could the World be in Trouble?

The biggest expanding country in the world could be the biggest threat to the world economy. China has a growing list of superiority, including a fifth of the world's population, one of the largest countries in land mass, and the largest standing army just to mention a few. Its current government is only a little over a half of a century old, but has already been climbing to the top of the food chain; in terms of its economy. The state of its economy has been growing at an incredible rate over the years, landing at the second largest exporter and third largest importer of goods. China has always been one of those countries that are always in the news, both being presented as a positive and negative state in the world economy. Living in a tough time and a declining economy, who will come out on top?

We are living in a world economy and what happens in other parts of the world directly and/or indirectly affect the rest of us, whether we like it or not. With other countries' economies falling apart, eventually something will have to happen that will stabilize this event. The U.S. Dollar has been stable during this decline so far, even gaining strength against other currencies but so has the Chinese Yuan. In terms of money and the exchange of money, most countries have an amount of U.S. Dollars in some form; it's on its way to being a world currency. The only thing that is in its way is the Chinese Yuan.

If the Chinese economy is compared to historic events, it does resemble the United States' economy during the Industrial Revolution. If they stay on this track, that would lead them to become the most powerful country on the map. The difference now is technology. During the 18th century, there was the introduction of steam energy, today we have nuclear power. An economy growing at the rate of China's, people and businesses look forward to doing business there instead of other places. The costs of labor is cheaper and let's face it, they have the labor force to complete the job. This is great for China, but hurts other countries; jobs are outsourced and so is manufacturing. More money is being invested in their country, leaving room for expansion while other countries are at a standstill. The technology aspect can makes them a force to be reckoned with.

All this growth makes the Yuan more appealing. If other currencies decline in value, we can see a future with a world currency. The obvious choice for this currency is the U.S. Dollar; it's already being used in this way just not official. So what's the problem? The U.S. economy is not so great right now and the government is spending money like there's no tomorrow, but there is a tomorrow. The Dollar could also implode in the next few years and the Yuan is gaining in value against it. So what's the big deal? We do live in a world economy, not everything has to be in favor of the free world. The Chinese government, socialist republic ruled by Communist, and most of the world is against this form of government. If we can learn anything from history, Communist don't usually get along with most other forms of government. If they control the world currency, are expanding beyond everyone else, advancing in technology, ruled by Communist, and oh yea have the largest standing army in the world sounds like a formula for disaster.

China is a great place for expanding a business or getting cheaper labor, but at what cost in the end. Leaders have been known to get power hungry and run government in a way that is great for them and not the people they are ruling. When failing governments look for help, China can help in big ways, but China's history is a little all over the place with change of power. An unstable government in control of the world's assets smells like trouble.

Not saying this will happen, just making sure everyone is looking at all the possibilities. The world is changing; let's make sure it goes in the right direction. If we look back at history, we can see it has a habit of repeating itself. Great nations rise and fall, times of war and peace, but when the dust settles a leader rises up; hopefully for the world it is the right person for the position. Investing in China and reaching for their hand in help, is looking better more than ever and it is helping those struggling through this tough time. But we should make sure not all of the help and investments are in one area. Just like investing on Wall Street, if you put everything you have in one stock and that company folds up your portfolio is worth nothing. Let's be smart about where our future is going.

Forex Currency Exchange: the Quick Way to Profits

Forex Currency Exchange presents a tremendous opportunity to make money and create real wealth. Unfortunately, just like any other skill, it takes time to learn. Let's look at why this is, and what you can do to go from zero to profits as fast as possible.

Everybody Wants To Be A Black Belt

I remember when I was a kid, I wanted to be a master Martial Artist. We looked at all the karate actors like Bruce Lee and Chuck Norris and said, " I want to be a karate master like them!" But as we soon found out, wanting something and actually do it are two very different things.

The fact is, to become a master at anything requires dedication, training and skill. This is also true when investing in the Forex Currency Exchange. Your wish to be an accomplished Forex trader might be strong... how much are you prepared to do to make your dreams come true. (How many of you wanted to be Black Belts and actually did it?)

Learning Forex Currency Exchnage Takes Time

As soon as you try to learn Forex Currency Echange you'll realize everyone talks a different language. There are lots of industry related terms to learn. And while I have no doubt you can learn what you need to be successful over time... it will take some time.

In my situation, learning Forex by studying books, taking courses or learning it by trial and error was not what I was looking for. I have other things going on in my life I need to do to keep the money coming in. Furthermore, I want to be able to have the free time need to enjoy all the money I make as well! So, even if I did learn everything there was to know about currency exchange, I wouldn't be able to put it into action and really profit from it.

Automatic Forex Currency Exchange

While this may sound like something from a Sci-Fi movie, there is a way to take advantage of the Forex Currency Exchange opportunity without spending a lot of time learning or implementing Forex trading. There are computer scripts that trade for you according to the way they are programmed by the creators.

This is fantastic because you can actually be up and running (and profiting) in the Forex Market in a few minutes. The EA (Expert Advisor) computer script is attached to a trading platform like Metatrader4, and then it monitors the market and makes the trades for you. (While I always recommend testing everythng you do in a Demo account first, you could conceivably be trading your very first day, even as a complete beginner).

The other reason I prefer automatic Forex robots is because they are better than humans. They trade on preset indicators and market conditions, not emotion. This kind of systematic trading is exactly what you need to consistently make more winning trades than losing trades and make a huge fortune over time. No one is perfect, from the 20 year expert trader to the most advanced robot, but there are some robots that can make 90-95% winning trades on a consistent basis.

If you want to take advantage of Forex Currency Exchange and secure your financial future, and you want to get started fast, I suggest you use a proven Forex robot.

International Cost of Living Trends 2009

The objective of expatriate pay programs is to ensure that employee spending power and standard of living is maintained irrespective of global location. How to achieve this has been an issue many organizations spend considerable time on.

Exchange rates are volatile as they are based on short-term factors and are subject to substantial distortions from speculative movements, economic outlook and government interventions. In the short term, exchange rates, even when averaged over a period of time such as a year, are not a good measure of the comparative value of a salary in relation to its comparative international purchasing power. In the short to medium term at least, apparent changes in the comparative level of remuneration between one country and another may be principally a function of changes in the exchange rate.

A far better measure is salary purchasing power parity (SPPP) which is the amount of salary that equalizes the purchasing power of different currencies given the relative cost of the same basket of goods (cost of living) at the exchange rate versus one US Dollar. This means that a given salary, when converted into different currencies at the SPPP rates, will buy the same basket of goods and services in all countries.

The basket of goods and services used in SPPP calculations is derived on an International basis and includes certain items often excluded from expatriate cost of living data (most notably housing costs), however any or all of the 13 basket groups can be included or excluded from a calculation. SPPP's provide a reasonably good picture of the differences in standards of living for individual's resident and paid in different countries.

Internationally comparable data is crucial to forming sustainable expatriate pay policies and monitoring progress. Market exchange rates give misleading comparisons because they do not reflect salary purchasing power differences. Salary Purchasing Power Parities account for price differences between countries and so measure real quantities.

The ongoing impact of the credit crisis, slowing global economies, falling house prices, global stock market and exchange rate volatility, together with the US dollar and Euro strengthening against most currencies are all factors contributing to a major change in relative salary purchasing power, which can be seen from the global cost of living rankings as at January 2009.

London has already dropped from the most expensive place for expats to live to now rank 6th. New York has dropped to 50th but is now expected to begin to climb back up the ranking as the global recession impacts other parts of the world. Tokyo has reclaimed the title of the most expensive place in the world for expats in terms of salary purchasing power relative to all other international locations.

The salary purchasing power parity rank comprises cost of living indexes for each of 276 global locations. The indexes are calculated using the prices for specific quantities of the same goods and services in each location, based on expatriate spending patterns across 13 broad categories (Basket Groups).

The latest salary purchasing power parity ranking, together with the overall cost of living index, sourced from www.xpatulator.com as at January 2009 is as follows:

Rank Location (Overall Cost of Living Index New York=100)

1.Japan, Tokyo (126.03)
2.Norway, Oslo (123.74)
3.Denmark, Copenhagen (121.11)
4.Switzerland, Geneva (119.59)
5.Brazil, Brasilia (118.53)
6.United Kingdom, London (118.23)
7.Greenland, Nuuk (117.14)
8.Switzerland, Zurich (116.18)
9.Hungary, Budapest (114.36)
10.Russia, Moscow (113.41)
11.Nigeria, Lagos (112.69)
12.Ireland, Dublin (112.65)
13.New Caledonia, Noumea (112.43)
14.France, Paris (112.38)
15.Chad, N'Djamena (111.3)
16.Italy, Milan (111.19)
17.Cameroon, Douala (111.06)
18.Liechtenstein, Vaduz (110.89)
19.San Marino, San Marino (110.78)
20.Monaco, Monaco (109.83)
21.Czech Republic, Prague (109.81)
22.Austria, Vienna (109.68)
23.Slovakia, Bratislava (109.31)
24.Isle of Man, Douglas (108.97)
25.Poland, Warsaw (107.63)
26.Bermuda, Hamilton (107.53)
27.Italy, Rome (107.29)
28.Finland, Helsinki (107.07)
29.Australia, Sydney (106.52)
30.USA, San Francisco Calif (104.53)
31.Cote D'Ivoire, Abidjan (104.4)
32.Venezuela, Caracas (104.02)
33.China, Hong Kong (103.43)
34.United Arab Emirates, Dubai (103.36)
35.Croatia, Zagreb (103.29)
36.Angola, Luanda (103.27)
37.Belgium, Brussels (103.19)
38.Netherlands, Amsterdam (102.33)
39.Jersey, Saint Helier (102.24)
40.Papua New Guinea, Port Moresby (102.22)
41.Korea Republic of, Seoul (101.94)
42.Iceland, Reykjavík (101.66)
43.Ukraine, Kiev (101.2)
44.Guernsey, St Peter Port (100.68)
45.Qatar, Doha (100.64)
46.Central African Republic, Bangui (100.58)
47.Spain, Madrid (100.26)
48.USA, San Jose Calif (100.13)
49.Falkland Islands, Stanley (100)
50.USA, New York NY (100)
51.Sweden, Stockholm (99.76)
52.USA, Boston Mass (99.63)
53.Cameroon, Yaounde (98.84)
54.Mali, Bamako (98.74)
55.Benin, Cotonou (98.6)
56.Germany, Berlin (98.18)
57.Micronesia, Palikir (97.98)
58.Gabon, Libreville (97.77)
59.Canada, Toronto (97.39)
60.Germany, Bonn (96.38)
61.Vatican City, Vatican City (96.23)
62.Australia, Melbourne (95.88)
63.Australia, Canberra (95.88)
64.Estonia, Tallinn (95.08)
65.Turkey, Ankara (94.87)
66.Singapore, Singapore (94.6)
67.Guinea-Bissau, Bissau (94.24)
68.USA, Los Angeles Calif (93.93)
69.Palau, Melekeok (93.85)
70.Luxembourg, Luxembourg (93.77)
71.Canada, Vancouver (93.48)
72.Portugal, Lisbon (92.84)
73.Australia, Perth (92.82)
74.Germany, Frankfurt (92.81)
75.Azerbaijan, Baku (92.76)
76.Gibraltar, Gibraltar (92.33)
77.Comores, Moroni (92.04)
78.USA, Washington DC (91.8)
79.USA, Philadelphia Pa (91.49)
80.Nauru, Yaren (91.16)
81.Kazakhstan, Almaty (90.99)
82.Bahrain, Manama (90.82)
83.USA, San Diego Calif (90.7)
84.Bahamas, Nassau (90.63)
85.Togo, Lome (90.11)
86.Taiwan, Taipei (90.07)
87.Haiti, Port-au-Prince (90)
88.Senegal, Dakar (89.57)
89.Saint Helena, Jamestown (89.26)
90.USA, Baltimore Md (89.25)
91.United Kingdom, Glasgow (88.88)
92.Djibouti, Djibouti (88.45)
93.Niger, Niamey (88.38)
94.Zambia, Lusaka (88.36)
95.USA, Seattle Wash (88.3)
96.Andorra, Andorra la Vella (88.13)
97.Vietnam, Hanoi (88.03)
98.Tonga, Nuku'Alofa (87.34)
99.Gambia, Banjul (87.23)
100.United Arab Emirates, Abu Dhabi (87.16)
101.Cayman Islands, George Town (86.81)
102.Sudan, Khartoum (86.64)
103.Greece, Athens (86.59)
104.Barbados, Bridgetown (86.5)
105.USA, Portland Ore (86.1)
106.Sierra Leone, Freetown (85.92)
107.Equatorial Guinea, Malabo (85.89)
108.USA, Chicago Ill (85.73)
109.Romania, Bucharest (85.55)
110.USA, Miami Fla (85.54)
111.Marshall Islands, Majuro (85.41)
112.Cyprus, Nicosia (85.26)
113.Malta, Velletta (84.99)
114.Moldova, Chisinau (84.89)
115.Ghana, Accra (84.89)
116.United Kingdom, Birmingham (84.76)
117.Canada, Montreal (84.37)
118.Algeria, Algiers (84.01)
119.Israel, Jerusalem (83.82)
120.Australia, Brisbane (83.29)
121.Burkina Faso, Ouagadougou (82.92)
122.Lebanon, Beirut (82.74)
123.Jordan, Amman (82.41)
124.Guinea, Conakry (82.16)
125.Jamaica, Kingston (82.11)
126.Philippines, Manila (82.07)
127.Georgia Republic of, Tbilisi (82.03)
128.Congo Democratic Rep, Kinshasa (81.84)
129.Seychelles, Victoria (81.78)
130.Indonesia, Jakarta (81.76)
131.USA, Las Vegas Nev (81.75)
132.Lithuania, Vilnius (81.67)
133.Vanuatu, Port Vila (81.35)
134.Grenada, Saint George's (81.23)
135.Trinidad and Tobago, Port-of-Spain (81.13)
136.Mozambique, Maputo (80.82)
137.New Zealand, Auckland (80.71)
138.Samoa, Apia (80.64)
139.Congo, Brazzaville (80.14)
140.Armenia, Yerevan (80.13)
141.Albania, Tirana (80.1)
142.Martinique, Fort-de-France (80.09)
143.Latvia, Riga (79.92)
144.Thailand, Bangkok (79.86)
145.Sao Tome and Principe, Sao Tome (79.79)
146.USA, Denver Colo (79.74)
147.China, Beijing (79.73)
148.Fiji, Suva (78.99)
149.Slovenia, Ljubljana (78.85)
150.Canada, Ottawa (78.82)
151.Tuvalu, Funafuti (78.78)
152.Myanmar, Yangon (78.51)
153.Puerto Rico, San Juan (78.49)
154.Kenya, Nairobi (78.4)
155.USA, Phoenix Ariz (78.26)
156.Mauritius, Port Louis (78.25)
157.Madagascar, Antananarivo (78.24)
158.USA, Tampa Fla (78.22)
159.Serbia, Belgrade (78.13)
160.Kiribati, South Tarawa (78.06)
161.Guam, Hagatna (77.8)
162.Brunei, Bandar Seri Begawan (77.72)
163.Uruguay, Montevideo (77.41)
164.Colombia, Bogota (77.23)
165.USA, Atlanta GA (76.99)
166.Morocco, Rabat (76.93)
167.USA, Milwaukee Wis (76.77)
168.Paraguay, Asuncion (76.49)
169.Mexico, Mexico City (76.13)
170.USA, Columbus Ohio (76.06)
171.India, Mumbai (76.04)
172.Tanzania, Dar es Salaam (76)
173.Solomon Islands, Honiara (75.93)
174.USA, Cleveland Ohio (75.84)
175.USA, Detroit Mich (75.74)
176.Liberia, Monrovia (75.63)
177.USA, Austin Tex (75.57)
178.USA, Dallas Tex (75.47)
179.USA, Jacksonville Fla (75.47)
180.Australia, Adelaide (75.39)
181.Kuwait, Kuwait City (75.22)
182.Bulgaria, Sofia (75.14)
183.Saudi Arabia, Riyadh (75.08)
184.USA, Pittsburgh Penn (74.54)
185.Timor-Leste, Dili (74.29)
186.Iran, Tehran (74.24)
187.USA, Indianapolis Ind (74.13)
188.USA, Fort Worth Tex (73.64)
189.Somalia, Mogadishu (73.49)
190.Maldives, Male (73.48)
191.USA, Charlotte NC (73.47)
192.USA, Houston Tex (73.36)
193.Chile, Santiago (73.01)
194.Mauritania, Nouakchott (72.99)
195.Botswana, Gaberone (72.86)
196.Cape Verde, Praia (72.81)
197.USA, El Paso Tex (72.61)
198.Uganda, Kampala (72.25)
199.Afghanistan, Kabul (72.13)
200.Antigua and Barbuda, Saint John's (72.04)
201.USA, St Louis MO (71.93)
202.Malaysia, Kuala Lumpur (71.82)
203.Peru, Lima (71.7)
204.Korea Democratic Republic of, Pyongyang (71.62)
205.Kosovo, Pristina (71.55)
206.India, New Delhi (71.4)
207.Belarus, Minsk (71.28)
208.Malawi, Lilongwe (71.24)
209.Saint Kitts and Nevis, Basseterre (71.07)
210.USA, Memphis Tenn (71.02)
211.India, Chennai (70.76)
212.Kyrgyzstan, Bishkek (70.29)
213.Burundi, Bujumbura (70.07)
214.Macedonia, Skopje (70.02)
215.USA, San Antonio Tex (70.02)
216.Guatemala, Guatemala City (69.74)
217.Honduras, Tegucigalpa (69.57)
218.Saint Vincent and the Grenadines, Kingstown (69.5)
219.Canada, Calgary (69.46)
220.India, Calcutta (69.31)
221.India, Hyderabad (68.85)
222.Dominica, Roseau (68.79)
223.Rwanda, Kigali (68.75)
224.Panama, Panama City (68.58)
225.Guyana, Georgetown (68.58)
226.China, Shanghai (68.48)
227.Syria, Damascus (67.99)
228.Montenegro, Podgorica (67.75)
229.Laos, Vientiane (67.43)
230.Ethiopia, Addis Ababa (66.87)
231.Cuba, Havana (66.61)
232.Belize, Belmopan (66.33)
233.Nicaragua, Managua (65.89)
234.Nepal, Kathmandu (65.67)
235.Dominican Republic, Santo Domingo (64.93)
236.Tunisia, Tunis (64.87)
237.Suriname, Paramaribo (64.75)
238.India, Bangalore (64.56)
239.South Africa, Johannesburg (64.51)
240.Costa Rica, San Jose (64.47)
241.Egypt, Cairo (64.18)
242.El Salvador, San Salvador (63.34)
243.Swaziland, Mbabane (63.11)
244.Mongolia, Ulaanbaatar (62.85)
245.South Africa, Pretoria (62.71)
246.Oman, Muscat (61.61)
247.Saint Lucia, Castries (61.2)
248.Pakistan, Lahore (59.48)
249.Tajikistan, Dushanbe (59.25)
250.South Africa, Cape Town (58.99)
251.Namibia, Windhoek (58.89)
252.Sri Lanka, Colombo (58.51)
253.Pakistan, Islamabad (58.33)
254.Iraq, Baghdad (58.25)
255.Pakistan, Karachi (57.72)
256.Lesotho, Maseru (57.49)
257.Argentina, Buenos Aires (57.46)
258.Bangladesh, Dhaka (57.03)
259.Bhutan, Thimphu (56.78)
260.Bolivia, La Paz (56.66)
261.China, Macao (56.41)
262.South Africa, Durban (56.07)
263.Bosnia and Herzegovina, Sarajevo (54.35)
264.Ecuador, Quito (53.83)
265.Uzbekistan, Tashkent (53.03)
266.Libya, Tripoli (52.74)
267.China, Shenzhen (51.65)
268.Eritrea, Asmara (50.72)
269.China, Dalian (50.54)
270.China, Wuhan (49.93)
271.China, Guangzhou (47.28)
272.Cambodia, Phnom Penh (45.65)
273.Yemen, Sanaa (45.6)
274.Turkmenistan, Ashgabat (38.77)
275.China, Tianjin (29.5)
276.Zimbabwe, Harare (17.12)

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In a World Economy, One Currency to Rule Them All, Could the World be in Trouble?

The biggest expanding country in the world could be the biggest threat to the world economy. China has a growing list of superiority, including a fifth of the world’s population, one of the largest countries in land mass, and the largest standing army just to mention a few. Its current government is only a little over a half of a century old, but has already been climbing to the top of the food chain; in terms of its economy. The state of its economy has been growing at an incredible rate over the years, landing at the second largest exporter and third largest importer of goods. China has always been one of those countries that are always in the news, both being presented as a positive and negative state in the world economy. Living in a tough time and a declining economy, who will come out on top?

We are living in a world economy and what happens in other parts of the world directly and/or indirectly affect the rest of us, whether we like it or not. With other countries’ economies falling apart, eventually something will have to happen that will stabilize this event. The U.S. Dollar has been stable during this decline so far, even gaining strength against other currencies but so has the Chinese Yuan. In terms of money and the exchange of money, most countries have an amount of U.S. Dollars in some form; it’s on its way to being a world currency. The only thing that is in its way is the Chinese Yuan.

If the Chinese economy is compared to historic events, it does resemble the United States’ economy during the Industrial Revolution. If they stay on this track, that would lead them to become the most powerful country on the map. The difference now is technology. During the 18th century, there was the introduction of steam energy, today we have nuclear power. An economy growing at the rate of China’s, people and businesses look forward to doing business there instead of other places. The costs of labor is cheaper and let’s face it, they have the labor force to complete the job. This is great for China, but hurts other countries; jobs are outsourced and so is manufacturing. More money is being invested in their country, leaving room for expansion while other countries are at a standstill. The technology aspect can makes them a force to be reckoned with.

All this growth makes the Yuan more appealing. If other currencies decline in value, we can see a future with a world currency. The obvious choice for this currency is the U.S. Dollar; it’s already being used in this way just not official. So what’s the problem? The U.S. economy is not so great right now and the government is spending money like there’s no tomorrow, but there is a tomorrow. The Dollar could also implode in the next few years and the Yuan is gaining in value against it. So what’s the big deal? We do live in a world economy, not everything has to be in favor of the free world. The Chinese government, socialist republic ruled by Communist, and most of the world is against this form of government. If we can learn anything from history, Communist don’t usually get along with most other forms of government. If they control the world currency, are expanding beyond everyone else, advancing in technology, ruled by Communist, and oh yea have the largest standing army in the world sounds like a formula for disaster.

China is a great place for expanding a business or getting cheaper labor, but at what cost in the end. Leaders have been known to get power hungry and run government in a way that is great for them and not the people they are ruling. When failing governments look for help, China can help in big ways, but China’s history is a little all over the place with change of power. An unstable government in control of the world’s assets smells like trouble.

Not saying this will happen, just making sure everyone is looking at all the possibilities. The world is changing; let’s make sure it goes in the right direction. If we look back at history, we can see it has a habit of repeating itself. Great nations rise and fall, times of war and peace, but when the dust settles a leader rises up; hopefully for the world it is the right person for the position. Investing in China and reaching for their hand in help, is looking better more than ever and it is helping those struggling through this tough time. But we should make sure not all of the help and investments are in one area. Just like investing on Wall Street, if you put everything you have in one stock and that company folds up your portfolio is worth nothing. Let’s be smart about where our future is going.

More About Mobile Currency Converters

Mobile Technology and Internet Access

There are several companies that provide currency converters for mobile devices. The use of cell phones has become endemic in areas with mobile service. Smart phones and Blackberries allow the user to access the internet and perform almost any action. Most of the world has been quick to adopt mobile technology and mobile devices have changed the way people communicate and do business.
WorldMate Live Currency Converter For Blackberry

In previous articles we have pointed out the various uses of cellular devices and specifically currency converters. Mobile currency converters allow the user to calculate transactions in most currencies. For Blackberry users WorldMatelive offers a free currency conversion application. The WorldMateLive currency converter can be accessed at App World and takes about 10 minutes to download. After the download WorldMate Live takes about 3 minutes to install. The currency converter has the capability to calculate transactions in 160 world currencies. WorldMate Live also provides global weather reports, comparison charts for clothing sizes, and an itinerary organizer.
WorldMate Live for Other Phones

In addition to the Blackberry application WorldMate Live also provides a similar currency converter for the following phones; Samsung Blackjack, Motorola Q, or a PDA with windows mobile software. The application is free and can be accessed at worldmate.com and takes about 10 minutes to download.
The aCurrency Converter

For those with a T Mobile phone the aCurrency currency converter is available for download from the Android Market. This currency converter covers 160 currencies. Every time the currency converter is opened it automatically updates the latest currency exchange rates.
The ACT Currency Converter

For iPhone users the ACT Currency global currency converter is available from the iTunes App Store. This currency converter covers 190 currencies and is updated by hitting the refresh button. The ATC currency converter costs $1 which is exceptionally inexpensive.

While these currency converters are designed with the tourist in mind they could easily be of use to currency traders who need to check currency exchange rates often throughout the day and may not have immediate access to a computer.