Exotic Currency Financial News Iraq, Vietnam, Zimbabwe

Exotic currencies are fickle, and the slightest current events can send them scoring to new heights or dropping to new lows. On the Education Matrix Channel, we tend to purchase exotic currencies and hold until the value increases against the US dollar.

This is how we protect ourselves from fluctuating currency rates.

In the latest video upload to the channel, we briefly discuss major financial news in Iraq, Vietnam and Zimbabwe.

Iraq has an impressive number of projects listed in the Middle East refinery updates list. This means Iraq is attending to infostructure and making sure Iraq can continue to export massive amounts of oil.

At the same time Vietnam is lowering a tax rate to help stimulate the economy after the COVID-19 financial slowdown.

Zimbabwe is experiencing an entirely different news event. Zimbabwe teachers have gone on strike and want to be paid in US dollars. Teachers presently earn around $100 USD and are paid in Zimbabwe currency.

The teachers want an increase to $540 a month USD and they insist on being paid in US currency. The President of Zimbabwe says, Zimbabwe cannot grow its economy when using foreign currency.

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Sandy Ingram is the publisher of the Education Matrix Channel where they provide the latest news on exotic currencies, mostly the Iraqi Dinar. Follow here on Medium for updated information each week.