Hidden Profits in Exotic Currencies

On the channel Education Matrix, we talk about investing in exotic currencies, mostly the Iraqi Dinar, and lately the Vietnam Dong, and Haiti’s currency.

Why”

Because Iraq and Haiti have natural resources which could increase the country’s currency greatly in and over time. Both countries have massive amounts of oil reserves. Of course, Iraq’s oil industry is far more developed than Haiti’s.

And on the other hand, Haiti’s currency is in a far better position than Iraq’s currency. On the channel we talk about the seven basic factors that helps determine any countries foreign currency rate:

1. Inflation

2. Interest Rates

3. Terms of Trade

4. Political Stability

5. Balance of Payments

6. National Debt

7. Recession

Both countries, Haiti and Iraq are dealing with overwhelming violence and in Haiti’s case, natural disasters which is triggering instability, not to mentions the prime minister’s assassination in 2021.

Iraq on the other hand is dealing with an attempt on the Prime Minister life as well as continued attacks by IS.