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Steve Rogers
by on July 9, 2021
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What is Dinar Chronicles



Dinar Chronicles is an interesting online digital product from Dinar Caller. The product is a digital e-book that contains historical facts, current events, and the personal insights of the famous people of Dubai from their unique vantage points. These are the "millionaires" of the Middle East. This dinar chronicles e-book is intended to be an open dialogue between the writers and the readers and stimulate debate and controversy. The book's publication has triggered a fresh discussion on several issues.



Most Islamic State (IS) members and their patrons in the media decried the book as an attempt by Abu Dhabi investment group to export the methodology of brainwashing to the world. They claimed that the publication constitutes sharia law in action.



This was not the first time that Abu Dhabi had attempted to market its culture through publishing a book called Dinar Chronicles; the self-published version was offensive to many locals. In the publishing of this book, they faced numerous challenges. For instance, UAE mufti likened the book to the Islamic approach to "extremism."



Prominent UAE Inhabitants and Residents



Many prominent UAE inhabitants and prominent residents of other Muslim nations, including Morocco, Qatar, Dubai, Egypt, Saudi Arabia, India, Malaysia, Singapore, Taiwan, and Pakistan, voiced their disagreement with the views expressed in the book. They maintained that the currency practices in the oil-rich Islamic countries in particular, such as Abu Dhabi, Dubai, and Abu Dhabi, are completely compatible with Islamic principles.



The Dinar Chronicles, they maintained, do not advocate the practice of slavery or child slavery. Furthermore, they claimed that none of the seven topics covered in the book, such as how to implement Shariah law, allow for women's rights, or even address issues of Zakat, the charitable tax, or the minaret.




The UAE government released a strongly worded response to the Dinar Chronicles, stating that the publication incites "extremism" and "treachery." Additionally, the foreign exchange rate of the riyal is not tied to the price of oil and is unrelated to the country's political system. There are no laws that dictate the price of the riyal or any other foreign currency. Any suggestion that the price of the dinar may be tied to the foreign exchange rate is "inflammatory and misleading," the foreign affairs department of the UAE stated.



Experts in Dubai, the seat of business in the United Arab Emirates, dismissed suggestions that the Dinar Chronicles indirectly encourages dinar trading. The trading of currencies is not mentioned anywhere in the book, nor is it implied. Instead, experts assert that the publication is geared towards a specific reading experience. For instance, those who are interested in the politics of the region will find much information in the book. However, those looking for simple Forex charts and graphs will not find them in the book. .



Those who are following events in the Middle East will see little if any correlation between the rise of the currency of the United States and the rise of the dinar. For example, the United States' trade deficit has been a major culprit of the current economic crisis in the middle east. The faltering dollar exchange rate has been blamed on rising oil prices. While this may be true, the faltering of the American economy is also tied to the vagaries of world markets, which tend to fluctuate in response to various external factors.



For those interested in making money on the forex market, it would be beneficial to learn about the different currencies in the region. The most popularly traded currency in the middle east is the dinar. One of the reasons that the dinar has become such a popular trading currency is the relative strength of the dinar compared to other currencies.



What are the Another Common Factors with Dinar



Another common factor with the dinar is that it is often traded with oil currencies, making it one of the more stable currencies in the region. Finally, many traders also trade the Iraqi dinar, which has also had a large influence on the stability of the trade. The reasons that these two currencies are traded widely are detailed in detail in the current issue of Dinars & Currencies, a specialist financial publication from the University of London.



In addition to covering the broader topics of trading, the Dinars & Currencies Review covers the many events that have had a direct bearing on the changing value of the dinar. These include the recent elections in Iraq, the fall of the sanctions against Iran, the impending launch of the joint venture between BP and Russia's Gazprom, the U.S. election results, changes in the interest rates of major currencies, and other economic and political developments throughout the region.



This feature provides an in-depth insight into the daily events that impact the value of the Iraqi dinar and how traders view the potential for future moves. For novice investors, this feature provides an opportunity to firsthand look at how the current global economy might affect the trading of this particular currency.


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