It was called the “Jamaican Monetary System” because the agreements that led to its creation were concluded at a meeting of the International Monetary Fund (IMF) in Jamaica in 1976. It still exists today as the main instrument for regulating exchange rates in the form of the Forex market.
A trader needs to understand
The main levers of control of the currency market work, who and how influences currency quotes. Trading on Forex will acquire greater meaning if the student understands the role of the IMF, the mechanism of formation of exchange rates and knows on what principles speculative trading is carried out.
The IMF (IMF or International Monetary Fund) is a UN agency and the main organization regulating the currency market. It consists of representatives from almost all countries on the planet and performs the following functions:
Expands global cooperation in monetary policy;
Promotes the increase of international trade volumes;
Stabilizes exchange rate quotes
Provides loans to Member to middle east mobile number list support their balance of payments;
Engaged in collecting Equilibrium point and publishing statistical data on the global economy.
Earnings on the Forex market are based on forecasting fluctuations in currency quotes and buying or selling banknotes at the most favorable moment. Simply put: “buy at a low price, sell at a higher price.”
The rate of any currency is based on the ratio of supply and demand, which naturally changes during trading, fluctuating in a certain balanced range. There are many factors that can greatly distort this balance:
Issue of new banknotes by the state
The issue of currency afb directory increases the supply on the market, which is guaranteed to reduce its market value.
Increase in Equilibrium point what is lifecycle marketing? currency turnover due to the issuance of loans by the state, for example to banks, in non-cash form. The market value of the currency in this case falls due to the increase in its supply on the market
