- More by Antonio De Lucia
Al-Said Dinar hits 12 month high
The Crypto Token Currency (CTC) Al-Said Dinar hit a 12 month high trading at $0.20 USD this week.
The GBP is over sold and crumbling under Brexit chaos and the Euro is under pressure following hidden debt scandals from Italy.
The climate lead to the USD achieving strong bullish growth over the last few days.
Crypto currencies such as Bitcoin and Etherium grew before collapsing again further backing the notion that crypto currencies are to be avoided.
However the hybrid CTC Al-Said Dinar is a bit of an anomaly. As a closed private equity crypto currency it avoids the instability of traditional open source crypto currencies. However with a central bank and only one option for bank accounts the currency is tightly centralised, which goes against the idea of crypto currencies. However unlike any traditional cryptocurrencies CTCs are also minted and printed.
The physical hard cash circulation of Al-Said Dinar rose over the first quarter of 2019.
When Al-Said Dinar was first launched back in 2017 the opening months saw wild instability with trades ranging from 1 dinar selling for $1.80 to as little as $0.07¢.
However throughout 2018 Al-Said Dinar steadily rose in value reaching a stable plateaux of $0.14¢ as a running median for 4 months consecutively.
Following 2019’s increase in print currency and an uptake in digital accounts, Al-Said Dinar has become more widely accepted as a retail currency for purchases between larger corporations around the world.
As of May 2019 the daily median trade for Al-Said Dinar (DIN) to USD is $0.20¢
The spread was always the worry for investors in to Al-Said Dinar.
It is hard to predict accurately with crypto currencies even if they are CTCs. It would not be surprising to see stability grew rather than value with the spread reducing to mitigate exchange and trade costs making the DIN not only an appealing currency for circulation and payments but also for investment traders.
DIN is traded privately and not on public markets, this gives equal measure of pros and cons which must be assessed before making substantial investments.
Currently the minimum trade value is 100 DIN ($20.00) with an average individual trade value of 25’000 DIN ($5,000 USD).
Whilst exact details are scares for obvious security reasons, we do know that Al-Said Dinar are printed on recycled material blends of linen, cotton and a third undisclosed material.
Inks are vegetable based with the polymers used in the security features being vegan friendly.
Current print denominations:
Coins: 0.1 Din (only one coin is in current use with the 0.25 and 0.5 dinar coins ending production in 2018)
Notes: 0.5 Din | 1 Din | 10 Din | 50 Din | 100 Din (Notably no 5 or 20 Dinar notes exist this is to reduce the environmental impact by printing the denominations most frequently requested/used).
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