- More by Antonio De Lucia
Al-Said Dinar holds strong against the Dollar (USD)
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Al-Said Dinar holds strong against the Dollar.
As the month comes to a close the moving daily median trade for the Al-Said Dinar against the USD remains $0.20¢.
The GBP is over sold and crumbling under Brexit chaos and the Euro is under pressure following hidden debt scandals from Italy.
Crypto currencies collapsed hard after a short lived resurgence.
CTC Al-Said Dinar (read more) rose from $0.14¢ where it has remained at for four months to $0.20¢ the highest level in 12 months.
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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