The MEA Cash Cycle Seminar (ICCOS) was held in Muscat, Oman and was happy to be sponsored 161 delegates from 33 countries and 72 organizations - including 15 central banks - to discuss the latest issues, trends and best practices in the MEA region.
Sarp Tarhanacı, Chairman and Florent Sierens, Head of Trade of AgaBullion were also in the presenters.
"Are we in a global crisis or could this happen in the future? Our current account deficit and country’s strength right now is based on our FX reserves and GDP. What if, these are devalued by global markets for whatsoever reason, what should we do to protect ourselves?" based on this question, they continued their presentation as follows "We need an alternative global currency that is highly liquid, reliable and provides confidence to global markets for us to meeting our foreign external debt obligations and internal requirements such as national emergencies, etc. Physical gold reserves is the solution. It is proven that physical gold reserves has zero credit risk, is a safe haven asset and is globally liquid to achieve financial returns."