Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 
 

 IMO - Confusion over the in-Iraq exchange rate. EDITED BY LIA

Go down 
AuthorMessage
Ssmith
GURU HUNTER
GURU HUNTER
avatar

Posts : 18153
Join date : 2012-04-10

PostSubject: IMO - Confusion over the in-Iraq exchange rate. EDITED BY LIA   Tue Jul 12, 2016 9:43 pm

R691a is a member of both WSOMN and Wing-It and, I assume, made the same post in both rooms.  However.....  it was edited at Wing-It by the Mod, Life Is Art.

Why did Life is Art add the following?:



1 USD = 1.18 IQDTherefore 1 IQD = 1/1.18 = $0.8474576 USD

And move this paragraph[size=16]?
:


What has happened is that the IQD has had the three zeros removed from the old rate - exactly as they said they would do, so now 1 IQD = about 84 cents US.

From Wing-It:
[/size]

R691a

IMO - Confusion over the in-Iraq exchange rate.



There seems to be much confusion re the exchange rate . Official articles say 1 USD = 1 Dinar plus 18 Fils - ie, 1.18 IQD.

http://neniraq.com/%D8%A3%D9%84%D8%A7%D8%B1%D8%AA%D9%82%D8%A7%D8%A1-%D8%A8%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9/

Everyone is automatically assuming that to mean 1 IQD = $1.18 USD - IT DOES NOT!



1 USD = 1.18 IQD


Therefore 1 IQD = 1/1.18 = $0.8474576 USD


What has happened is that the IQD has had the three zeros removed from the old rate - exactly as they said they would do, so now 1 IQD = about 84 cents US.


This conversion value has been done to afford a great benefit on the Iraqi's exchanging their USD to IQD!!!!

That is - they have been given a SHORT time to change their USD at around 3 times the rate they would get if they held it until it became international - and this has been designed to quickly mop up ALL USD inside Iraq.

Then they confuse the international rate of 3.71 - THIS we assume will be 1 IQD - $3.71 USD, ie 1 USD = 0.27 IQD.
WE will be exchanging OUR IQD to USD, which is the OPPOSITE to the way the RV will effect the Iraqis.
Once they turn in their USD for IQD inside Iraq 1 old IQD = 1 new IQD.


-- Edited by LIFE IS ART on Tuesday 12th of July 2016 06:58:47 PM


From WSOMN: 


R601a


IMO - Confusion over the in-Iraq exchange rate.



There seems to be much confusion re the exchange rate . Official articles say 1 USD = 1 Dinar plus 18 Fils - ie, 1.18 IQD.
http://neniraq.com/%D8%A3%D9%84%D8%A7%D8%B1%D8%AA%D9%82%D8%A7%D8%A1-%D8%A8%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9/

Everyone is automatically assuming that to mean 1 IQD = $1.18 USD - IT DOES NOT!



This conversion value has been done to afford a great benefit on the Iraqi's exchanging their USD to IQD!!!!
That is - they have been given a SHORT time to change their USD at around 3 times the rate they would get if they held it until it became international - and this has been designed to quickly mop up ALL USD inside Iraq.
What has happened is that the IQD has had the three zeros removed from the old rate - exactly as they said they would do, so now 1 IQD = about 84 cents US.
Then they confuse the international rate of 3.71 - THIS we assume will be 1 IQD - $3.71 USD, ie 1 USD = 0.27 IQD.
WE will be exchanging OUR IQD to USD, which is the OPPOSITE to the way the RV will effect the Iraqis.
Once they turn in their USD for IQD inside Iraq 1 old IQD = 1 new IQD.
Back to top Go down
View user profile
Ssmith
GURU HUNTER
GURU HUNTER
avatar

Posts : 18153
Join date : 2012-04-10

PostSubject: Re: IMO - Confusion over the in-Iraq exchange rate. EDITED BY LIA   Tue Jul 12, 2016 11:30 pm

Back to top Go down
View user profile
 
IMO - Confusion over the in-Iraq exchange rate. EDITED BY LIA
Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: CHATTER from DINARIANS-
Post new topic   Reply to topicJump to: