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Post by Ssmith on Thu Nov 08, 2018 9:18 am

Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur…Tune in tomorrow…
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Post by Jayzze on Thu Nov 08, 2018 10:42 am

you do not have to wait here is your answer. nothing they will stall and then  say either sunday or next tues. Iraq is great at running their mouth but when it comes to action they stall. it seems like they really do not want to raise their currency for what ever their reason
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Post by Ssmith on Thu Nov 08, 2018 11:09 am

@Jayzze wrote:you do not have to wait here is your answer. nothing they will stall and then  say either sunday or next tues. Iraq is great at running their mouth but when it comes to action they stall. it seems like they really do not want to raise their currency for what ever their reason

Wanting to raise the value of their currency has nothing to do with it, as its' value is right where it should be.
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Post by Jayzze on Thu Nov 08, 2018 11:36 am

on a tenth of a cent Iraq will go far, btw if the us currency was worth a tenth of a cent what would you do?
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Post by Ethel Biscuit on Thu Nov 08, 2018 12:03 pm

Er...how could the US currency possibly be worth a tenth of the US currency i.e a tenth of itself?

And where does this idea come from that all international units of currency must be of equivalent value? Do you think the Japanese yen should be worth the same amount as the US dollar?

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Post by Jayzze on Thu Nov 08, 2018 12:31 pm

if the us and englands currency was woth a tenth of a cent was worth like Iraq we would be in the same position going nowhere does that answer your question how many countriesin the world is worth in the world?
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Post by Ssmith on Thu Nov 08, 2018 1:15 pm

@Jayzze wrote:if the us and englands currency was woth a tenth of a cent was worth like Iraq we would be in the same position going nowhere does that answer your question how many countriesin the world is worth in the world?

But US and England aren't Iraq.  I'm not following what you are trying to say.
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Post by Terbo56 on Thu Nov 08, 2018 1:41 pm

Jayzze was asking, 'what would YOU do IF the U.S. currency was worth 1/10 of a penny, PER DOLLAR? What would WE DO, if we were in Iraq's shoes? How hard is that to understand? WOW....
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Post by Ethel Biscuit on Thu Nov 08, 2018 1:43 pm

Again, how could a cent be worth a tenth of a cent? A currency can only be valued against a different currency, not against itself. You're not making sense here.

And who says there needs to be a one-to-one exchange rate? The worth of the British pound has fallen markedly against the US dollar. In 1975 the pound was worth over 2.30 dollars. Earlier last century it was worth 4 dollars. It varies.

Again, at the moment the dollar is worth 113.87 Japanese yen. In other words, the yen is worth less than a cent. That doesn't mean that the yen needs to be revalued.


Last edited by Ethel Biscuit on Thu Nov 08, 2018 2:06 pm; edited 1 time in total (Reason for editing : Edited for clarity)

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Post by Terbo56 on Thu Nov 08, 2018 1:53 pm

Same with Iraq, if you want to look at it that way- A tenth of a cent is a tenth of a cent-So, Iraq's currency is one tenth of a cent-So, how can they survive, or do anything? How could the U.S survive, IF our currency was one tenth of a cent? Cut a penny in 10 pieces, take one out, that is one tenth of a cent, is it not? This is what they are trying to work with- And, I wasn't talking about an exchange rate, or a revaluation-Merely making a statement of what the Iraqi currency is worth, and IF ours was worth one tenth of a cent, what would we do, or be forced to do? Just like Iraq, this is what we would be dealing with- I hope I cleared that up for you- Smile
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Post by Ethel Biscuit on Thu Nov 08, 2018 2:03 pm

scratch

What a currency is worth IS its exchange rate!

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Post by Ssmith on Thu Nov 08, 2018 2:22 pm

I think the boys may be confusing what a currency is worth with inflation.
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Post by RamblerNash on Thu Nov 08, 2018 10:37 pm

But...But...But boys. The IQD has more zeros. Maybe we should remove a few, let say...about 3.

Would that make things easier to understand? LOL The gals seem to have gotten it...


Did you miss the link I posted:

https://www.numbeo.com/cost-of-living/prices_by_country.jsp?displayCurrency=USD&itemId=9

On this thread:

http://www.dinardaily.net/t75215-i-have-a-theory-please-share-your-thoughts

Isn't interesting what a Dinar could buy?
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