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Post by TheSwampcat on Wed Aug 24, 2011 11:58 am

HB Okie,
Do you have an URL that you can share that shows the 3.67 rate?

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Post by mary44 on Wed Aug 24, 2011 12:10 pm

Could someone explain to me what the $3.67 rate actually means? I'm not so good with finance, but I have some dinar but no idea what the $3.67 rate thing means.

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Post by BillYuan on Wed Aug 24, 2011 12:11 pm

Your not going to find out. it's a Rumor. I'm not bashing just stating what the MOD where in the chat room was calling this stuff.

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Post by mary44 on Wed Aug 24, 2011 12:12 pm

hypothetically speaking, though. Assume that the rate is 3.67...how does that translate in terms of conversion between USD and IQD?

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Post by Lost RV Patrol on Wed Aug 24, 2011 12:15 pm

1 dinar = $3.67 10 dinar = $36.70 100 dinar = $367.00 1000 dinar = $3670.00

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Post by blessedone on Wed Aug 24, 2011 12:17 pm

Hi Mary,
The $3.67 is the stated rate of US Dollars to one Dinar.
Therefore, if you had 100 IQD, you would get $367.00 US
for it. Howevere, it will not be valid until it appears on the
banks screens for the exchange rate.
I hope this helps! Have a great day!

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Post by joe schmo on Wed Aug 24, 2011 12:19 pm

@mary44 wrote:hypothetically speaking, though. Assume that the rate is 3.67...how does that translate in terms of conversion between USD and IQD?

If you have 1 million dinar multiply 1 mil. X $3.67 = $3,670,000.00

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Post by Jewelclamp on Wed Aug 24, 2011 12:21 pm

Mary, every dollar's worth went from about .012 to 3.67.

If you have 1-million dinar (IQD) (that you paid about $1000 for), your million dinar is suddenly worth $3,670,000 (USD).
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Post by BillYuan on Wed Aug 24, 2011 12:23 pm

Funny how no one will answer the question of the first poster. Because it's a rumor. $3.67 is a RUMOR until it happens.

No one knows the DATE and RATE. How does people on the low end of the poll get that rate and this date?

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Post by mary44 on Wed Aug 24, 2011 12:25 pm

Thanks for replies...again sorry but i'm not financially savvy by any means.

So you're all saying that even though - right now $1 USD is equal to around $1100 IQD. that after RV that same $1 USD is going to $.27 IQD? How could that be possible? That'll make almost everyone with IQD millionaires immediately?

If this has been explained in the past I'm sorry for redundancy. I'm just trying to get a better grasp on this.

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Post by axarn on Wed Aug 24, 2011 12:27 pm

@BillYuan wrote:Funny how no one will answer the question of the first poster. Because it's a rumor. $3.67 is a RUMOR until it happens.

No one knows the DATE and RATE. How does people on the low end of the poll get that rate and this date?

NO ONE ANSWERS HER/HIM BECAUSE, WE ARE NOT OKIE! SHE/HE WAS ASKING OKIE! =)

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Post by therealbutterfly on Wed Aug 24, 2011 12:30 pm

Mary, the rate is outside the country. A dinar is a dinar in Iraq. Just like a Dollar is a Dollar even tho its worth $.77 in the rest of the world.
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Post by dinarling77 on Wed Aug 24, 2011 12:58 pm

@mary44 wrote:Thanks for replies...again sorry but i'm not financially savvy by any means.

So you're all saying that even though - right now $1 USD is equal to around $1100 IQD. that after RV that same $1 USD is going to $.27 IQD? How could that be possible? That'll make almost everyone with IQD millionaires immediately?

If this has been explained in the past I'm sorry for redundancy. I'm just trying to get a better grasp on this.

Mary, I would suggest when it RV's that you see a good financial adviser. I would hate to see you soon part with your money.
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Post by robralf on Wed Aug 24, 2011 1:05 pm

Rolling Eyes
suppose it'll be Obama's and the IRS and Treasury's' fault when it doesn't pan out....again!!

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Post by BillYuan on Wed Aug 24, 2011 1:07 pm

I know this is crazy how about you do your own DD. And not rely on Okie soley. Just me but to say you can't offer anything, because your leader isn't around is SAD!

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Post by happywelshguy on Wed Aug 24, 2011 1:28 pm

Hi! Mary....

All you need to be concerned about now, is the rate that the IQD that you have in your possession or, on Layaway
will be worth, when the RV and it's rate has been confirmed.

As was explained previously (until the rumour has veen verified as accurate) then 1 IQD will be worth $3.67c
and not $.27

You are correct, many new $millionaitwes will be created and if you own 1Million IQD and the rumour of $3.67 is correct, then your 1 Million IQD would now be worth $3,670,000.

You would be a new $Millionaire

I hope that explains it for you ok

bounce



@mary44 wrote:Thanks for replies...again sorry but i'm not financially savvy by any means.

So you're all saying that even though - right now $1 USD is equal to around $1100 IQD. that after RV that same $1 USD is going to $.27 IQD? How could that be possible? That'll make almost everyone with IQD millionaires immediately?

If this has been explained in the past I'm sorry for redundancy. I'm just trying to get a better grasp on this.
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Post by 1alaskan on Wed Aug 24, 2011 1:36 pm

Folks,

Most of the answers are correct, but untill you have a peice of paper or many if you foolishly hold cash saying you have the money your IQD may be worth in a bank or something like it, you have IQD, not USD or GBP or CAD or anything else. And unless you live in Iraq or plan on visiting soon, it is pretty paper, with some funny writing on it, worth about $800 per million right now.

Slow down, watch the big show and relax, soon, maybe soon......

JMHO
Rantings from just north of 60

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