Wang Dang Conference Call With Guru Hunters 10-21-2018

.#wearethepeople #dinar #WangDangScam #LearnMath pic.twitter.com/si6dtncsP2

— Nash Rambler (@RamblerNash) October 23, 2018

Exchange rates are important during these transactions because they represent the linkage between one country and its partners in the global economy. Exchange rates affect the relative price of goods being traded (exports and imports), the valuation of assets, and the yield on those assets. The CBI pegged its official rate between $3 to 3.38 per dinar in the 1970s. The last official exchange rate of $3.11 per dinar was set in 1982. During the 1970s the official and market rates generally corresponded and by 1980 the country had $35 billion in foreign exchange reserves. Because of the war with Iran that figure had fallen to $2 billion by 1987. The currency depreciated rapidly in the unofficial market during the Iraq-Iran war and after the first Gulf War the pace of depreciation increased further. During 1997 to 2003, the exchange rate fluctuated between 1500 -2000ID per $1 and was fairly steady at about 1950 ID to $1 in recent years. Although the Regime did not alter the official exchange rate after 1983, it acknowledged the rate differential in 1999 by allowing state run banks to exchange hard currency at the rate of 2000 ID to $1.According to the statistical bulletin published by CBI (Figure 16) the numbers projected by sources in the US are consistent, with numbers reported internally. It is important to note that the validity and reliability of the data provided by CBI has not yet been evaluated.

Shanegp wrote:The Iraqi dinar replaced the well-established Indian rupee as the official Iraqi currency in 1932. The Iraqi dinar was pegged to the British pound, at par, until the year 1959. The peg was eventually changed to the US. dollar in 1959. They used only the current exchange rate between the pound and the dollar to determine the Dinar’s current value.  The foreign currency exchange rate determined one Iraqi dinar to be equal to $2.80 USD. By 1973, the Iraqi Dinar had increased in value to $3.3778 USD, before a small 5 percent devaluation correction to $3.2169 USD. This was the continually stable rate history when pegged to the U.S. dollar until the Gulf War in 1990-9

Shanegp wrote:I understand what you are saying. But Iraq never lost anything in value before or after the war

Are you nuts? Wars are expensive to run. And if it's in your country, they are expensive to rebuild. Do you need to see the damage from the one in 2003 or the one with ISIS?

there Country has more added value now. When the cbi decides to get things trading world wide there currency is going to be worth more than Kuwaits.

Now wait a minute. You said below that the money has been rolling forward in the budget each year, and here you say it's going to be based on trade?

Which is it?

It's only common sense, There money has been rolling forward in there budget each year and has gone nowhere. There money was worth more than our dollar before it was shut off and it will be worth more than our dollar when it is reinstated, plain and simple.

Who shut it off? When did that happen? How come Iraq doesn't know anything about it? Who is going to put a bunch of money in their reserves, to make the exchange rate worth more than a dollar, and take on that debt?

Our dollar on the other hand is only worth about a penny. We are the ones in real trouble.

Says who?