Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by lewscrew

Will someone be so kind and translate the article for us that can't figure out how to do that? Thanks in advance.

This is the link that I translated earlier about the fils.


http://www.rolclub.com/iraqi-dinar-d...tml#post134077

Originally Posted by lewscrew

Will someone be so kind and translate the article for us that can't figure out how to do that? Thanks in advance.

cut and paste
arabic to english, and english to arabic. hope this helps, it's what we use.

Translate

It helps alot, thank you very much. !!!!

Wow that was easy! Saved it to favorites, thanks again!

your welcome guys

Originally Posted by Treater

cut and paste
arabic to english, and english to arabic. hope this helps, it's what we use.

Translate

It helps alot, thank you very much. !!!!

Wow that was easy! Saved it to favorites, thanks again!

SGS,

I see you are logged on. Any news from Rolls Royce and the Kurds? Would you expect to see the first news of the reval in the CBI rate or somewhere else?

Originally Posted by CharmedPiper

If they are discussing items in fils.....given the fact that fils are very small denominations....am I wrong in thinking that the reval rate is much much higher than we anticipated......???

Thats exactly what I was thinking, If memory serves me one sq. meter is a bit more then a sqaure yard.

Originally Posted by Inscrutable

Thats exactly what I was thinking, If memory serves me one sq. meter m2 is a bit more then a sqaure yard.

one meter is 39.36 inches so yes it is slightly more than a sq. yard

Originally Posted by CharmedPiper

If they are discussing items in fils.....given the fact that fils are very small denominations....am I wrong in thinking that the reval rate is much much higher than we anticipated......???

at 1:1 rent for 200 fils a month would be approx. .20 per meter per month. im not sure what a rental actually would run but i would say it makes it more likely the dinar will be closer to $2. in my calculations.

Originally Posted by Inscrutable

Thats exactly what I was thinking, If memory serves me one sq. meter m2 is a bit more then a sqaure yard.

1 square meters = 1.19599005 square yards

Gotta be worth more that one fifth of one dinar at present day exchange rates even if they are talking about energy costs or whatever it is I don't care one fifth of one dinar is like SGS was saying, almost free.

Originally Posted by CharmedPiper

If they are discussing items in fils.....given the fact that fils are very small denominations....am I wrong in thinking that the reval rate is much much higher than we anticipated......???

I think that it could peg really high for the fact that Saudi has given them debt relief even if it is not signed there is definitely something in the works between them. Also a Country's wealth is based on supply and demand and production. They have a hell of a lot of supply on all the items the World needs the biggest being the oil and they are going to have major production when they open their doors and pass and enact the HCL. I would think they will peg the Dinar with a small margin for them to fluctuate like Kuwait has. Their Dinar can not go under $3 JMO.

Dinar-Excited