i am not a nayayer ,i found this on another forum some of you might have already seen this.just wanted to get some of your opinions on this
They have agreed on an RV package, finally!!!!!!!!!
OK My brother has been in Iraq for 3 years. He started a business importing cars. He has many clients including a lot of Government people. These are people that he socializes with. They have told him that the announcement will be on November 21, 2006! They are going to RV the dinar at $ 3.41 and peg it to the euro. This is going to be a currency exchange after they delete four digits. 1 million dinars will be worth about $ 68.00 after conversion in Iraq. If you are an Iraqi citizen and have proof of income you will get 10 x that amount! So, this is the deal that has been worked out finally! Well no, it dose not look good at all! The good news though is that this thing is finally over!!!!
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03-10-2006, 07:52 PM #1
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Why Nov. 21??
Can you ask your brother to find out why they picked "Nov. 21"?? Seems a long time off.
Plus my math must not be to good today can someone explain in more detail what I highlighted in red above. If 1 million dinar will be worth $68.00 after the conversion in Iraq - should I have waited until then to purchase cheaper???
Never mind just seen everybodies post before mine - boy everybody is quick today - GO ROL FOLKS!!!!!!!!!!Last edited by MrsCK; 03-10-2006 at 08:08 PM.
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03-10-2006, 08:08 PM #7
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I don't think this makes sense. How can you manage two different exchange rates? And if 1M Dinar would then be worth $68, then that would actually lower it's overall value - Not increase it. This statement just doesn't add up in my mind. No other country that I know of actually dictates what exchange rate you'll get depending on whether you are a citizen or not. That's just a guess on my part, though, so I acknowledge that I could be wrong on that (but I've certainly never heard of it). It just doesn't add up, and I'm gonna leave it at that.
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03-10-2006, 08:09 PM #8
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this is not my post i just copied it and posted it on here for people that might not have seen it ,i dont think it is going to happen but just letting everyone know what else is being posted
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03-10-2006, 08:11 PM #9
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03-10-2006, 08:12 PM #10
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This should be in the rumor section, for starters. Limiting it to Iraqi citizens only let alone with proof of income is too limiting to make any sense, not to mention a logistical nightmare. Doesn't seem like this would do anything to stimulate the economy or foreign investment. Not to mention the math doesn't work out. I don't think re-pegging it (to any other currency) will help them either.
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