Thread: % increases in the value of IQD.

Originally Posted by lndmn_01

In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation's inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar's real transaction value, or black market exchange rate, was far lower-- only about half the 1986 official rate.


So...

1988: 1 dinar= $1.61

First gulf war(+sanctions) 1 dinar = approx. $ .20 90% drop in value

Second gulf war(+ current occupation) 1 dinar = approx. $.0006 33,334% drop in value


Saddam valued the dinar much higher ($3.22) the entire time but the values above were internationally accepted.

So if they can have an overnight drop in value of 33,334% why not an overnight increase of 28,471%-42,757% (1 dinar = $.20-$.30)???

Right on! Exactly what I believed when I bought in. Great post.

I keep hearing from several sources about a possible revalue of 75% of the true value of the dinar.

Given that the accepted true rate is $3.22, 75% is $2.41, or have I got this completely wrong?

i'm not clear as to why you say the true adopted rate is $3.22. because saddam said so??

Originally Posted by lglwzrd

i'm not clear as to why you say the true adopted rate is $3.22. because saddam said so??

It wasn't that Saddam said so, it was reconized by the bank of Baghdad, and the CBI. Saddam didn't just wake up and say Oh I like 3.22, he had economic experts aid in determining the rate.

Originally Posted by jsfletcher

It wasn't that Saddam said so, it was reconized by the bank of Baghdad, and the CBI. Saddam didn't just wake up and say Oh I like 3.22, he had economic experts aid in determining the rate.

$3.22 is still the "Official" Rate listed by the CBI!!

Originally Posted by Bubba Dinar

$3.22 is still the "Official" Rate listed by the CBI!!

Thank you. Some people insist that Saddam just pulled the # out of a had and went with it. that's just not true

Program Exchange Rate : 1500:1

50% of 1500 = 750
1500 - 750 = 750
750:1 is 50% increase

75% of 1500 = 1125
1500 - 1125 = 375
375:1 is 75% increase

90% of 1500 = 1350
1500-1350 = 150
150:1 is 90% increase


...and so on and so forth. This is reality.

At the current rate of 1325, we're about less than 12% increase. Exactly what's being reported in numerous news articles.

12% of 1500 = 180
1500 - 180 =1320

Like I said this is reality. Not that BS thousands of percent increases. Whatever he's smokin I want some.

Originally Posted by investor

I keep hearing from several sources about a possible revalue of 75% of the true value of the dinar.

Given that the accepted true rate is $3.22, 75% is $2.41, or have I got this completely wrong?

Seems to me the confusion surrounding this issue is what exactly is "the true value of the dinar".

The 1 NID= $3.22 USD rate is the "official rate" but as has been pointed out by the time Saddam was ousted the black market rate (which has been referred to as the real rate) was about 1/2 of that or $!.60 USD.

The 1500 NID = $1.00 USD rate that has been in effect for the past 3 years was clearly stated at the beginning as being a "program rate" and was to be used during the transitional stage of getting Iraq back on its feet. It has always been clearly stated that this was a program rate and was NOT the real value of the dinar.

It would be interesting if the "real rate" they are referring to when talking about the 75% increase was in fact the black market or "yazzman" rate of 1.60. 75 % of $1.60 is $1.20. So, the rate then would be 1 NID = $1.20 USD.

Interesting, where and how often have we seen that rate projected.

At any rate, we will just have to be patient and see what the amount is and when it becomes effective when they tell us.

I read in one of the post, don't know which one or who posted it, or where may in fact I heard it. BUT, I seen somewhere that USA will never let Iraq dollar be worth more then the USA. I think that is total BS, and I think it should be RV soon. Does anyone rembemer this post??