Tables for rates being discussed
Although this is not a rumor I wanted to place it in this section as an answer to the Funny "Munny Models"
1 dinar = $0.66 USD
current denominations
25,000 NID = $16,500 USD (interbank note)
10,000 NID = $6,600 USD (interbank note)
5,000 NID = $3300 USD (interbank note)
1,000 NID = $660 USD (interbank note)
500 NID = $330 USD (interbank note)
250 NID = $165 USD
100 NID = $66USD
50 NID = $33 USD
25 NID = $16.50 USD
unreleased denominations(notice that these would be the same denomination as under Saddam)
10 NID = $6.60 USD
5 NID = $3.30 USD
1 NID = $,66 USD
1/2 NID= $.33 USD
1/4 NID = $.165 USD
Fils not needed immediately with this model
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1 dinar = $1.48USD
current denominations
25,000 NID = $37,000 USD (interbank note)
10,000 NID = $14,800 USD (interbank note)
5,000 NID = $7,400 USD (interbank note)
1,000 NID = $1,480 USD (interbank note)
500 NID = $740 USD (interbank note)
250 NID = $370 USD (interbank note)
100 NID = $148 USD
50 NID = $74 USD
25 NID = $37.00 USD
unreleased denominations(notice that these would be the same denomination as under Saddam)
10 NID = $14.80 USD
5 NID = $7.40 USD
1 NID = $1.48 USD
1/2 NID= $0.74 USD
1/4 NID = $0.37 USD
Fils are not neccesarily needed at this rate but it would be useful to introduce the Fils as the dinar monetary system is based on either 100 or 1000 units(Fils)
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1 dinar = $3.22 USD
current denominations
25,000 NID = $80,500 USD (interbank note)
10,000 NID = $32,220 USD (interbank note)
5,000 NID = $16,100 USD (interbank note)
1,000 NID = $3,220 USD (interbank note)
500 NID = $1610 USD (interbank note)
250 NID = $805 USD
100 NID = $322USD
50 NID = $161 USD
25 NID = $80.50 USD
unreleased denominations(notice that these would be the same denomination as under Saddam)
10 NID = $32.20 USD
5 NID = $16.10 USD
1 NID = $3.22 USD
1/2 NID= $1.61 USD
1/4 NID = $0.805 USD
At this point we would need the Fils as the dinar monetary is based on either 100 or 1000 units(Fils)
Note: Notice that the lowest denomination of dinar shown here(also the lowest denomination under Saddam) close to the value of our dollar.
