Thread: My Turn With My Source. {Friend}

Originally Posted by pee wee

take 1288, drop 3 decimal points, ya get 1.288..round it off ya get 1.29 !!! i'd say he was right on it.. the day is not over yet !!!!..if not this mon, then next mon.

Once again:

If 1.29 dinars = 1 USD, then 1 dinar = 0.78 USD

Originally Posted by bultn

Once again:

If 1.29 dinars = 1 USD, then 1 dinar = 0.78 USD

I could live with that and be more than happy!!!

Originally Posted by bultn

Once again:

If 1.29 dinars = 1 USD, then 1 dinar = 0.78 USD

Once again...What has been intimated before is that the value of the Dinar is tracking with the Dollar as compared to the Euro. So, $1EUR is equal to $1.29USD and $1288IQD is equal to $1USD. What others have been trying to say is that they will make the IQD equal with the USD so when all is said and done, you move the decimal point from the end of $1288.0 to $1.288 which when rounded becomes $1.29IQD which would then be equal to $1EUR. With this scenario $1USD would be equal to $1IQD and both would be worth $1.29USD/IQD to $1EUR...

Originally Posted by everwiser

Once again...What has been intimated before is that the value of the Dinar is tracking with the Dollar as compared to the Euro. So, $1EUR is equal to $1.29USD and $1288IQD is equal to $1USD. (yes this is correct)

What others have been trying to say is that they will make the IQD equal with the USD so when all is said and done, you move the decimal point from the end of $1288.0 to $1.288 which when rounded becomes $1.29IQD which would then be equal to $1EUR. (This is not correct if 1.29 iqd= 1USD then 1iqd = .775 USD) With this scenario $1USD would be equal to $1IQD and both would be worth $1.29USD/IQD to $1EUR...

think about it this way: if 1.29 iqd = 1 usd then you go to the bank with one iqd are you going to get more or less than 1usd back ? you will get .775 usds. It takes more than one IQD (1.29 to buy 1 usd)

another way to think about it is this

now 1288 iqd's = 1 usd so now i dinar is worth a fraction of a dollar.

if the rate changes to

1.28 iqd = 1 usd then it still takes more than one Dinar to buy one dollar
so if x iqd = 1 usd then the dinar will not be worth more than i dollar until x less than 1.

So, for your math to be correct you have to do the following two steps

1. move the decimal point in the exchange rate from

1288 iqd = 1 dollar to
1.288 1qd = 1 dollar

2. then invert the ratio so that you go from

1.28 iqd = 1 USD to
1.28 USD = 1 iqd

I know everyone on this forum is smart especially if you bough dinar, so read this and let's keep our math tight like a tiger.

Thanks
Michael

Found on another site,What do you guy's think?


I think the RV will happen April 1, 2007. Lets take a look. HCL will be approved(It has to be Conference Held April 17-18). ICI will follow after the HCL has been approved and written into law. FIL is supposed to go into effect April 1, 2007. And i think the ISX will follow shortly after that. Its the begining of a new quarter or what they call new year. And Finally it is the Start of their week (Sunday). Here are some key articles:

17-18 April , Amman, Jordan


In collaboration with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce the official Iraq Oil, Gas & Petrochemical Summit. For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of the new Unity Government.

Other leading international bodies will be in attendance, such as UNIDO and the World Bank. The Iraqi Government will also be making direct personal invitations to GCC and international energy and oil ministers.

Key Content
Each Iraqi Government Ministry will be presenting details of their key projects, contracts and areas of investment.

Oil & Gas
• Full details of new hydrocarbon laws



http://www.iraqdevelopmentprogram.or.../iog/index.htm

As for the oil and gas law approved by the Committee of Energy in the Iraqi Council of Ministers, He explained the hope that the final draft flying t bill to the House of Representatives in order to approval at a later date of the e a month.

http://translate.google.com/translat...language_tools

Talabany stressed that these two laws currently contain “major concessions” by the KRG. Although the Iraqi constitution gives the KRG the sole authority to develop new fields in the Kurdistan Region and receive revenue from those fields, it has agreed to share those revenues with the rest of Iraq.

Kurdistan Regional Government 28&RNNr=70

The foreign investment law has been passed and its clauses are being finalized and should be enacted around April.

I heard back from Warka..... - Investor's Iraq Forum

Foreign investors are not yet allowed to trade on the two-and-a-half-year-old Iraq Stock Exchange—“They have said, ‘within six months,’ for the last two-and-a-half-years,” Englund laments, though he adds optimistically, “there is a possibility it will happen by the end of the year, but nobody really knows”—so you need locals on the ground.

Englund suspects that once the foreign investment restrictions are lifted, the floodgates will open. “There is a lot of interest from foreigners to enter the Iraq Stock Market,” he says. “

LawkSalih.Com


"Iraq's Prime Minister Nouri al-Maliki discussed in a meeting with the World Bank director, currently on a visit to Baghdad, the necessary means for the Bank to support Iraq in view of the international pact with Iraq,"

http://www.aswataliraq.info/modules....rder=0&thold=0




APRIL 1, 2007!!!

Originally Posted by MC Dig

think about it this way: if 1.29 iqd = 1 usd then you go to the bank with one iqd are you going to get more or less than 1usd back ? you will get .775 usds. It takes more than one IQD (1.29 to buy 1 usd)

another way to think about it is this

now 1288 iqd's = 1 usd so now i dinar is worth a fraction of a dollar.

if the rate changes to

1.28 iqd = 1 usd then it still takes more than one Dinar to buy one dollar
so if x iqd = 1 usd then the dinar will not be worth more than i dollar until x less than 1.

So, for your math to be correct you have to do the following two steps

1. move the decimal point in the exchange rate from

1288 iqd = 1 dollar to
1.288 1qd = 1 dollar

2. then invert the ratio so that you go from

1.28 iqd = 1 USD to
1.28 USD = 1 iqd

I know everyone on this forum is smart especially if you bough dinar, so read this and let's keep our math tight like a tiger.

Thanks
Michael

Notice that I said "intimated". I never claimed the math was correct or that the theory was sound. I merely posted what has been being put forth. IF the Iraqi's revalued the Dinar to 1:1 with the USD then $1EUR would be (today and any day that the IQD/USD is equal to 1285:1 or higher) equal $1.29IQD. Others here have put this forward I was just merely trying to clarify it.

It is not a straightforward mathmatical formula but who is to say that the revalue will follow an exact formula? Being that most believe the mainstream Iraqi of being mostly illiterate, maybe the powers that be believe it should be as simple as "Dinar to Dollar" or "One to One". IF it becomes 1:1 then "as referenced to the Euro" the current value to the Dinar would be multiplied by 1000 and become the new value to the Euro. That is all that is being put forward. It's "Clear as Mud"...

EW

Originally Posted by snottynose

Found on another site,What do you guy's think?


I think the RV will happen April 1, 2007. Lets take a look. HCL will be approved(It has to be Conference Held April 17-18). ICI will follow after the HCL has been approved and written into law. FIL is supposed to go into effect April 1, 2007. And i think the ISX will follow shortly after that. Its the begining of a new quarter or what they call new year. And Finally it is the Start of their week (Sunday). Here are some key articles:

17-18 April , Amman, Jordan


In collaboration with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce the official Iraq Oil, Gas & Petrochemical Summit. For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of the new Unity Government.

Other leading international bodies will be in attendance, such as UNIDO and the World Bank. The Iraqi Government will also be making direct personal invitations to GCC and international energy and oil ministers.

Key Content
Each Iraqi Government Ministry will be presenting details of their key projects, contracts and areas of investment.

Oil & Gas
• Full details of new hydrocarbon laws



http://www.iraqdevelopmentprogram.or.../iog/index.htm

As for the oil and gas law approved by the Committee of Energy in the Iraqi Council of Ministers, He explained the hope that the final draft flying t bill to the House of Representatives in order to approval at a later date of the e a month.

http://translate.google.com/translat...language_tools

Talabany stressed that these two laws currently contain “major concessions” by the KRG. Although the Iraqi constitution gives the KRG the sole authority to develop new fields in the Kurdistan Region and receive revenue from those fields, it has agreed to share those revenues with the rest of Iraq.

Kurdistan Regional Government 28&RNNr=70

The foreign investment law has been passed and its clauses are being finalized and should be enacted around April.

I heard back from Warka..... - Investor's Iraq Forum

Foreign investors are not yet allowed to trade on the two-and-a-half-year-old Iraq Stock Exchange—“They have said, ‘within six months,’ for the last two-and-a-half-years,” Englund laments, though he adds optimistically, “there is a possibility it will happen by the end of the year, but nobody really knows”—so you need locals on the ground.

Englund suspects that once the foreign investment restrictions are lifted, the floodgates will open. “There is a lot of interest from foreigners to enter the Iraq Stock Market,” he says. “

LawkSalih.Com


"Iraq's Prime Minister Nouri al-Maliki discussed in a meeting with the World Bank director, currently on a visit to Baghdad, the necessary means for the Bank to support Iraq in view of the international pact with Iraq,"

http://www.aswataliraq.info/modules....rder=0&thold=0




APRIL 1, 2007!!!

Don't know about anyone else but it sounds good to me. I just wish that they would "GET ER DONE!"

Originally Posted by mountaingirl

Don't know about anyone else but it sounds good to me. I just wish that they would "GET ER DONE!"

Don't forget...

April 1 = April Fool's Day.

Originally Posted by Vipor

Don't forget...

April 1 = April Fool's Day.

Ya, if i hear of a RV on Sunday (April 1) morning, i'll be double-checking - no triple checking - before i start jumping up and down.

Originally Posted by webinvestor

Ya, if i hear of a RV on Sunday (April 1) morning, i'll be double-checking - no triple checking - before i start jumping up and down.

Just don't go to IIF... I'm sure there will be no shortage of smart@$$ trying to be funny...