Yes Mam you got that right...........that proves the value parity or near parity of the two monetary systems.
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On the FXConverter - Currency Converter for 164 Currencies its as follows:
1 SAR = 0.27 USD and 1 USD = 3.75 SAR
1 KWD = 3.47 USD and 1 USD = 0.30 KWD
A DIFFERENCE OF $3.20 USD
Currency Converter for 164 Currencies
neno, found this in the news thread. smokin mirrors, or is your source smokin?:biggrin:
Iraq oil law no closer to completion | Iraq Updates
From that article:
...Petroleum Intelligence Weekly reports the Kurdistan Regional Government said the Kurdish bloc in Parliament will reject the law if the annex stands as is. The KRG will move forward unilaterally on development if the law isn't passed by the end of May, which is looking increasingly likely....
Update: They have a meeting TODAY to settle that. *( the article should be in the news section aslo)
It is:smile: http://www.rolclub.com/192103-post666.html
ALL BONDS WERE SOLD YESTERDAYVietnam's government bond coupon rises to 7.15 pct
The annual coupon on Vietnam's government bond issue edged up to 7.15 percent this week, from 7 percent in early April and a record low of 6.5 percent on debt sold in March, the Hanoi stock exchange said Wednesday.
The over-the-counter market said four investors bought VND300 billion (US$18.6 million) worth of five-year government bonds on par with their VND100,000 face value on Tuesday, after bidders priced the debt at between 7 percent and 7.5 percent.
At the previous auction on April 10, a total of VND700 billion ($41 million) worth of five-year government bonds were sold to four investors at 7 percent, up from a record low coupon of 6.5 percent at the previous auction on Marh 26.
The government has raised VND2.46 trillion ($153 million) worth of five-year bonds at four auctions on the Hanoi Securities Trading Center so far this year, or 61.5 percent of the debt on offer, with coupons ranging between 6.5 percent and 7.62 percent.
The Hanoi stock exchange also said it planned to hold another bond auction to raise VND400 billion ($25 million) in May.
The Finance Ministry plans to raise VND22 trillion ($1.37 billion) worth of government bonds between March and year-end to invest in transport and irrigation projects.
The debt terms will range from five years to 15 years.
Apart from selling government bonds, the Hanoi market also auctioned debt issued by the Vietnam Development Bank and urban bonds issued by the Ho Chi Minh City government.
Source: Reuters
Vietnam latest news - Thanh Nien Daily
Neno:
Been told that they are saying something to the effect that the Dong is held up do to a Bond Issue that is being passed and that the Dong has to RV before the Bond thing is done.
So, which is it? Looks like NO RV before the bonds were sold??
Looks like the dong did not HAVE to RV before the bonds were done.
Randy
Another source bites the dust AGAIN!!!!