My theory on the budget and new value of the dinar
Hello everyone. I finally decided to post. I have been lurking around many message boards for some time now. I am friend of Cyber Khan. I felt this was a post I wanted to touch on. here is how I read the budget announcement ( don't forget translation problems)
Baghdad, Feb 8, (VOI)- Iraq's Parliament approved on Thursday an ID 42,640,000 million (USD 32,200 million) FY 2007 budget.
ID 42,640,000 million = 42.64 Billion
US .....32,000 million = 32 Million
Now this could be a good thing since for example the state of NJ has a budget of 30 billion or so..and there is no way they are going to run Iraq on that amount. It can still be 42.64 Billion ID but with a different value (our beloved revalue) Now Let's say for the sake of argument that Iraq is comparable to Iran. Iran brings in and runs its economy on 50 Billion US they get from oil a year. OK now for some hard core math to get a ball park figure on the new value.... bare with me please...
1usd = 1286 id
2007 budget = 32million US/42 Billion ID
Do some algorithmic math take your 42 billion dollar budget and your 50 Billion in oils sales =
42 10to the 9th
50 10 to the 9th = around .84 Cents for our new value.
Well that's my new theory anyway
-Lex