Thread: Phone Call From A Freind.....

From what I've read in the past, they want the VND to fall in place with the other Asian nations.

Below are rates of some of the neighboring countries and their exchange rates to compare:

China

$1 = 7.80 China Yuan Renminbi

Malaysia

$1 = 3.54 Malaysia Ringgits

Taiwan

$1 = 32.875 Taiwan New Dollars

Philippines

$1 = 49.00 Philippines Pesos

Vietnam

$1 =15,895 Vietnam Dong

The above represents approximate rates as of 02/12/07 Exchange rates are subject to change

I know the two posts prior will get pulled out of here, but I was only helping to answer a question.

Originally Posted by notazbad2000

$1 = 49.00 Philippines Pesos

WOW! When I was there it was $1 = 20.00. I thought that was a bargain then.

And now for something completely different...

Back to the dinar, pretty please.

Originally Posted by zipper

And now for something completely different...

Back to the dinar, pretty please.

Forgive me. but i was only answering a question put to the forum...it won't happen again.

Hey folks go see Post 539 by Adster in THE THINK TANK. I think you'll like it!
Especially SGS.

hey gang, how long do you think it is going to take until they enact it???

For darn sure they are moving fast these days!!
A week, a month? Anyone?

Did we read an article a couple of days ago saying that the HCL will NOT take the normal route and it would be applied pretty fast?

Or my memory is f***ed up....

You may have noticed that Susie has recently added "or $3.22" to her
"signature line."

I remember back in September thinking that the small minority of those
suggesting such a number had taken leave of their senses. But now, I'm not so sure.

Assume for argument's sake that twenty (20) trillion dinars were printed and
that the United States holds five (5) trillion. Both of these figures have been
suggested in prior posts. Then also assume that other governments and
people like us hold another five (5) trillion. Then assume that Socata 850
is right when he says that approximately six (6) trillion will have been taken
out of circulation by the CBI as soon as tomorrow. That leaves only four (4)
trillion dinars currently in circulation.

Now assume that the CBI continues at its current pace and takes another
one (1) trillion out by March 21st. We are now down to approximately
three (3) trillion in circulation. This figure is roughly supported by wciappetta's report that there were 4.6 trillion dinars in circulation in
November of 2005.

Now ask yourself the question of which was/is more feasible: (1) an r/v at $1.20 (.93 of the euro based upon Susie's corroborated rumors), at a time when neither the FIL nor the HCL had been passed and at a time when the amount of dinars in circulation was approximately ten (10) trillion; or (2) an r/v at $3.22 at a time post passage of the FIL and HCL when the amount of dinars in circulation is expected to be approximately three (3) trillion?

I suggest to you that choice (2) may be just as feasible on March 22nd as
choice (1) was in late September. Hasn't $3.22 been said to be the "normal"
or "previous" rate in Iraq? Add to these positives the impending admission
of Iraq into the WTO, the assists from the World Bank and the IMF, the improved security expected to be delivered by General Petraeus, and the
increase in the price of oil well beyond the $50 per barrel assumed for 2007
budgetary purposes - and what you might conclude is that $1.29 is some-
thing of a minimum r/v number.

I remember that too,Jola,hopefully it will be enacted this week and then maybe our reval over the weekend!
Cheer's too all!!
GO DINAR GO!!!
Sarah!

While I would personally love to see an RV at 3.22 or whatever - higher than 1.20 - I believe that they would jump the gun with this....they are a young democracy, with a young economy, they need investors to come in...I think it will hit big in a couple of years though... like $4-5/ 1 dinar. And we should not forget that - for example - duck20000 posted something like " rv at over a dollar or one of the previous rates will be adopted"...which , I believe also 33 cents was a "previous rate also"...but again, another "previous rate" was $3.45 in 1980...

Who knows...JMO