Thread: IMF April 30, 2007

Nevermind, I've found it. I didn't realize that the search function had so many capabilities! I know that you have so many posts, I thought I would never find it.

"Remember, that the Chase Banks gave me a .26 Sell and .28 Buy that day. It is inline and was for a Reason."

Originally Posted by neno

Iraq: Exchange Rate
as of April 30, 2007
The SDR is an international reserve asset created by the IMF in 1969 and serves as its unit of account. The currency value of the SDR is determined by summing the values in U.S. dollars of a basket of major currencies.



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(in SDRs per Currency unit)

Date Exchange Rate
April 30, 2007 0.000516326
April 28, 2006 0.000460244
April 29, 2005 0.000451682
September 22, 2004 0.000466938
September 08, 2003 2.53758
April 30, 2002 2.53758
April 30, 2000 2.43852
April 30, 1999 2.38074
April 30, 1998 2.38881
April 30, 1997 2.3558
April 30, 1996 2.21848
April 30, 1995 2.04504
April 30, 1994 2.26323
April 30, 1993 2.26004
April 30, 1992 2.34852
April 30, 1991 2.39924
April 30, 1990 2.46985
April 28, 1989 2.48283
April 29, 1988 2.32407
April 30, 1987 2.46269
April 30, 1986 2.73556
April 30, 1985 3.24557



Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.

Iraq: Financial Position in the Fund


Iraq: Exchange Rate as of April 30, 2007

Hi Neno, I'm not sure how to ask this question, but here goes.
From the above chart of the SDR, Sept.22,2004 was 0.000466938, so using that SDR rate what would , the Dinar have been valued at, and why wasn't it.
I can remember from my airline days, the Meridian Rate, which is the same thing as the SDR rate, was a universal rate, and helped us convert currencies to give a correct airtkt. price in foreign currencies. It was always dead on correct. If this 0.000516326 after converting figures to .19, then why isn't it?
A better question is, is that what it will be?
Thanks, barmurphy

IMF SDR's conversion to all other Currencies listed on XE.com

Originally Posted by Onenomad

Hi sorry just to make sure Im correct that was .19 dinar to the dollar? or the other way around?

1269/Dinars to the US Dollar or $788.02 per million Dinars

To

0.19*/Dinars to the US Dollar or $5,263,157.89 per million Dinars

* as of 4/30/2007 9:09:39 AM CST as per Central Bank of Iraq website

Originally Posted by neno

1269/Dinars to the US Dollar or $788.02 per million Dinars

To

0.19*/Dinars to the US Dollar or $5,263,157.89 per million Dinars

* as of 4/30/2007 9:09:39 AM CST as per Central Bank of Iraq website

Thank You, Now here's to it not being just a randomly chosen number *Crossing Fingers*

Originally Posted by neno

1269/Dinars to the US Dollar or $788.02 per million Dinars

To

0.19*/Dinars to the US Dollar or $5,263,157.89 per million Dinars

* as of 4/30/2007 9:09:39 AM CST as per Central Bank of Iraq website

I love that dancing around the question...

Damn, at this point, I'll be happy with .19 fowards, backwards, left, right, up, down, reversed, inversed, in a mirror and even standing on it's head.

Let them just do it.

Dinarstars

Originally Posted by barmurphy

Hi Neno, I'm not sure how to ask this question, but here goes.
From the above chart of the SDR, Sept.22,2004 was 0.000466938, so using that SDR rate what would , the Dinar have been valued at, and why wasn't it.

Would have to find the SDR rate at that time and then do the equation to figure it. If you used the one from:

Friday
May 18, 2007
1 USD =
0.660185 SDR

Then you have your answer. But I dont know what the SDR rate was for that Day.
I can remember from my airline days, the Meridian Rate, which is the same thing as the SDR rate, was a universal rate, and helped us convert currencies to give a correct airtkt. price in foreign currencies. It was always dead on correct.

If this 0.000516326 after converting figures to .19, then why isn't it?
A better question is, is that what it will be?

If they use the 3 zero removal they have said before from the IMF rate you have there for April 30th and use the Peg to the dollar convertion, then yes and when they are ready to act all the laws I would guess.
Thanks, barmurphy

Now, after reading what Kuwait has just done, it would seem that Iraq may very well use the SDR Equation. And if they did from what we have of April 30th from the IMF file and use the SDR rate of May 18th, and....they implemented it now. You and I would see $1.27 now. There is alot of if's there. They will use one of these equations, that is a fact. Just since the IMF Updated 2 weeks later for the April 30th rate, it has us all Speculators really Speculating Now....

Someone please show me how this math adds up! I don't think that even on a bad acid trip. One could convert 0.19 to our 5mil!

0.19*/Dinars to the US Dollar or $5,263,157.89 per million Dinars

It does'nt add up. It should only be $190,000.00

Originally Posted by Hummerman

It doesn't add up. It should only be $190,000.00

That's .19 dinar per dollar. So divide 1,000,000 dollars by .19 dinar and it equals 5,263,157.8 dollars.

I am not saying this is what will happen but I am saying the equation is correct.