Ditto! :toofunny: :rofl:
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It is what is believed with the upcoming events, and the Days they fall on. Asfar as a ANNOUNCEMENT to the World, I dought it. Mostlikely to the World will be just as it is now. Someone finds a Article or sees the CBI site updated and it just grows from there. IMHO
My first email from them was at 3:30 am CST, with the 1269 from 1270.
Then again at 9:08 am CST, with the .19 from 1270 move.
Then once more at 10:38am CST, back to the 1269 from 1270.
What got me was I was on the phone with Chase at around the time between the 9:08 and the 10:38 emails. Once I went from my BM friend's rate disclose on her screen a the Bank to the next Teller it all changed.
So Chase piggyback it also. :wink:
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."
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
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. :wink: 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.... :ro_emote:
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
I know there really is no answer at this time, and I remember a couple of posts back some one giving the SDR rate to the USD rate, and it seamed to match the .000790, so we have to see what it is RV to, and if zero's come off.
Thanks for all the excitement, it started to feel like April 30th all over again.
barmurphy
W H E N ????
so are we 100% sure their was a previous LOI that stated a want to RV the dinar at 1 to 1 euro in the past?
and if so, could this inclue a " lop " , to make this RV happen?
Why would there be a lop? Is this expected. Why wouldn't there be a lop?
Would it be advantageous to lop or is the USA heavily invested in dinar and this will not be alowed to happen?
I'm just hopin' for at least that $1.27 value that has been bantered about here.
Yeah, no kidding Mike. It does make one wonder doesn't.
Been away for a while so catching up. All this info is quite confusing. The way I look at it is we can't do anything about the rate or the date for that matter. All I want to know is WHENNNNNN!!!!!!
.19 is an oddball number to pull out of the blue on the CBI site. I think it is much more than a coincidence - however, I wouldn't take the number as a potential revalue amount. Take it more as a data-entry error or something. If it works out for the better, then it is best to be surprised because if it doesn't work out, it is a big disappointment.
Yeah, it is VERY strange you are able to get to that using the numbers. Where do the 1000 fils fit in the equation?
I just think it is interesting.
About 6 months ago got some information from I began to talk to on the phone that is in the oil buisiness.
At that time he said he new several high ranking government officials that bought alot of dinar. I believe he said one had bought 100 million. He also told me that China had cleared out all the scrap yards around Houston and hired alot of ship workers out of Pascagola,MS to build oil tankers for Iraqi Oil.
Also about that time he said he heard that the dinar was going to rv at .91 euro. At that time the number converting to dollars was $1.27.
Coincidence or not with the same number being bantered about now?
:woohoo:
Special Drawing Right (SDR)
International reserve asset created by the IMF in 1969 as a supplement to existing reserve assets.
• SDR Allocation. Distribution of SDRs to members by decision of the IMF. A "general" allocation requires a finding by the IMF that there is a global need for additional liquidity.
• SDR Assessment. An assessment levied by the IMF, at the same rate for all participants in the SDR Department, on a participant’s net cumulative SDR allocations, to cover the expenses of conducting the business of the SDR Department.
• SDR Department. This department, an accounting entity rather than an organizational unit of the IMF, records and administers all transactions and operations involving SDRs.
• SDR Interest and Charges. Interest is paid to each holder of SDRs. Charges are levied, at the same rate, on each participant’s net cumulative SDR allocations. The SDR interest rate is determined weekly by reference to a short-term market interest rates on the currencies used for SDR valuation. Interest on SDR holdings is paid, and charges on net cumulative allocations are collected, on a quarterly basis, and are settled on the first day of the subsequent quarter.
• SDR Use. Participants in the SDR Department (currently all members of the IMF) and prescribed holders may use SDRs in a variety of voluntary transfers, including transactions by agreement, swap arrangements, forward operations, and so forth. Participants may also use SDRs in operations and transactions involving the General Resources Account (GRA), such as the payment of charges and repurchases (repayments). In addition, the IMF ensures that a participant with a balance of payments or reserve need to acquire foreign exchange is able to use its SDRs in a "transaction with designation".
• SDR Valuation. The currency value of the SDR is determined daily by the IMF by summing the values in U.S. dollars, based on market exchange rates, of a basket of four major currencies—the euro, Japanese yen, pound sterling, and the U.S. dollar. The SDR valuation basket is normally reviewed every five years. The last review, which took place in 2000 (see Press Release No. 00/55), resulted in a revision of the weights assigned to each currency in order to take into account the introduction of the euro on January 1, 1999 and the growing role of international financial markets. The revisions in the valuation basket became effective on January 1, 2001 (see Press Release No. 00/87).
Thank you Mr Wizard!