Thread: IMF April 30, 2007

FYI,
Every country that uses the Dinar as their base currency, and uses fils as their division of such, has a rate of 1 Dinar = 1000 fils.

This is much easier to remember than whether a country is Arab or not.

5. We have tightened our exchange rate and monetary policies to fight inflation. The
exchange rate of the Iraqi dinar was pegged to the U.S. dollar through most of the year at a
rate close to ID 1,477 per U.S. dollar. From mid-November this policy has been adjusted to
permit a gradual appreciation of the dinar; the daily auction-rate declined to ID 1,325 per
U.S. dollar at end-December and reached ID 1,290 per U.S. dollar by end-January. Net international reserves continued to grow and reached a level of $15.3 billion at end-
November 2006. The CBI also raised its policy interest rate to 16 percent on November 12,
2006, and further to 20 percent as of January 7, 2007.

http://www.imf.org/external/np/loi/2007/irq/022307.pdf

Also, it doesn't matter if it is 100 or 1000 fils now. It still equals the same to the Dollar..

What we want is for the New Letter of Intent, to have the same writting in it as this above. Being pegged to the Dollar. But if it is going to be Pegged to the SDR, I will try and show you as soon as I can, what that amount will be based, on the 3 zeros being removed from the April 30th 2007 IMF Log.

Originally Posted by neno

Friday
May 18, 2007
1 USD =
0.660185 SDR

1 SDR =
1.51473 USD

SDR Interest Rate = 4.22%

Exchange Rate Archives by Month

We know that $1 USD = .660185 SDR and $1 NID = 0.000516326 SDR due to the rates posted on IMF. From here you use the following equation:

$1 USD .660185 SDR
--------- = ------------------
$x USD 0.000516326 SDR

Now you determine "x" by cross multiplying the numbers and divinding by "x". So, you get:

($1 USD * 0.000516326 SDR) = (.660185 SDR * $x USD).

The equation now looks like this:

0.000516326 = .660185x.

Now divide 0.000516326/.660185x and you will get the answer $ 0.00078209 USD. Now we need to see what that is worth a little easier. Since we have large NID, it is easier to look at it from the standpoint of, "My NID is worth x".

To do this use the same type of equation and process:

$1 NID $ 0.00078209 USD
-------- = -----------------------
$x NID $ 1 USD

The answer is $0.00127. Now if they drop 3 zeros from the rate, $1 NID = $.78 USD, or for every $1 dollar, NID equals $1.27. Hope this helps!

Originally Posted by apwerner

Ohhhh, you have a child graduating. That's very exciting. Is she graduating high school or college?

This was my 4th one to Graduate from High School. She is going to college as her Oldest Sister Graduated from collage 2 years ago. The other older two Brothers are in the OIL FIELD.

Two More Next year and then the Baby at Home, with a very Rich Dad before all that agiain.

Originally Posted by cooldolphins

o.k. I am no EXPERT, but I HAVE piddled around with the dyslexic tendencied with the exchange rate. ON SAFE dinars, the rate WAS automatically figured at .19 usd = 1 dinar, which gave us the $5.26 or cost of over $5 million to purchase one million dinar.

Play around on the exchange rate site at ya hoo. Here: Therefore, IF the rate were 1 IQD = .19 usd, we're in mega money.

IF the rate were .19 IQD = 1 usd, that is like dividing a million by 5 and that would make our million around 200K. THIS is not the scenario of what safedinar was reporting that crazy day.

That was a Crazy Day. 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

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

So where do you think the .26 comes into play with everything?... The equation you came up with makes a lot of sence, but I don't get the .26 quite yet.

Originally Posted by s_cotton33

So where do you think the .26 comes into play with everything?... The equation you came up with makes a lot of sence, but I don't get the .26 quite yet.

These Equations were just taught to me and explained as I promised I would make some calls. That would of been Chases sell rate to me of .05 Profit margin for them.

Originally Posted by neno

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

Do I remember?! I have framed my update from safedinar from April 30th!! LOL! And then, dear Neno, you got on the phone with Chase. I still for the life of me don't see how they could have been so mistaken when you explained everything. Still, it didn't happen, and I fried my cerebral cortex trying to figure out the subterfuge. Back to waitin'... How long will the CBI keep the 1260 rate? Discuss...

Originally Posted by whatever

Do I remember?! I have framed my update from safedinar from April 30th!! LOL! And then, dear Neno, you got on the phone with Chase. I still for the life of me don't see how they could have been so mistaken when you explained everything. Still, it didn't happen, and I fried my cerebral cortex trying to figure out the subterfuge. Back to waitin'... How long will the CBI keep the 1260 rate? Discuss...

That was a day to remember, that is for sure. I still have the same one too. Made many Copies for others close to me. I dont believe it was meant to happen that day.

To be Honest, I missed it...Ward here at Rolclub, made me realise what I was told from Chase. I was Shakin like a Leaf in a Texas Tornado that Morning and just didn't realise it at the time.

IMHO....Based on all I confine in....Plus all the Articles just posted as well in the Think Tank......I have a gut feeling of still FIRST WEEK IN JUNE. Have had others believe that there will be a Internal RV before the last day of May for the Oil Summit. Then External as the ISX Opens that first week in June.

Originally Posted by neno

We know that $1 USD = .660185 SDR and $1 NID = 0.000516326 SDR due to the rates posted on IMF. From here you use the following equation:

$1 USD .660185 SDR
--------- = ------------------
$x USD 0.000516326 SDR

Now you determine "x" by cross multiplying the numbers and divinding by "x". So, you get:

($1 USD * 0.000516326 SDR) = (.660185 SDR * $x USD).

The equation now looks like this:

0.000516326 = .660185x.

Now divide 0.000516326/.660185x and you will get the answer $ 0.00078209 USD. Now we need to see what that is worth a little easier. Since we have large NID, it is easier to look at it from the standpoint of, "My NID is worth x".

To do this use the same type of equation and process:

$1 NID $ 0.00078209 USD
-------- = -----------------------
$x NID $ 1 USD

The answer is $0.00127. Now if they drop 3 zeros from the rate, $1 NID = $.78 USD, or for every $1 dollar, NID equals $1.27. Hope this helps!

The only problem I see with this is that you are already working in USD.Therefore it is .78 per dinar.
Like you stated 1 sdr = 1.51473 USD
1 dinar = 0.000516326 sdr
all you do is multiply 1.51473 USD x .000516326 = .00078209448198
seeing we are already using the usd rate a 3 zero move equals .78209448198 usd not usd per dinar.