Thread: IMF April 30, 2007

Originally Posted by screwball

.19 IQD = 1 USD (or our infamous $5.26) Isnt this the famous figure that was on Safe dinars website???

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:

I want to convert...

Currency Conversion ResultsSymbolIraqi DinarExchange
RateU.S. DollarBidAskIQDUSD=X1May 180.00079350.00079350.00079350.0007967

Currency Converter > Results
I want to convert...

Currency Conversion ResultsSymbolU.S. DollarExchange
RateIraqi DinarBidAskUSDIQD=X1May 181,260.21,260.21,260.21,265.2

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.

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.

Hey Cool,

Think you got it backwards. If 1 iqd = .19 usd then for ever dinar we would only have .19 or $190,000 per million dinar.

The other way is much, much better at .19 iqd to 1 usd. How many times will .19 go into 1? That is over $5 bucks to every one dinar! Yeah!

OK I am really confused NOW!
Can someone answer this. If ANY countries currency is identified by the SDR then you would have to reconvert before you could convert against a different countries rate?
Example
IQD 1=.0005XXXXSDR's
in order to convert IQD to US$ I cant take the SDR of .0005 and use it in any of the conversion steps to find out what its worth to the $
WOW now I am confused by what I am even saying WOOOOO HOOOO comin Dinar, put the Math Wizards to bed and make us WEALTHY.

Sorry for my MOMBO JUMBO

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.

Dolph,
I think you have it backwards...
Mega bucks ($5.26) would be .19 IQD = 1 USD, where 1 IQD = .19 USD (or 19 cents per dinar).

Either way I will be happy, just a little happier if it is the first way.

Dinarstars

Originally Posted by Dinarstars

Dolph,
I think you have it backwards...
Mega bucks ($5.26) would be .19 IQD = 1 USD, where 1 IQD = .19 USD (or 19 cents per dinar).

Either way I will be happy, just a little happier if it is the first way.

Dinarstars

I think you are correct. Maybe I REALLY am dyslexic

Originally Posted by readytogo

Hey Cool,

Think you got it backwards. If 1 iqd = .19 usd then for ever dinar we would only have .19 or $190,000 per million dinar.

The other way is much, much better at .19 iqd to 1 usd. How many times will .19 go into 1? That is over $5 bucks to every one dinar! Yeah!

Same here....what I just told dinarstars!

Originally Posted by cooldolphins

I think you are correct. Maybe I REALLY am dyslexic

Yea I have to agree with Dinar Star too. I have a suggestion for your dislexia, I use it with my students! Change the background color, (they use color overlays, hehehehe You know I love seeing that .19 rumor resurface. It gets me so Hyped. Love it!

Fils (currency)

From Wikipedia, the free encyclopedia

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For the river in Germany, see Fils River The fils (Arabic alphabet: ﻔﻟﺲ) is a subdivision of currency used in many Arab countries, such as Iraq. "Fils" is the singular form in Arabic, not the plural as its ending might indicate to an English speaker. The plural form of fils, fuloos (ﻔﻟﻮﺲ), has been adapted in the Arabic language to mean simply "money".

• 1 Bahraini dinar = 1000 fils
• 1 Iraqi dinar = 1000 fils
• 1 Jordanian dinar = 1000 fils
• 1 Kuwaiti dinar = 1000 fils
• 1 United Arab Emirates dirham = 100 fils
• 1 Yemeni rial = 100 fils

Retrieved from "Fils (currency) - Wikipedia, the free encyclopedia"


also, can you all who were playing around with the numbers please explain how dividing .000516326 after removing 3 0's by 1000 fils = .19???

can you lay out the entire math equation???

Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised
29 June 2006 (Baghdad: Al Sabah newspaper)
The Ministry of Finance together with the Central Bank are studying a proposal to raise the value of the Iraqi dinar in order to return it to previous levels where one Iraqi dinar was valued at 3.33 US dollars. This was pre 1980 before Iraq became involved in three destructive wars that at one time led to the currency's value dropping to a level of 3,000 Iraqi dinars to one US dollar. The proposal has the support and approval of the World Bank.
A statement was made to AL Sabah by B.J. AL Zubaidi, the Minister of Finance, in which he said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its value so that one Dinar be equal to a Dollar. He explained that the financial authorities were set on holding a meeting next month to discuss the matter. The meeting is to be attended by experts and spe******ts from the Ministry of Finance, the Iraqi Central Bank and the Commercial Bank .
The new Minister confirmed that 2007 would see the preparation of a qualitative budget, the first of its kind in Iraq history, and that the new program would pinpoint economic indicators.

Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised | Iraq Updates

I thought this would be useful to those who missed where the three zero theory came from, just to dispell any rumors!

thanks for that. interesting article.