Thread: IMF April 30, 2007

Originally Posted by STORMS

I am not sure either, I had heard it was 1000 FIL or it use to be.

it is based on a 1000 fil system. saudi arabia is based on the 100 fil system hence why their exchange rate is actually higher than .27 or whatever it lists as.

Neno,
I appreciate the very thought out and lengthy reply to me asking for the math equation. I guess I am a little confused b/c the original math showed a rate of .19. what happened to that one?

The one you did most recently matches the .79 which could be figured by just lifting the 3 0's off of the exchange rate, right?

Originally Posted by megansgirl

Just noticed something, probably not signifcant, but interesting nontheless.

If you take the last pre war rate:

September 08, 2003 2.53758

Divide by 2 and what do you get?............1.265!

Something that makes you go hmmmmmmmmmmmm...........

I don't post often but read every day so, my thanks to all who contribute and work hard to keep us all updated, it really is appreciated!

Sara

actually, this concept would go hand in hand with the rumor that i have heard indicating that the dinar will revalue just over a dollar and then within the year it would revalue again doubling the original amount.

Originally Posted by neno

With the figure from the IMF listed on April 30, 2007 and Iraq does use the Peg to the SDR in the New Letter of Intent that I wish could be found, then it would come to $1.27 TODAY.........

Now THAT is pretty cool Neno!!

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.

safedinar wasnt reporting that figure however, the cbi automatically generated email which senses changes on the website is the one that reported that. THE CBI not safe d.

Originally Posted by shotgunsusie

safedinar wasnt reporting that figure however, the cbi automatically generated email which senses changes on the website is the one that reported that. THE CBI not safe d.

thanks.
CBI sent the rate to safe d supposedly, and that's why safe d sent the emails. That's how I read the safe d email.

Originally Posted by cooldolphins

thanks.
CBI sent the rate to safe d supposedly, and that's why safe d sent the emails. That's how I read the safe d email.

yes. both were automatically generated emails to subscribers.

now, this all is so very interesting that all these figures end up criss-crossing and not just approximates but exact amounts. i believe youve stumbled upon the answer to the rate here folks.

Originally Posted by danny51

Now THAT is pretty cool Neno!!

But we dont want the SDR Rate for the Peg. We want the Peg to the Dollar rate as to be in the New LOI like it was in the last LOI. This will put us much higher than the SDR Peg rate.

Someone please help me...My question was How they got to this:NENO:

Just figuring what we have here. Now lift the 3 Zeros they have talked about, and we would get this.....

0.000516326 Move 3 Zeros. Wouldn't that be .516326 divided by 100 fils = 1.9230769 Which would be $1.92 per dinar. One Million Dinar would then be worth $1,920,000.00 Help anyone, isn't this right if that was the case? Sounds really nice...

then Storms said:

What would happen if you divided it by 1000 FIL's? .516326 = .19 Would that be right?

Then I asked:

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???

Then Neno answered:

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!

But that isn't the original problem from above.

Originally Posted by shotgunsusie

yes. both were automatically generated emails to subscribers.

now, this all is so very interesting that all these figures end up criss-crossing and not just approximates but exact amounts. i believe youve stumbled upon the answer to the rate here folks.

Not a Stumble.