I wouldn't have a problem taking that to the bank.
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When myself and a few of my fellow airmen where trying to figure a strategy for this investment we came across an idea that we thought could get us straight for the rest of our lives. If possible we would invest enough that if the dinar rv'd at $.10 we would be millionaires. That's' what we did. Anything above $.10 is real gravy.
This is where people get confused about the mathmatics of this whole thing. When one mentions -just as an example - an RV of approximately 3 to 1, it gets confusing as to which is worth the "$3" and which is worth the "$1".
I've heard about equal amounts of speculation for both sides of the coin. However, I did hear it mentioned that there was a desire to have the NQD RV at a similar rate compared to it's neighboring countries. I've researched that... (sorry if I'm wrong, but it's the info I gathered), 1 Kuwait dinar is worth $2.97 USD. This would explain the 3 dinar (approx.) for $1 USD that we've been hearing from some. Others say 3 dinar to 1 US, which would explain the RV speculation at just over $0.30 as mentioned in the post above.
Perhaps I'm evaluating my information incorrectly, but it seems the more I read, the more confusing it becomes.
I don't mean to undermind neno and OSW for their information, but could someone please clarify for me the rate of the Kuwait Dinar and either confirm or deny my view on it's value in USD ... and also the value of the Iraqi Dinar value prior to 2003?
Thanks to all who attempt to clear this up for me.
Kerry
You Planed well. OSW was my mentor as for the stradigy he put forth. But, after the first million cashed in, he has always mentored the group to not cash all in. I agree with him totally for the future of the dinar, or unless it does come in high or rises high quickly. Then I am out just as quick as well. It is good to have a stradigy in anything. Good for you and your bud's.
All is good, thanks for you imput. I ran this and the dates at XE.com - The World's Favorite Currency Site Hope this helps.
Kuwaiti Dinar as of Today June 19, 2007 is: XE.com - Interactive Currency Table
USD United States Dollars 3.4715845847 0.2880528979
Iraqi Dinar Value as of March 1, 2003: XE.com - Interactive Currency Table
USD United States Dollars 3.2164683178 0.3109000000
Prior to 2003: December 31, 2002 Same: XE.com - The World's Favorite Currency Site
USD United States Dollars 3.2164683178 0.3109000000
Bronco,
I just checked and the Kuwaiti Dinar is rated at 1 Kuwaiti Dinar to $3.4709 USD. In short if you turn in 100 Kuwaiti Dinars you will get $347.09 USD.
Hope this helps…
DesertWolf
Is this your SPECULATION or is there any hard evidence(link or news report) that switzerland has large amounts of gold in holding that belongs to the nation of iraq? I have heard of something like this before in the past but was it ever proven or was it hearsay?:thumbsup::ro_emote:
There has been articles of the finds, along with even more in other countries. If you search the old Iraq/Dinar News threads, you will find them. Asfar as if they were used to back Sadam's rate, I dont know that one, or if they were just out of country stash's he had that have been discovered. But there is alot of Gold that has been discovered. Reports never really clarified that.