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randalln

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Everything posted by randalln

  1. You go too the store and, you buy two apples, to get you through the day . There is all three in on sentence if it ant right i will just use 2 from now on
  2. A herd of buffalo can only move as fast as its slowest buffalo.........And when the herd is hunted ............it is the slowest and weakest ones at the back that are killed first. This natural selection is good for the health of the herd ........ Because......... the regular killing of the weakest........speeds up the herd as a whole . Much in the same way that the Brain ............can only operate as fast as the slowest brain cells . Now as we know..........excessive intake of alcohol kills braincells ......But naturally ........It attacks the slowest and weakest brain cells first . In this way..................regular consumption of Beer eliminates the weaker brain cells .....In turn......making the brain a faster more efficient machine . And thats why you always feel smarter after a few beers but the answer that your looking for is it would take twice as log to nail pan cakes to a out house .....than it would for that grasshopper to clean that wooden leg afterward
  3. The specific answer we seek is the total duration of time it would take a monkey with a wooden leg to kick the seeds from the dill pickle. The difficulty in resolving this problem lies within the fact that various pickles, dill or not, contain a varying amount of seeds. Furthermore, the size, strength and ability of a single-legged monkey can vary greatly. Therefore, without more specific parameters the question is impossible to answer.
  4. X*1.28(L)/S=X this is the equation but without knowing how many seeds are in the cucumber it is imposable to calculate but i think this is what you meant to say If a chicken and a half lays an egg and a half in a day and a half, how long would it take a woodpecker with a wooden leg to kick all the seeds out of a dill pickle?
  5. to the right ..............of where you started
  6. ONE LAST HOLE FOR YOU TO CRAWL IN bet ya dont believe that St.Nicholas was real either Singapore revalues currency as Q1 GDP surgesWRITTEN BY REUTERS WEDNESDAY, 14 APRIL 2010 10:21 Singapore’s central bank aggressively tightened its monetary policy on Wednesday by effectively revaluating the Singapore dollar, after the economy grew at a record pace in the first quarter. The central bank also switched to a policy of modest and gradual appreciation for the Singapore dollar, which climbed to a five-month high after the move, and said the economy had fully recovered from its worst ever recession. The decision came as the economy expanded a bigger-than-expected 32.1 % from the previous quarter on an seasonally adjusted and annualised basis, the highest since records began in 1975. “The Singapore economy has rebounded from the downturn and is expected to continue on its firm recovery path...at the same time, inflationary pressures are likely to pick up,” the Monetary Authority of Singapore (MAS) said in a statement. It said economy has now fully recovered the output lost during the recession, and several industries have already exceeded their pre-crisis peaks. The central bank only sets policy twice a year and manages the Singapore dollar (SGD=) in a secret trade-weighted band against a basket of currencies, instead of setting interest rates. At its last meeting in October 2009 the monetary authority maintained a policy of zero appreciation for the currency after it eased policy in April 2009 in an effective one-off devaluation to cushion the economy during the financial crisis. The Singapore dollar strengthened to 1.3794/98 against the U.S. dollar by 0124 GMT from 1.3916 before the policy decision, and other Asian currencies also rose. The Singapore dollar has gained 1.8% so far this year, still less than most emerging Asian market currencies. Foreign exchange and interest rate market players had been betting the central bank would tighten policy, following the regional lead of Malaysia and India last month, though few expected it to both revalue the currency and let it climb further. Singapore’s trade-dependent economy expanded 13.1 % from a year ago in the first quarter, the strongest growth since 1994 and better than expectations of 11 % growth, as manufacturing of pharmaceuticals and electronics picked up. The economy shrank 2% last year. “It’s not just a Singapore story. It’s Asia doing extremely well against the rest of the world. Singapore’s data today confirms it,” said Endre Pedersen, executive director of fixed income at MFC Global, the asset management arm of Canadian insurer Manulife. Hong Kong-based Pedersen, who helps manage about $15 billion in Asian fixed income, said Singapore bonds remained attractive at the long end of the curve, with 10-year government bonds yielding around 2.8% compared with 0.53% for two-year paper. Singapore, home to the world’s top container shipping port and a base to multinationals such as GlaxoSmithKline (GSK.L) and ExxonMobil (XOM.N) is seen as a barometer for world trade and is among the first Asian countries to release economic data. I THINK YOU SHOULD PICK YOUR FIGHTS A LITTLE BETTER thanks Easy Felt like the good old times back when WE had to school Keep
  7. any one else feel they need to test my mental awareness ....or the capability of a good old boy from texas
  8. AND THAT IS HAVING YOUR ........ VAN ALLEN BELT TIGHTEN you might have to look up The Van Allen Belt son hahahahahahahahahaha
  9. heres the link http://www.imf.org/external/pubs/ft/ar/98/pdf/file06.pdf Why do you think its so important for IRAQ to keep getting all the extensions as of the 15 of this month all extensions expire for iraq and there currency will the revert to the $dollar and at this time they will either sink or swim There currency has to be on line at that time at the rate they wish to move forward with I would suggest you read the doc ...i set forth on the link it is very long but it explains why in 1998 the where placed on a peg restriction and why ever year leading up to and all during the war .........have been extended and now you couple that with ....all the news you surely know about the protection expiring in jun.2012 and you have your ........wait for it .....................................REINSTATEMENT that is spelled R/I not R/V and now you couple that with ....all the news you surely know about the protection expiring in jun.2012 and you have your ........wait for it .....................................REINSTATEMENT that is spelled R/I not R/V
  10. Financial Operations and Policies During 1997/98, member countries purchased(i.e., borrowed) SDR 19.0 billion from the IMF’s Gen-eral Resources Account (GRA) in the credit tranches—nearly four times the level of the previous year—andmade reserve tranche purchases of SDR 1.0 billion.15The IMF approved nine new Stand-By Arrangementsin 1997/98, with total commitments of SDR 27.3 bil-lion (including SDR 10.0 billion under the Supplemen-tal Reserve Facility), and four new ExtendedArrangements, with total commitments of SDR 2.8 bil-lion. In addition, the IMF approved eight new ESAFArrangements, with commitments totaling SDR 1.7billion. As of April 30, 1998, 14 Stand-By Arrange-ments, 13 Extended Arrangements, and 33 ESAFArrangements were in effect. With the large volume ofcredit tranche purchases, along with drawings of ESAFloans, total IMF credit outstanding rose to a recordSDR 56 billion as of April 30, 1998, from SDR 40.5billion a year earlier. With the very high demand for the use of IMFresources, the IMF’s net uncommitted usable resourcesfell by SDR 20.9 billion during 1997/98, and its liq-uidity position weakened considerably. At a review inMarch 1998, the Board considered the IMF’s liquidityposition vulnerable and expected it to remain underconsiderable strain in the period immediately ahead.Executive Directors cited the pressing need for theagreed quota increase under the Eleventh GeneralReview to take early effect and called for a rapid con-clusion of the adherence process for the New Arrange-ments to Borrow (NAB). The IMF earned a net income of SDR 164 millionin the financial year, which was placed to reserves,increasing the IMF’s reserves to SDR 2.1 billion as ofthe end of 1997/98. The level of outstanding overduefinancial obligations to the IMF increased slightly toSDR 2.3 billion in 1997/98, with the number of mem-bers in protracted arrears remaining at seven. 15As of April 30, 1998, the U.S. dollar/SDR exchange rate was Membership and Quotas In 1997/98, the Republic of Palau became the 182ndmember of the IMF, with an initial quota of SDR 2.25million. The Federal Republic of Yugoslavia (Serbia/Montenegro) has not completed arrangements for suc-cession to membership in the IMF. The Board decidedon December 10, 1997, that the country had untilJune 14, 1998, to complete such arrangements; onJune 10, 1998, this period was extended for a furthersix months. Five member countries (Democratic Republic of theCongo, Iraq,16 Liberia, Somalia, and Sudan) have notbeen able to consent to their quota increases under theNinth General Review of Quotas because of theirarrears to the General Resources Account. The Execu-tive Board approved on December 30, 1997, a six-month extension of the periods for consent to andpayment of increases in quotas under the NinthReview. In its report to the Board of Governors on theEleventh General Review of Quotas17 (see below), theBoard recommended that the period for consent toquota increases under the Ninth Review be extended tothe effective date of the quota increase under theEleventh Review, and the period for payment of quotaincreases under the Ninth Review be extended to 30days after that date. The Board began its work on the Eleventh GeneralReview of Quotas in August 1995, and it reported itsrecommendations regarding quota increases to theBoard of Governors in December 1997. The Board’sReport and the Proposed Resolution of the Board ofGovernors (Resolution No. 53-2, adopted January 30,1998) are shown in Appendix III. The Board’s recommendation to increase totalIMF quotas by 45 percent (to SDR 212 billion from 16Iraq has not made payments to the IMF in view of sanctionsunder UN Security Council Resolution No. 661, adopted onAugust 6, 1990. 17The Board of Governors concluded the Tenth General Review ofQuotas without an increase in quotas. HERE YA GO SON hope they schooled you on comprehension of what you read
  11. i DEPARTMENT OF THE TREASURY WASHINGTON, QC. 20220IRAQI SANCTIONS REGULATIONS (31 CFR Part 575)INTERPRETIVE GUIDANCE (Issued under the authority of Section 203 of the InternationalEmergency Economic Powers Act (50 U.S.C. 5 1702),Section 5 of theUnited Nations Participation Act (22 U.S.C. 5. 287c), Executive OrderNo. 12722 of August 2, 1990, Executive Order No. 12724 of August 9,1990, and Parts 501 and 575ofTitle 31 of the Code of FederalRegulations. ) Transactions in Iraqi Debt Section 575.533 authorizes U.S. persons to trade in 'Iraqi commercial or sovereign debt in secondary markets,subject to the following conditions: 23, 2003, (a) Such debt was not held in the United States orwithin the possession or control of a U.S. person as of May - see § 575.533((1), ©; and ( Unless licensed or otherwise authorized by theOffice of Foreign Assets Control, no U.S. person ispermitted to enter into any transaction, including anattempt to collect on debt, with persons or organizationsdetermined by the Director of the Office of Foreign AssetsControltobeincludedwithin§ 575.306,personsontheDefense Department's 55-person Watch List, or personsidentified by the 661 -Committee pursuant to paragraphs 19and 23 of United Nation hahahahahahahaha and you are sure of this statement THE DOLLAR hmmmmm
  12. Is this all you got son I thought you had facts one here in the LOP section So this one will be easy for ya what currency is the Iraqi dinar pegged too????????????? Well-functioning monetary arrangements are as important as other aspects of theinfrastructure, in putting Iraq back on the road of economic development. After theunification of the two kinds of dinars that have been circulating, the next order ofbusiness will be to decide what should determine the value of the currency. Whatexchange rate regime is appropriate for Iraq, at this key juncture in its history? WHAT’S WRONG WITH PROPOSALS TO PEG TO THE DOLLAR OR EURO Given instability in the region and the absence of credible institutions, the Iraqidinar requires an anchor of substantial credibility. Some have proposed a rigid peg tothe dollar, as via a currency board or outright dollarization. (E.g., Steve H. Hanke, “AnIraq Currency Game Plan,” The International Economy, XVII, no. 3, Summer 2003, 81-83.) But this idea has major drawbacks. That it would mean giving up the ability to setmonetary policy independently is not such a big cost, as few governments have been ableto use such discretionary policy well anyway. But there are other big disadvantages. One big drawback of a fixed exchange rate is that it means giving up theautomatic depreciation of the currency that a floating currency would experience duringperiods when the world market for the country’s exports are weak. In the case of Iraq,the major export is of course oil. Large fluctuations in the world price of oil havewrought havoc on the economies of other major oil-producing debtors such as Indonesia,Nigeria, and Venezuela, often entailing a serious currency crisis before a change in theterms of trade is accommodated. A second major drawback of fixing the dinar to thedollar would be the introduction of gratuitous volatility when the dollar fluctuates againstother major currencies. Argentina’s version of the currency board notoriously collapsedtwo years ago, not just because the straitjacket was so rigid, but because the rigid linkwas to a currency, the dollar, that had appreciated strongly against the euro and othertrading partner currencies during the second half of the 1990s, imposing a huge loss incompetitiveness on Argentine exports at a time when world market conditions were already weak. A third drawback is that to impose the dollar on Iraq might tend to playinto widespread fears of U.S. imperialism. The politics would get even worse if thearrangement came to tears as it did in Argentina, for example, as a consequence of afuture increase in US interest rates. An alternative would be to peg the dinar to the euro. But this idea has majordrawbacks as well. The euro has been appreciating against the dollar, and mightcontinue to do so as a result of ever-widening US trade deficits. A peg to the euro wouldthus risk a future loss in competitiveness against non-euro trading partners. Theproblem is that, as Iraq’s trade returns to normal, its trading partners will be so dispersedgeographically that a peg to either currency alone -- the dollar or the euro -- wouldintroduce unwanted volatility vis-à-vis the other. Like other geographically diversifiedcountries, Iraq may thus be headed for a basket peg, with equal weight on the dollar andeuro. THE PROPOSAL TO “PEG THE EXPORT PRICE” (PEP) A basket peg does not solve the problem that in the event of large future declinesin the world price of oil, the currency of an oil-exporter must be able to depreciate inorder to accommodate the adverse shift in the terms of trade and help stabilize exportearnings. A new proposal designed for small commodity-exporters addresses preciselythis issue: Peg the Export Price (“PEP”). The proposal is for a country to peg thecurrency to the export commodity. The argument for this idea in general is explained atgreater length in my paper “A Proposed Monetary Regime for Small Commodity-Exporters: Peg the Export Price” (International Finance, Blackwill Publishers, vol. 6, no.1, Spring 2003, 61-88). The proposal could be implemented as follows. The central bank would set thedaily price of dinars in terms of dollars in direct proportion to the daily price of a barrelof oil in terms of dollars. The result would be to stabilize the price of oil in domesticterms. The proposal carries the best advantages of both fixed and floating exchangerates. Like fixed exchange rates, it constitutes a transparent nominal anchor and alsohelps promote integration into world markets. And yet, at the same time, it retains amajor advantage claimed by floating exchange rates: automatic accommodation offluctuations in world markets for the export commodity. Thus it delivers the best of bothworlds, fixed and floating. Australia was spared the worst of the East Asian crisis because its floatingcurrency automatically depreciated along with world market conditions for its exports. Ithas even been proposed that countries like Argentina should use the Australian dollar asan anchor because it is a proxy for commodity prices. (E.g., Hale, “The Fall of a StarPupil,” Financial Times, January 7, 2002.) But then why not peg directly to the relevantcommodity – oil, wheat, or whatever the country produces -- and cut out the imperfectlycorrelated middleman? 2 ALTERNATIVE ACHORS To appreciate the virtues of the PEP proposal, consider the various economicmagnitudes that economists have proposed as alternative candidates for nominal anchor.Each has its own characteristic sort of extraneous fluctuations that can wreck havoc on acountry’s monetary system. A monetarist rule would specify a fixed rate of growth in the money supply.But fluctuations in the public’s demand for money or in the behavior of thebanking system can directly produce gratuitous fluctuations in velocity andthe interest rate, and thereby in the real economy. For example, in the UnitedStates, a large upward shift in the demand for money around 1982 convincedthe Federal Reserve Board that it had better abandon the money growth rule ithad adopted two years earlier, or else face a prolonged recession. To some, the novel idea of pegging the currency to the price of the exportgood may sound similar to the current fashion of targeting the inflation rateor price level. Indeed, inflation-targeting is a leading proposal for Iraq(Steven Cecchetti, “How to Establish a Credible Iraqi Central Bank,” TheInternational Economy, Summer 2003, 84-86.) But the fashion, in suchcountries as the United Kingdom, Sweden, Canada, New Zealand, Australia,Chile and Brazil, is to target the CPI. A key difference between the CPI andthe export price is the terms of trade. When there is an adverse movement inthe terms of trade, one would like the currency to depreciate, while price leveltargeting can have the opposite implication. If the central bank has beenconstrained to hit an inflation target, positive oil price shocks (as in 1973,1979, or 2000), for example, will require an oil-importing country to tightenmonetary policy. [Positive wheat-price shocks will do the same for Iraq.]The result can be sharp falls in national output. Thus under rigid inflationtargeting, supply or terms-of-trade shocks can produce unnecessary andexcessive fluctuations in the level of economic activity. The need for robustness with respect to import price shocks argues for thesuperiority of nominal income targeting over inflation targeting. A practicalargument against nominal income targeting is the difficulty of timelymeasurement. For developing countries in particular, the data are sometimesavailable only with a delay of one or two years. Under a gold standard, the economy is hostage to the vagaries of the worldgold market. For example, when much of the world was on the gold standardin the 19th century, global monetary conditions depended on the output of theworld’s gold mines. The California gold rush from 1849 was associated witha mid-century increase in liquidity and a resulting increase in the global pricelevel. The absence of major discoveries of gold between 1873 and 1896 helpsexplain why price levels fell dramatically over this period. In the late 1890s,the gold rushes in Alaska and South Africa were each again followed by new 3 upswings in the price level. Thus the system did not in fact guaranteestability. One proposal is that monetary policy should target a basket of basic mineraland agricultural commodities. The idea is that a broad-based commoditystandard of this sort would not be subject to the vicissitudes of a singlecommodity such as gold, because fluctuations of its components wouldaverage out somewhat. The proposal might work if the basket reflected thecommodities produced and exported by the country in question. But theAchilles heel is the same as for inflation-targeting: such a peg gives preciselythe wrong answer in a year when the prices of import commodities go up. Just when the domestic currency should be depreciating to accommodate anadverse movement in the terms of trade, it appreciates instead. Brazil shouldnot peg to oil, and Iraq should not peg to wheat. Under a fixed exchange rate, fluctuations in the value of the particularcurrency to which the home country is pegged can produce needless volatilityin the country’s international price competitiveness. For example, theappreciation of the dollar from 1995 and 2001 was also an appreciation forwhatever currencies were linked to the dollar. There was no necessaryconnection between the US economic situation and the fundamentals ofsmaller dollar-linked economies. The problem was particularly severe forsome far-flung economies that had adopted currency boards over thepreceding decade: Hong Kong, Argentina, and Lithuania. Dollar-induced overvaluation was also one of the problems facing suchvictims of currency crisis as Mexico (1994), Thailand and Korea (1997),Russia (1998), Brazil (1999), and Turkey (2001), even though none of thesecountries had formal rigid links to the dollar. It is enough for the dollar toexert a large pull on the country’s currency to create strains. [The loss ofcompetitiveness in non-dollar export markets adversely impacts suchmeasures of economic health as real overvaluation, exports, the trade balance,and growth, or such measures of financial health as the ratios of currentaccount to GDP, debt to GDP, debt service to exports, or reserves to imports.] To recap, each of the most popular variables that have been proposed ascandidates for nominal anchors is subject to fluctuations that will add an element ofunnecessary monetary volatility to a country that has pegged its money to that variable:velocity shocks in the case of M1, supply shocks in the case of inflation targeting,measurement errors in the case of nominal GDP targeting, fluctuations in world goldmarkets in the case of the gold standard, and fluctuations in the anchor currency in thecase of exchange rate pegs. For those small countries that want a nominal anchor and that happen to beconcentrated in the production of a particular mineral commodity, a peg to thatcommodity may make perfect sense. For them fluctuations in the international value oftheir currency that follow from fluctuations in world commodity market conditions would 4 not be an extraneous source of volatility. Rather they would be precisely the sort ofmovements that are desired, to accommodate exogenous changes in the terms of tradeand minimize their overall effect on the economy. In these particular circumstances, theautomatic accommodation or insulation that is normally thought to be the promise heldout only by floating exchange rates, is instead produced per force by the pegging option.Thus PEP simultaneously delivers the nominal anchor and adjustment to trade shocks. A CURE FOR THE DUTCH DISEASE Economists use the term “Dutch Disease” to describe the problem of economicdislocations arising from large fluctuations in the real price of oil, or whatever is themineral or agricultural export commodity of the country in question. These fluctuationscan result in labor and capital wastefully shifting back and forth between production, infirst one sector, and then another. One possible objection to the PEP proposal is that thesupply of oil is relatively inelastic, either because it is hard to boost capacity in the shortrun, or because output is limited by quotas in the case of those OPEC members whocomply with them. In other words, output in the short run doesn’t shift that much inresponse to price signals. Perhaps then it is not so important to dampen the increase inthe real price of oil in boom times, or moderate the decline in down times, as the PEPproposal is designed to do? It is indeed important to stabilize the real price of oil. (By “real,” I mean interms of purchasing power over the domestic consumption basket, including goods andservices that are not internationally traded.) When an oil-producer falls prey to theDutch Disease, the cost doesn’t primarily take the form of shifts in investment and outputin the oil sector per se. Rather, it is because oil revenues soar in boom times and crashwhen world market conditions are weak -- even if output does not respond much to theprice. Booming oil revenues are reflected in spending, especially in wastefulgovernment spending and employment, which then is difficult to cut back when thependulum swings the other way. For this reason, stabilizing the real price of oildomestically would help stabilize the economy, even if supply is inelastic. The smaller Gulf states have an even stronger interest than the rest of us in thesuccessful stabilization and development in the Iraqi economy, and its integration into therest of the world. As the Gulf Cooperation Council discusses economic and monetaryintegration among its members, it may wish to tie Iraq in as well. For this purpose, itwould help if the monetary anchor for Iraq were the same as the monetary anchor for theGulf states. (When countries share a common currency, it boosts their trade with eachother substantially.) But the PEP proposal applies to the other Gulf states as much as toIraq. They have already had historical experience with the Dutch Disease, and know allabout government workers who have little to do, but cannot be moved off the payrollwhen oil money is no longer as plentiful as it was. Thus it might make sense for all ofthe region’s oil producers to adopt the oil peg in tandem. INCLUDE OIL IN A BASKET To fix the dinar (or other countries’ currencies) simply to oil alone may be tooradical a proposal. While it would facilitate the recovery and expansion of the oil sector 5 in Iraq, it might at the same time discourage production of other internationally tradablegoods by shifting the entire burden of price uncertainty onto them. My proposal for Iraq,therefore, is to add oil to the basket of currencies to which the dinar is to be pegged. Forsimplicity, give equal value weights to all three units. Or, what is almost equivalent,define the value of the dinar as 1/3 of a US dollar plus 1/3 of a euro, plus 1/100 of abarrel of oil. Unlike other proposals for nominal anchors, this is one that an oil-producerlike Iraq could live with even if there are big swings in international exchange rates orworld oil prices in the future. Jeffrey Frankel is Harpel Chair at Harvard University’s Kennedy School, and director ofthe program in International Finance and Macroeconomics at the National Bureau ofEconomic Research [where he is also on the committee that officially declared the startand end of the 2001 recession]. bet ya have not seen that I will give you some time over here in your lock box
  13. and are they not being brought be for the parliament as we speak And aren't the passing laws ...prohibiting this very subject HMM i thought you where some guru of the news in iraq and as for as my work history check on DDater with Pickels he was one of my bosses
  14. and all this cash in or buy more means nothing if you don't work for the GOI and if I'm not mistaken ...arent there several GOI employes on trial right now for that exact thing you are speaking of
  15. Because there ant that much out there son ....and even if there was .....where you going to cash it in last time i checked you can only buy stock in iraq ....of witch i HAVE and the cash i still have is only worth $856.00 per million
  16. http://www.imf.org/external/np/tre/sdr/proposal/2009/0709.htm This is the link
  17. now back to the subject at hand <br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">SDRs per Currency unit (e.g. $ 1.00 = 0.67734 SDR)<br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">These rates are the official rates used by the Fund to conduct operations with member countries. The rates are derived from the currency's representative exchange rate, as reported by the issuing central bank, and the SDR value of the U.S. dollar rounded to six significant digits. <br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">Iraq881.0185.11,066.0General and Special SDR Allocations<br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">(in millions of SDRs)Member CountryGeneral SDR Allocation1,3Special SDR Allocation2Total3Afghanistan, Islamic State of120.08.6128.6Albania *36.110.346.5Algeria930.1139.41,069.5Angola *212.260.8273.0Antigua and Barbuda *10.02.512.5Argentina1,569.4132.21,701.7Armenia *68.219.888.0Australia2,399.2213.52,612.6Austria1,388.0169.31,557.3Azerbaijan *119.334.3153.6Bahamas, The96.617.6114.2Bahrain100.118.1118.2Bangladesh395.367.9463.3Barbados50.06.356.3Belarus *286.482.2368.6Belgium3,413.9424.23,838.1Belize *13.94.017.9Benin45.93.949.8Bhutan *4.71.36.0Bolivia127.110.3137.4Bosnia-Herzegovina125.415.0140.4Botswana46.76.453.1Brazil2,250.7277.72,528.4Brunei Darussalam *159.544.0203.5Bulgaria *474.6136.3610.9Burkina Faso44.63.548.2Burundi57.13.160.2Cambodia64.93.668.5Cameroon137.715.1152.8Canada4,721.6487.25,208.8Cape Verde7.11.48.5Central African Republic41.32.844.0Chad41.52.744.2Chile634.660.3695.0China5,997.3755.66,752.9Colombia573.850.3624.1Comoros6.61.27.8Congo, Dem. Republic of395.129.4424.5Congo, Republic of62.77.370.0Costa Rica121.611.2132.8Cote d'Ivoire241.132.0273.1Croatia270.732.5303.1Cyprus103.59.9113.4Czech Republic *607.4172.8780.2Denmark1,217.8134.81,352.6Djibouti11.82.214.0Dominica6.11.27.2Dominican Republic162.315.0177.2Ecuador224.131.3255.4Egypt699.663.0762.5El Salvador127.011.8138.8Equatorial Guinea24.21.325.5Eritrea *11.83.415.2Estonia *48.313.662.0Ethiopia99.117.7116.8Fiji52.18.060.1Finland936.9110.01,046.8France7,960.61,093.89,054.3Gabon114.418.2132.6Gambia, The23.11.624.6Georgia *111.432.5144.0Germany9,643.11,205.310,848.4Ghana273.517.3290.9Greece610.168.7678.8Grenada8.71.610.2Guatemala155.817.4173.2Guinea79.45.584.9Guinea-Bissau10.51.912.4Guyana67.45.272.6Haiti60.74.164.8Honduras96.08.8104.8Hungary *769.8221.3991.1Iceland87.28.695.8India3,082.5214.63,297.1Indonesia1,541.4200.11,741.5Iran1,109.972.11,182.0Iraq881.0185.11,066.0Ireland621.566.6688.2Israel688.188.9777.0Italy5,230.3643.45,873.7Jamaica202.718.3221.0Japan9,868.91,524.411,393.3Jordan126.418.8145.2Kazakhstan *271.172.6343.7Kenya201.221.5222.7Kiribati *4.21.25.3Korea2,170.0161.52,331.5Kosovo *43.711.655.4Kuwait1,023.8265.01,288.8Kyrgyz Republic *65.818.984.7Lao, People's Dem. Republic39.22.141.3Latvia *94.026.8120.8Lebanon150.538.4188.9Lesotho25.93.329.1Liberia95.87.2103.0Libya833.0180.91,013.9Lithuania *106.930.3137.2Luxembourg206.922.8229.7Macedonia, FYR51.16.257.2Madagascar90.67.297.8Malawi51.43.955.4Malaysia1,102.0105.11,207.1Maldives6.11.37.4Mali69.24.373.5Malta75.68.584.1Marshall Islands *2.60.73.3Mauritania47.74.251.9Mauritius75.35.781.1Mexico2,337.2224.02,561.2Micronesia, Fed. States of *3.81.04.8Moldova *91.326.4117.7Mongolia *37.910.948.8Montenegro *20.45.425.8Morocco436.039.7475.7Mozambique *84.224.6108.8Myanmar191.610.7202.3Namibia *101.229.2130.4Nepal52.97.160.0Netherlands3,826.9479.44,306.3New Zealand663.249.3712.4Nicaragua96.48.7105.1Niger48.84.853.5Nigeria1,299.7218.61,518.2Norway1,239.2156.11,395.3Oman143.828.7172.6Pakistan766.352.3818.6Palau, Republic of *2.30.73.0Panama153.217.5170.7Papua New Guinea97.618.6116.2Paraguay74.17.481.5Peru473.345.3518.6Philippines652.369.1721.4Poland *1,014.9289.81,304.6Portugal643.0110.1753.2Qatar195.643.0238.6Romania763.7145.1908.8Russia *4,407.41,264.45,671.8Rwanda59.43.763.1Samoa8.61.39.9San Marino *12.62.915.5Sao Tome and Principe5.51.06.5Saudi Arabia5,178.41,308.56,487.0Senegal119.910.4130.3Serbia346.741.7388.4Seychelles6.51.47.9Sierra Leone76.95.282.1Singapore639.488.4727.7Slovak Republic *265.075.5340.5Slovenia171.818.7190.5Solomon Islands7.71.59.3Somalia32.84.236.9South Africa1,385.1179.91,565.1Spain2,260.2268.62,528.8Sri Lanka306.518.1324.6St. Kitts and Nevis *6.61.98.5St. Lucia11.32.513.8St. Vincent and the Grenadines6.21.47.6Sudan125.816.1141.9Suriname68.312.180.3Swaziland37.64.341.9Sweden1,775.8226.62,002.4Switzerland *2,563.8724.23,288.0Syrian Arab Republic217.625.0242.6Tajikistan *64.517.682.1Tanzania147.411.7159.1Thailand802.083.6885.6Timor-Leste *6.11.67.7Togo54.44.959.4Tonga *5.11.56.6Trinidad and Tobago248.826.1274.9Tunisia212.426.1238.5Turkey883.175.9959.0Turkmenistan *55.714.169.8Uganda133.89.9143.7Ukraine *1,017.1292.41,309.4United Arab Emirates453.576.2529.7United Kingdom7,960.6260.68,221.1United States27,539.12,877.030,416.2Uruguay227.216.1243.3Uzbekistan *204.358.5262.8Vanuatu *12.63.716.3Venezuela1,971.2255.12,226.4Vietnam244.023.2267.1Yemen, Republic of180.523.0203.5Zambia362.638.3400.8Zimbabwe262.066.4328.4Total3161,184.3321,452.7182,637.0Source: IMF Finance Department.
  18. where in any of this is there minion of cashing dinar holders ....there are none they have all been cashed out if they work for the government of iraq ....and converted to digital currency ......if the want cash the go to the bank like every one else dose Have you ever had a job other than mowing yards son you don't get payed in cash any more not with a unit I worked for RIO project(Halliburton)not KBR in 03-05 where i moved to RMS( red horse USAF) Before moving to FLUOR FGG
  19. Now to the dispersant buy the CBI for the payments too the GOI employees It is all done Digitally ......they credit the approver for the employes dept. (in America we call it the head of finance) for each government dept.
  20. Its not till the GOI pays their employes .....that the CBI gets in the mix Now the GOI gives the money received from the WB by way of the IMF ....to the CBI for dispersement .....the CBI takes it cut for the transaction right now its 13 dinar per 1000 dinar or if you read english they tell you per $1 dollar its = on the open market all of this is handled on the closed market (that means you don't see those reports )unless you read Arabic ,or for the Kurdish region Aramaic (of witch I'm fluent )
  21. the spelling is dew to a IED in iraq and that don't change the meaning coming across look here fella pay attention and you will be schooled here The SDR is the instrument of means for Iraq ........the GOI is a separate entity from the CBI that is a bank they don't pay bills they loan money the GOI goes to the IMF when they form their budget for the fiscal year .... the IMF issues credit thru the world bank account set up for IRAQ ....IN SDR's in turn the GOI gives the WB vouchers for( ALL OIL SOLD) on spot or futures .......the WB debts the appropriate accounts around the globe The dinar never comes in to play
  22. you can chime in any time............. i will just move forward The value of the SDR is determined by the value of several currencies important to the world’s trading and financial systems.[1] Initially its value was fixed, so that 1 SDR = 1 US dollar,[Williamson 3] but this was abandoned in favor of a currency basket after the 1973 collapse of the Bretton Woods system of fixed exchange rates.[Williamson 5] Composed of theJapanese yen, the US dollar, the British pound and the Euro,[1] the basket of currencies used to value the SDR is "weighted" meaning that the more important currencies have a larger impact on the SDR's value. Currently, the value of one SDR is equal to the sum of 0.423 Euros, 12.1 Yen, 0.111 pounds, and 0.66 US Dollars.[47] This basket is re-evaluated every five years,[1] and the currencies included as well as the weights given to them can then change. A currency's importance is currently measured by the degree to which it is used as a foreign exchange reserve asset and the amount of exports sold in that currency.[1] Current valuationDue to fluctuating exchange rates, the relative value of each currency varies continuously, and so does the value of the SDR. The IMF fixes the value of one SDR in terms of US dollars daily. The latest US dollar valuation of the SDR is published on the IMF web sit
  23. lets start here first .......just so you know 2 years ago i brought most of the info that still circulates today on these sites Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged.[1] As they can only be exchanged for euros, Japanese yen, pounds sterling, or US dollars,[imf 1] SDRs may actually represent a potential claim on IMF member countries' nongold foreign exchange reserve assets, which are usually held in those currencies. While they may appear to have a far more important part to play, or, perhaps, an important future role, being the unit of account for the IMF has long been the main function of the SDR.[Williamson 1] Created in 1969 to supplement a shortfall of preferred foreign exchange reserve assets, namely gold and the US dollar, the SDR's value is defined by a weighted currency basket of four major currencies: the Euro, the US dollar, the British pound, and the Japanese yen.[1] SDRs are denoted with the ISO 4217 currency code XDR.[2] SDRs are allocated to countries by the IMF.[1] Private parties do not hold or use them.[Williamson 2] As of March 2011, the amount of SDRs in existence is around XDR 238.3 billion, but this figure is expected to rise to XDR 476.8 billion by 2013.[3] This is a beef run down of what the SDR is for the people that dose not know A unit of account is a standard monetary unit of measurement of value/cost of goods, services, or assets. It is one of three well-known functions of money. It lends meaning to profits, losses, liability, or assets. The accounting monetary unit of account suffers from the pitfall of not being a stable unit of account over time. Inflation destroys the assumption that money is stable which is the basis of classic accountancy. In such circumstances, historical values registered in accountancy books become heterogeneous amounts measured in different units. The use of such data under traditional accounting methods without previous correction often leads to invalid results.[1] Contents [hide] 1 Uses1.1 Modern finance[*]2 See also[*]3 References[*]4 External links[*]
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