Chip

Wow. Seriously? Are you for real? Gold standard was dropped in the 60's. Why do you think the dollar "ain't worth squat"?

Ok...I figured I was behind on this...never hurts to check eh? Thanks!

http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en The Exchange Rate of Foreign Currency in Economic Feasibility Studies Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars. Estimate the shadow price of foreign currency: 1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine. The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs. * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished: · Export-outputs. · Outputs marketed locally that substitute imports. · Imported inputs. · Inputs produced locally that usually go to exports. · Foreign labor. According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules. In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency .... etc.). In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency. 2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc. The justifications to call for the use of an exchange rate that is lower than the official exchange rate are: · The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production. · The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs. · The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods. · The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities. · This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of. And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate. 3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities. I'm not sure if this has been seen here yet. I just wanted to make sure you guys are as informed as I (preferably you are more informed...lol). Let me know what you think.

No, sorry buddy. It's not "proper" English. The grammatically correct word in this particular configuration is "Configured" That was the powerful kind of stupid!

A broken clock is right twice a day.

Nope...just this thread.

Wow. What are you like 12 years old? Do your parents talk to you like that? Poor kid.

ROFL!!! Has it really been that long? Damn, after chasing the RV ghost for nearly 6 years you lose track of time.

Because 1,000,000 IQD converted at the rate of 1180 IQD per dollar = $847 Why are you confused by this?

I think they make some medication that will prevent you from referring to yourself in the 3rd person. My sisters best friends mothers' UPS guy (you know the one who heard about the RV last May) told me about it.

I think some of them are dependent on 1 resource. Most of the values are automated. The same thing happened last year for a bunch of websites. Everybody was livid!!! It turned out to be a typo.....

Wow. Um...I'm not usually speechless and you have completely silenced me. Good on you. I think..or good on me?

I have a better idea. Why don't we just pretend it already happened!!! Everyone have a drink on me!!! Break out the Dom Pérignon!!!

I hereby declare this post THE post of the day!!! Thanks muffy! We're all thinking it and you said it!!!

Now that's something to be proud of!!! Congrats!

I'd prefer a proposition that rewards them for being accurate! Let's say $100,000 for the first tard with the correct information! You only get 1 chance!!! If they're wrong, they owe us $100.000!!!!

Clowns always frightened me. That pic gives me the creeps!

Hey! Isn't that Okie, Topgunner, Frank26??? Boy those guys really get around don't they.

There are a few recent events that indicate an RV is in the works. Such as: The Government of Iraq has formed and all but a few appointee's are left = Major factor The sanctions that were placed on Iraq after Saddam attacked Kuwait have been lifted = Major Factor The tail end of Iraq's chapter 7 Bankruptcy is being worked out. The Kuwait settlement is the last piece of the puzzle = Major Factor The New Government of Iraq are currently in talks with the Nation of Kuwait regarding a settlement for the attack = Major Factor It could RV next week or it could be gradual. Nobody knows and don't invest anymore than you are willing to lose.

Good story. I went to the store today and bought some milk. The clerk was really nice. I dropped a quarter and the little boy in line behind me picked it up, I let him keep and his mom said thanks. Anyways, anybody got any information about the RV?

The currency they have now is not tied to the "old regime". It was implemented after the reconstruction in 2003 and very expensive. De la Rue printers and all. Basically counterfeit proof. If they create a "new currency" they will have wasted billions. Not gonna happen. They're going to stick to the currency they have now. If they neg out on what the world has expected for nearly a decade, their country won't last long and everything that the US has invested into their recovery would be lost. The US is heavily invested in the Dinar. Bush himself stated that the war will pay for itself. Why do you think Obama run's up the debt like he's using a stolen credit card? Because the US government has investements that must come to fruition...otherwise the US is going to kick somebodies a$$!!!!!

That is quite possible the coolest gif I've ever seen!

Was this sarcasm? Um...you just promoted another site by claiming the original poster did...did I miss something?

"We are gathered here because we are faced with the fact that we are powerless over the RV and unable to do anything about it without the help of a Power greater than ourselves. We feel that each person's religious views, if any, are his own affair. The simple purpose of the program of RV-oholics Anonymous is to show what may be done to enlist the aid of an RV greater than $3.22 per dinar regardless of what our individual conception of that RV may be. In order to form a habit of depending upon and referring all we do to that RV, we must at first apply ourselves with some diligence. By often repeating these acts, they become habitual and the help rendered becomes natural to us. We have all come to know that as RV-oholics we are suffering from a serious illness for which medicine has no cure. Our condition may be the result of an allergy which makes us different from other people. It has never been by any treatment with which we are familiar, permanently cured. The only relief we have to offer is to find others like ourselves and join DinarVets.com to discuss the likelyhood and promise of an RV whether it be within 24 hours or never There are no dues or fees (unless you want to be a VIP). The only requirement for membership is a desire to spread obsurd rumors or share your Dinar experience. Each member squares his debt by helping other members. We have a way out on which we can absolutely agree and on which we can join in harmonious action. Rarely have we seen a person fail who has thoroughly followed our program. Those who do not recover are people who will not or simply cannot give themselves to this simple website. Now you may like this website or you may not, but the fact remains, it works. It is our only chance to recover. There is a vast amount of fun in the DinarVets fellowship. Some people might be shocked at our seeming worldliness and levity but just underneath there lies a deadly earnestness and a full realization that we must put first things first and with each of us the first thing is our RV-oholic problem. To sellout is to die. Faith must work twenty-four hours a day in and through us or we perish. In order to set our tone for this meeting I ask that we bow our heads in a few moments of silent prayer and meditation. I wish to remind you that whatever is said at this meeting expresses our own individual opinion as of today and as of up to this moment. We do not speak for DinarVets as a whole and you are free to agree or disagree as you see fit, in fact. it is suggested that you pay no attention to anything which might not be reconcilied with what is in the terms and conditions of this website."

Yeah! Don't be pimpin' the limp!!!