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DinarintheAZDesert

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    Male
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    Litchfield Park, Arizona
  • Interests
    My family, golf, poker, Call of Duty MW3

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  1. Sorry if this has already been posted or if it's in the wrong section, but I found this interesting. GO RV... 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. 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. (Source) http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en
  2. Obviously this was posted in the correct forum, but I think Adam should create another forum titled "Trash". All posts that have been copied from "Guru's" such as Blaino, Terry, Okie, etc should go in the trash. Regardless, go RV...
  3. CNN. Broadcasting While Passing Out Blindfolds So U Can Avoid Having To Look At Any Dong Screenshots ! HAHAHAHAHAHA, another classic by Thug, thanks for the early morning laugh! GO RV...
  4. If I had a Dinar for every "on or before" prediction, I'd be a Dinar millionaire (aka $854 USD). Regardless, GO RV...
  5. The best part of this is Dinar Thug's opening line. Actually, all of Thug's opening lines are awesome! Go Clown News and Go RV...
  6. The entire situation should be turned into a reality TV show, As the Dinar Turns. Regardless, GO RV..............
  7. HAHAHA, Dinar jeopardy. Alex, I'll take Iraqi currency for $100 please. Alex - This is what the members of Dinar Vets are anxiously awaiting to happen. Contestant #1 - What is Shabibi pulls the RV trigger? Alex - Correct for $100. GO RV...
  8. What does the Vietnamese Dong and George Costanza have in common??? SHRINKAGE GO RV...
  9. I lost more in my 401K the last couple of years than I've spent on Dinar, yet I have, in my opinion, a MUCH better chance to make money with Dinar than in the good ol US of A. I figured that I might as well try to make some cash from foreign investments than continue to lose in the legalized gambling game called the stock market. Though my Dinar investment may not make me millions (or maybe it will???), I'm very confident that I'll come out way ahead and be able to pay off my debts and take a vacation or three. GO RV...
  10. I think Maliki was called for holding, 10 yard penalty, repeat 3rd down. It's now 3rd and goal from the 11 yard line. GO RV...
  11. He was by far one of the classier guys to play the game. I had the honor of playing against him in High School, during which time they always kicked our butts! Being a die-hard Charger fan (don't hold that against me) I followed his career and can't say enough about what he did for the San Diego community. Mr. Seau, you will be missed.
  12. A while back I sent one of the "guru's" my own bank shot. It was me showing them the bird, and for some reason I never received a response... GO RV...
  13. I've spoken to many, many people (friends, neighbors, relatives, co-workers) about the Dinar and out of everybody, only one of my friends bought any. When I told people about this, they all thought it was a scam or didn't have any confidence in Iraq. I know I won't get rich off of this, but when I do come into the money after the RV, I'll be able to say "I told you so." GO RV...
  14. Adam is a Dinar tease!!! lol GO RV...
  15. Though I don't know specific names, a charity for our Vets would be an awesome place!!! GO RV...
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