[IRAQ'S LITTLE PILE OF GOLD IS WORTH...]

.............................

Pop quiz....

Name one currency that was SUDDENLY revalued UPWARD by more than 30%.

Name that currency, but I also want to see some proof.

Gimme a link.

................

 

 

I don't have the link for the proof, but wasn't it the Leu?

[IRAQI dinar revalue News CBI Currency Change 2013]

this really screams  l,o,p ing  shears      and from 2012  to now , I am really hoping that from the release from chapter 7  and the  release of the d.f.i. funds  back to Iraq , that they have changed their attitude toward the dang  bunny hopping  crap ,  with the announcement that the dinar could with stand 2.50 inside and outside Iraq,  and the newest article stating they need to call the date  to reset the dinar , that in fact they have seen the light and can have the dinar worth  exactly 1 to 1 with out the zero`s coming off the bills ,  { I am going to keep on seeing , what we can`t see , and believe they will do a 1 too 1 ratio  of exchange }  why would they kick the Iraqi citizen , in the teeth now that they have shown they are very rich in the country and banking ,  { only thing  corruption } .........      worry and waiting

 

As has been stated many times about that article referring to the imfamous $2.50 value, they are not saying they could support a rate of two dollars and fifty cents, the article stated they have approximately 2.5 times the value of USD's in reserve (80 billion) as iraqi dinar that equal that value (33 trillian/1166 = roughly 28 billion USD after conversion).

 

With that being said, even a jump to 412.5/1 would be incredible, which is what they claim they cover on USD reserves alone (the math comes down to a roughly 2.826 multiplier coverage. 1166 divided by the 2.826 = 412.5). The fact they can cover this with USD alone is a good sign, but please do not keep getting this confused with an RV value of two dollars and fifty cents, that is not what that article was referencing.

[Central bank: the project raise zeros from the currency is still deferred]

If the dinar was CURRENTLY worth a dollar (which it's not- it takes 1166 of 'em to make a dollar) then the increase would be 2.5 times but since the dinar is currently 1166 to the dollar that increase to $2.50 would be approximately 2915% increase in value.

Example....    dinar worth a dollar-  hence $1.00 times  2.5 (2.5 "times) equals =   $2.50

                     dinar worth  1166 per dollar (which is the current rate)   hence $.00086 times  2915  (2915 times) equals =  $2.5069

Cool?

 

I'm not sure I follow this one. The article stated they have 80 billion USD, and that they have approximately 2.5 USD's worth in reserves as there are currently dinar in circiulation.

 

33,000,000,000,000/1166 = 28,301,886,792.45283 (This is the value of circulated dinar converted to USD)

 

80,000,000,000/28,301,886,792.45283 = 2.826666 (This is the multitude of which the value of the dinar can be increase and still be covered)

 

1166/2.826666=412.5 (This is the value that the dinar would be able to handle on USD reserves alone to the dollar. 412.5 dinar to 1 dollar).

 

How would they be able to back 33 trillian dinar turning a value of 1 to 1 with only 80 billion USD, let alone 2.5? that would mean they are secretely holding an extra 32,920,000,000,000 dollars somewhere. (98,920,000,000,000 for a 2.5/1 conversion).

 

Anyway, that's enough maths... I'll save any other posts I make about this article for the thread relating to this article...