navira
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Posts posted by navira
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27 minutes ago, Stabstones said:
Recycle all the issue and point again and again..
Exactly.
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2 hours ago, GregHi said:
According to my friend, page 12 is just referring to how they are going to stabilize the exchange rate of the dinar and the measures they will
take. Nothing about them changing the rate to 1:1 unfortunately..
They already talked about this in previous article.
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Iam just waiting on @#$^^ to float the dinar in the market so supply n demand will determine its price...Iam hoping they will do this very soon..s/&&* hate that word..
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They will correct it hopefully. The graph will flatten out
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2 minutes ago, DWS112 said:
x = .77 or .8 in this case
X is equal what y is..which is 462,380
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That graph should be nothing to be excited about. Here's the equation for it...
Since we don't know what x is..we can use this equation to find out its value. X = f(y). Y is already given...from Jan to Feb...we can use the max to get 462,830. So then the equation becomes...x= f(462,830), which pretty much is..X= 462,830..no more no less. Cheers.
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Since we don't know what x is..we can use this equation to find out its value. X = f(y). Y is already given...from Jan to Feb...we can the max to get 462,830. So then the equation becomes...x= f(462,830), which pretty much is..X= 462,830..no more no less. Cheers DWS.
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32 minutes ago, DWS112 said:
This is All My Opinion, (and I do not use math alot)
(Jan 2020) 480.64 is the low number
(Feb 29, 2020) 462,830 is the high number
IMPORTANT NOTE: Pick any number (1-9) .000_
I used .0008
IF: (Jan 2020) 480.64 = .0008 (my number)
___________ ______________
THEN: (Feb 29, 2020) 462,830 = x (what is new number?)Calculation:
x = (.0008 x 462830) / 480.64
370.264 / 480.64 = .77 or .8Result: 3 zeros gone
Tell me how u came up w this equation
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Just now, screwball said:
Oops...PTSD memory’s fooked
Lmao..I love the article anyway
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4 minutes ago, screwball said:
And this one talking about deleting zeros...https://www.rudaw.net/arabic/business/19082019 sorry couldn’t translate
Dude, this is from last year...remember?
Parliamentary Finance: Go to restart the coin and delete the zeros from the paper currency
19-08-2019- 1
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Iraq needs to unload the dollar from their reserve into the market...
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35 minutes ago, Artitech said:
I hate to admit it, once this didn’t RV in March 2020, I’ve always said this year was lost! The only thing that is different is this Coronavirus, so I giving it a little more time! I do have sinking feeling about this deal! I guess we are a one day at a time! I’m like you, deep down I really believe it’s business as usual. I sure hope I’m wrong! I’m staying till the bitter end!🤠
Agree...this coro/navira is costing a lot of money loss
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The only scenario I can think of at this time..is some country(can be Iran or any country) invades Iraq and steal a majority of their cunrrency...this may/will force Iraq to replace the currency with new ones..and collect the remaining and exchange them at 1 to 1 with the new ones
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Right now, in my opinion, it will be harder for Iraq to rv due to a big loss from covid19.People might say if they rv now, it will solve all the financial problems they have...wish thats how it works. They would have done this long long ago. I still have that hope that they will though.
Sadly
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7 minutes ago, KristiD said:
I'm with you!!! I was sad to read this, but I studied the first 3 pages of the past auction sales, and I will say that there are a tremendous amount of input errors, I"d guess 20-30% of the time. Also, it's rare for them to execute a sale on the same take it took place.... though I did see one other instance of it so it's not impossible. I'm interested to see the next reported auction informatioin. If it shows a sale date in late March, I think chances are good that the April 19 "sale date: posted today was likely just an input error.
Notwithstanding all of that, we don't know for sure that stopping the auctions is a requirement for the RV in the first place. We've just been hoping it's related. But even if the RV doesn't happen in the next week or so, I still say Iraq is going to have to RV soon because they're just losing so much money from low oil prices and they can't ever get that money back. They can compensate for those huge ongoing losses by adding value (and hopefully significant value) to their currency to give themselves a really big cushion to draw upon to cover those loses. And clearly the sooner they do that the better.
Stopping an auction was never a requirement to RV. It will never stop .. they can rv and not stopping it.
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On 4/11/2020 at 5:54 AM, DinarThug said:
Yo Snap - The World Famous Italian DJ Just Came Up From The DV Music Basement To Play My Request !
Thx UmBro’tino !
UmBro'tino...lmao
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12 minutes ago, DinarThug said:
Which Leads To Me-Valuation !Go Power Naps
Go Sleeping Apps
Go Hammock Boy !
Lmao bro
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If this policy works...then this:
Likewise, if the local assets or assets reach, for example, more than half, or exceed 75% of the total assets portfolio at the Central Bank, then the monetary authority may resort to the so-called monetary adjustment necessary for each recent accident.
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Instead of a devaluation, they are allowing to float at certain value, lower than what it is now...
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Economic, political, covid19 are what Iraq are facing this year...a big loss from covid19 alone. IMF projected a nice growth for Iraq in 2021. In my opinion, no rv this year.
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Iranian Rial
in Foreign Currencies
Posted
Reuters
May 4, 2020 3:37 pm
DUBAI, May 4 (Reuters) - Iran’s parliament has passed a bill allowing the government to slash four zeros from the rial, Iranian state media reported on Monday, after a sharp fall in the value of the currency as a result of crippling U.S. sanctions.
Iran’s national currency will be changed from the rial to the Toman, which is equal to 10,000 rials, under the bill.