luckier2

I just went to this site and it is still= .00085 http://www.oanda.com/currency/converter/ I believe the post is inaccurate...pls.check the forex site I wish it was true!thanx for the post

http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=en Recommended rate to spur investment into the country-$1.13 Official foreign exchange rate: $3.208 Fully explained based on their studies -------------------------------------------------------------------------------------------------------- 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.

A significant increase in Iraq’s proven reserves of hard currency A significant increase in Iraq’s proven reserves of hard currency Currency News Hound - [11/25/2010] Iraqi Central Bank announced recently an increase in the size of its reserves of foreign currency hard reaching out to more than $ 50 billion, up until the end of the first half of the year 2010 a minimum of $ 41 billion. Advisor to the Bank the appearance of Mohammed Salih said in an interview with Radio Free Iraq that this increase is attributable to rising world oil prices during the second half of this year, as reflected positively on the bank reserves of foreign currency, and added that the rise in reserves would, of course, to increase the strength of the Iraqi currency and fortify against the imbalances that may occur to oil prices or the balance of payments of Iraq, “which is in the best end up in favor of the prosperity of the economy in general.”He also noted the benefit to that the demand by Iraq during the next few years to expand in the area of investments and to increase oil sales of oil, “Seugb initiate the process of reforming the current system of currency management in the country by replacing the cash block large-sized ones are smaller and more robust and reliable,” as described .The number of Iraqi economists, for their part stressed that increasing the size of the Iraqi Central Bank’s reserves of hard currency will not be reflected directly on the local economy as much as reflection on the strength of the local currency. In this regard, the economic expert, Dr. Abdul Rahman al-Mashhadani to increase the strength of the currency “will increase to trust foreign and local investors by an increase in the attractions of investment in Iraq.”For his part, considered the economic expert, Dr. Salim al-Jubouri that the high volume of central bank reserves of foreign currency “and despite its advantages” would not be a reflection of the required positive on the economy of Iraq in “the absence of a clear mechanism to exploit this increase in the development process not to mention the absence of the strategy needed to tackle the problem of debt owed by Iraq, which are almost chronic. “

BOSTON (Map, News) -7-21-10 A two-day mystery over Gov. Deval Patrick's whereabouts ended Wednesday when his staff revealed he had made a trip to Iraq with four other governors to visit National Guard troops. Following a security blackout ordered by the Pentagon, the governor's aides issued a statement at precisely 2 p.m. saying he had departed from Andrews Air Force Base on Tuesday and flown into Baghdad International Airport after switching planes in Kuwait. He was joined on his trip by Minnesota Gov. Tim Pawlenty, a Republican considering a run for president in 2012, as well as Republican Gov. Jim Douglas of Vermont; Republican Gov. Mike Rounds of South Dakota; and fellow Democratic Gov. Jay Nixon of Missouri. The statement said Patrick was visiting the troops "in a show of gratitude and appreciation for their courageous service." The statement would not reveal the rest of his itinerary, if any, again citing security concerns. As governor, Patrick heads the state's National Guard contingent. He also has made it a practice to attend the funerals of all Massachusetts service members killed in Iraq or Afghanistan. Patrick disappeared from public view Tuesday morning after a scheduled visit to Walter Reed Army Medical Center in Washington. His staff refused repeated requests for information about his whereabouts, instead incrementally ruling out possibilities such as a sickness, meeting with the president or political fundraising excursion. My take: Aside from visiting troops to show their support...Is there a sideshow to this?Or are they buying more DINARS so they can use this money for their own reelection campaign this coming NOVEMBER2010.Assuming that it revalues before then.So many of our political leaders are going to Iraq to check the impending RV and really gauge if they need to buy more to assure they have more than enough funds to support their campaign.The cheapest buy in ever to further their own political agenda.

This goes to show that someone went to an exhaustive amount of time to present in chronological order of events from the get go to where we are now.I will give a +10 for this post. obrigado

Kudos to our Mentor!...You are in our hearts and minds today and whatever tomorrow brings.Again, i would like to reiterate to you my great appreciation of your input in this forum.May the future millionaires of this group still opt to be guided by your wisdom and be under your wings.You are awesome Adam! THANKS

THE ONLY THING THAT IS GARBAGE IS WHATS COMING OUT OF YOUR MOUTH BEEN A MEMBER SINCE WHEN NOW?

THE ONLY THING THAT WE CAN CALL STUPID IS YOUR REMARK GO DO IT STUPID!

If you do not believe this post then so be it...my intention are pure with no malice to deceive anyone in this forum but if you want verification then i can provide you with the name as posted and telephone so you can converse with the owner of the establishment.This is fact not fiction.fishy, why?i do not have any hidden agenda for posting this...what would i gain?THINK BEFORE YOU BASH I've been in this opportunity since 2006 and have been waiting just like anyone in this group.What is the problem with passing information that can lift some spirits.THINK ABOUT IT!

MUSLIM MINDANAO [size="4"] I received a long distance call from my sister-in-law who resides in the southern part of the Philippines where Muslims are a majority.I had previously asked her to check if any of the money changers there accept IQD and also to ask them its value or exchange rate.This is the most up to date information as of today,"she said and i quote " that they do accept exchanges and value the dinar @ 0.18 per dinar which means this": 1000000 (IQD) x 0.18 (Philippine centavos) ---------- 180000 (Philippine pesos) / 46.00 ($1 exchange rate) ---------- $3913.04 (US) So it had actually increased in value more than three times....and furthermore the muslim clerk stated to my sister-in-law that they are just waiting for the memorandum from the Central Bank as to its actual RV rate.This is confirmed and verified.[/font][/size]