Parliamentary Commission of Economy likely high price of the Iraqi dinar against the U.S. dollar soon

[yota691]

Parliamentary Commission of Economy likely high price of the Iraqi dinar against the U.S. dollar soon

07 May, 2012 10:11:00

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The parliamentary economic committee announced that the price of the Iraqi dinar against the U.S. dollar will rise soon, which will exchange the U.S. $ 100 b and 900 117 thousand dinars, and the price will be determined by the Central Bank of Iraq.

The committee rapporteur, Mahma Khalil in a press statement that the Finance Committee and another committee in the House of Representatives met with the Central Bank, to determine the price of the dollar against the Iraqi dinar, was at the meeting emphasized the need to stabilize the dollar exchange rate per capita compared to 1179 dinars, having added to it 13 dinars commission .

Khalil stressed, that the real price of the U.S. dollar is equal to 1179 dinars, and the high price of the dollar goes back to the trade in dollars and send it to Iran and Syria, he said.

Louay al-Rubaie http://www.alfayhaa.tv/news/economy/81166.html

[zigmeister]

Thanks for the post. This is a good thinng.

[Artitech]

what doe this mean?

[zigmeister]

Its pretty hard to figure. I am not sure if these are the real numbers that will come to play.

[sonny1]

Finally a bit of good news. Looks like they need to get the value closer to the dollar. And no lop mention

[jeepguy]

Looks like 90 cents per dinar. Or is that 1.80 per? Good job Yoda

[Niteflyer]

I'll believe it when I see it!!!!!

[Alex38]

Are we STILL waiting for them to revalue? Hahahahaha... Luckily this article says "soon"... (Jk)

Thanks Yota! Hey Zig!

AS

[Boozer]

My math is not that good, but it is over $1.00 I read another news paper and it came out at $1.30..I also read Kuwaiti Ambassator ( All outstanding Issues with Iraq Resolved and has sent to the UN with asking for Iraq to be released from Chapter 7 ) http://wp.me/pZC7o-duH

[JayLee202]

I hope they're right

[zigmeister]

Are we STILL waiting for them to revalue? Hahahahaha... Luckily this article says "soon"... (Jk)

Thanks Yota! Hey Zig!

AS

Hey Alex good to see you. Yes we are STILL waiting....so we wait.<--- a great philosopher said it first.

Some new stuff, like Iraq is into changing the sex of their land.

[unirod]

IMO 2 scenarios.

1) Raise the Dinar rate to 1000 : 1 and the Dinar would have a street value of 1150-1200 :1 against the USD.

2) Raise the Dinar rate to over 1+ : 1 against the USD and you will shut off the Syria and Iran smuggling issue.

Thx, Yota

I'll take #2

[zigmeister]

2) Raise the Dinar rate to over 1+ : 1 against the USD and you will shut off the Syria and Iran smuggling issue.

Especially if you keep the three zero's in tact, I like that idea....lets do that Iraq.....you big munchkin!

[Alex38]

Hey Alex good to see you. Yes we are STILL waiting....so we wait.<--- a great philosopher said it first.

Some new stuff, like Iraq is into changing the sex of their land.

Oh cool! I love when they do an in country sex change!!

[cooked]

How many times must we hear them talk? If I had a hair on my head for each time they talked I would look like Rod Stewart.

[zigmeister]

Oh cool! I love when they do an in country sex change!!

Not every country can do that.

[nemesis760]

Looks like 90 cents per dinar. Or is that 1.80 per? Good job Yoda

I got .90 dinar to $1 also (900,117,000 dinar divided by 1,000,000,000 dollars) or $1.11:1 Dinar ($1 divided by .900117 Dinar)

I hope thats right!

[jonjon]

$100 = 117 thousand and 900 dinar

same as $1 = 1179 dinar

The B alternate translation = with

Edited May 7, 2012 by jonjon