RV Over Night Button

[poorman]

THIS HAS BEEN GOING ON AND ON.DO YOU THINK THERE GOING TO LET YOU NO THE PRICE IS GOING UP,HECK NO. GET REAL.

[jackster]

From Wikipedia: Bolívar fuerte

The government announced on 7 March 2007 that the bolívar would be revalued at a ratio of 1 to 1000 on 1 January 2008 and renamed the bolívar fuerte in an effort to facilitate the ease of transaction and accounting.[7] The new name is literally translated as "strong bolívar",[8][9] but also references an old coin called the Peso fuerte worth 10 Spanish reales.[10]

The name "bolívar fuerte" is only used temporarily to distinguish it from the older currency that is being used along with the bolívar fuerte.[11]

The Central Bank of Venezuela is promoting the new currency with an ad campaign and the slogan: "Una economía fuerte, un bolívar fuerte, un país fuerte" (lit. "a strong economy, a strong bolívar, a strong country").[7] Nevertheless, the black market value of the bolívar fuerte has been significantly lower than the fixed exchange rate of 2.15 (in February 2008 it was as high as 7.0 to 1).[2] It is illegal to publish this "parallel exchange rate" in Venezuela.[2]

Some estimations suggest that the government spent more than US$320 million to introduce the new currency.[citation needed]

At 8 January 2010, the value was changed by the government from the fixed exchange rate of 2.15 bolívares fuertes to 2.60 bolívares for some imports (certain foods and healthcare goods) and 4.30 bolívares for other imports like cars, petrochemicals, and electronics.[12]

At 4 January 2011, the fixed exchange rate became 4.30 bolívares for 1.00 USD for both sides of the economy.

It should be noted that the official value of 4.30 is restricted to individuals by CADIVI, which imposes an annual limit on the amount available for travel (up to $3000 annually depending on the location and duration of travel) and $400 for electronic purchases.

[geoyachtsus]

Received this some minutes ago. Just cannot resist forwarding this to the rumours section. I am definitely tweaked a little. Maaaaaaayyybeeeeeee!!!!!!!!!

Economist Opinion: Exchange rate of dinar against dollar will fall more in the coming days; CBI measure effective

Posted: September 30, 2012 in Iraqi Dinar/Politics

Tags: Baghdad, Central bank, dollar, exchange rate, iraqi, Iraqi dinar, News agency, United States dollar

Expert: the exchange rate of the dinar against the dollar will fall more in the coming days by the actions of the Central Bank of effective

30-09-2012

Chief Economist Majid picture, that the exchange rate of the U.S. dollar in freefall and will equal the exchange rate of the Iraqi dinar in the next few days, praising central bank measures “successful” to reduce the exchange rate of the dinar against the dollar.

He said Suri (of the Agency news) on Sunday: One of the important factors for the high exchange rate of the dollar against the dinar in the summer months the past is the high demand and tight supply and exploitation of banking companies for citizens to raise the price of the dollar, prompting the central bank to increase supply in the currency auction.

He added: that the success of the actions of the Central Bank in reducing the price of the dollar against the dinar would make one dollar is equal to one Iraqi dinar in the next few days.

The picture: that the decline in the dollar exchange rate was limited only to demand cash and not remittances, noting that the transfer obtained by the merchant through banks and banking companies circulated at the official rate, while the cash demand by citizens through banking offices fell to its reliance on worker supply and demand.

ALTERNATE TRANSLATION:

Expert: dinar exchange rate against the dollar would drop more in the coming days by effective central bank actions

30-09-2012

Baghdad (News)

The Economist said Majid, US dollar exchange rate is declining and the dinar will equal in the next few days, praising Central Bank actions “successful” reduce the dinar against the dollar.

Majid said (News Agency news) on Sunday: that one important factor for the high dollar exchange rate dinar last summer months are high demand and low supply and exploitation of citizens banking companies to lift the dollar, prompting the Central Bank to increase the supply in the auction currency.

He added: the success of Central Bank actions in reducing the dollar against the Iraqi dinar will make dollar Iraqi dinar per few days ahead.

Mock said: the decline of the dollar merely demand cash and money orders, indicating that hawala dealer obtained through banks and banking companies circulated official price, cash demand by citizens through the exchange offices reduced to dependence on supply and demand.

God Bless,

Peter

Life isn’t about waiting for the storm to pass…It’s about learning to dance in the rain.

[geoyachtsus]

Well, I followed this up and the info comes from another site. I don't know it, so I have no idea of validity. I won't be doing this again. Go RV. It is going to be one hell of a party.