Dinar News Realistic Exchange Rate Range for an IQD ReValuation --- ENJOY & REJOICE...!

[ronscarpa]

Hi Everyone,

Here's a critical link (I haven't seen it before) that will give you an idea of where the Iraqi Dinar will revalue (RV) at - it's from the Iraqi Ministry of Finance & Planning, and was completed in 2008. With current circumstances and economic pressures it should be higher than the low rate identified in the report:

http://www.mop-iraq.org/mopdc/index.jsp?sid=1&id=308&pid=295&lng=en

Paste it in your browser...!

God bless you,

RON

[ToddS]

Ron,

Thanks for the link, I had seen that awhile back but forgotten it. Thank you for reminding me of it.

Sincerely,

Todd

[Brandon2230]

Is thissaying that's what's recommended? Or is this what they will implement?

[homeless]

Ok you made me read the darn thing. Just post it instead of making me do all that work, copy paste and read whew!!!!! If it does'nt come in at that rate, well, I'm coming for you!!! LOL. Just bought some more dinars, wife says any spare change, make it a buy.

[homeless]

Thanks for the post ron, really a good read.

[carlablum]

let it hit a dollar and i'll be happy!

amen!!!!!!!!!!

[Mojo]

Just let it RV and ill be happy

[Teresa82]

I like it! then I will get to keep some I guess!

[rkpdwp]

someone please post the rate

[FloridaChick]

Thanks ronscarpa! God Bless YOU!

[miller]

good post thanks you for the info, now all we need is the rv to happen.

[Chief V]

That's an awesome post Ron, thank you!!! I'm liking that.....!!! Hey rkpdwp,

someone please post the rate

we're not all spoon fed here, didn't you read the link????....lol

[beau777]

Last paragragh from that link.

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.

http://www.mop-iraq.org/mopdc/index.jsp?sid=1&id=308&pid=295&lng=en

Edited March 31, 2010 by beau777
added link

[woookiee]

Hey great find, hope we are all counting our money soon!

[scottiraq04]

Hi Everyone,

Here's a critical link (I haven't seen it before) that will give you an idea of where the Iraqi Dinar will revalue (RV) at - it's from the Iraqi Ministry of Finance & Planning, and was completed in 2008. With current circumstances and economic pressures it should be higher than the low rate identified in the report:

http://www.mop-iraq.org/mopdc/index.jsp?sid=1&id=308&pid=295&lng=en

Paste it in your browser...!

God bless you,

RON

I would invite everyone to look at this web page, and the preceeding page page, very hard. This has been brought to this site several times in the past, and most of the time it was completely misinterpreted.

Here is the preceeding web page: http://www.mop-iraq.org/mopdc/index.jsp?sid=1&id=295&pid=259

Capital Budgeting in Republic of Iraq is evolving into a more structured process with the introduction of a defined policy and procedures that will culminate in a prioritized list of projects for the Capital Budget.

In turn, The Guidance For Technical And Economic Feasibility Studies And Post-Project Assessment Of Development Project (

Regulations No. 1 for the Year of 1984 and

it

[lost one]

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:

[brookie]

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. just for anyone that did not want to read it

[p2motive]

all in good time

[luckylucy]

Thanks, everyone. my "thanks" button doesn't work!

[phil23]

I would be grateful if someone would post the rate. When I try to access the page it is not available.

[mark_mich266]

I read Ron's post and have now pasted it below. Great find, Ron!!! Hope it works out.............

Home About MoPDC Capital Budget & Public Contracts Planning Budget The Exchange Rate of Foreign Currency in Economic Feasibility 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:

[caz1158]

I read that post on another thread here,positive info is always worth re-reading,good job.

[ronscarpa]

I would invite everyone to look at this web page, and the preceeding page page, very hard. This has been brought to this site several times in the past, and most of the time it was completely misinterpreted.

Here is the preceeding web page: http://www.mop-iraq.org/mopdc/index.jsp?sid=1&id=295&pid=259

Capital Budgeting in Republic of Iraq is evolving into a more structured process with the introduction of a defined policy and procedures that will culminate in a prioritized list of projects for the Capital Budget.

In turn, The Guidance For Technical And Economic Feasibility Studies And Post-Project Assessment Of Development Project (

Regulations No. 1 for the Year of 1984 and

it

[Kent]

...now that would be worth readying and analyzing.

So was your post. Thanks as always Scott. I guess this answers my PM to you on this subject. You're the man!

Kent

[ronscarpa]

So was your post. Thanks as always Scott. I guess this answers my PM to you on this subject. You're the man!

Kent

Thanks Kent - I agree with you and Scott - it would be worth reading...!

RON