easyrider Posted September 26, 2017 Report Share Posted September 26, 2017 check bottom of page- Revaluation for current year? expenses. Financial Situation Tables for CBI. Table of August /2017 https://cbi.iq/static/uploads/up/file-150632637540913.pdf 1 4 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted September 26, 2017 Report Share Posted September 26, 2017 Not sure I get it... Can you explain? B/A Quote Link to comment Share on other sites More sharing options...
mr.unlikely Posted September 26, 2017 Report Share Posted September 26, 2017 I call BS on that one. How can the total assets amount be exactly the same as total liabilities. That is a faked spread sheet IMO. KTFA are a bunch of snakes. I'm not sure what they hope to gain from this Shiite bit it could not possibly be correct. 1.92 trillion in foreign currency reserves, IQD values. Total BS. CBI foreign currency reserves around 49 billion USD. That roughly 54 trillion dinar. Those numbers aren't adding up. 1 2 Quote Link to comment Share on other sites More sharing options...
easyrider Posted September 26, 2017 Author Report Share Posted September 26, 2017 not quite sure myself what it means was hoping someone knew more than i do about financial tables and i find it weird they use the word revaluation on their spreadsheet for current year. Quote Link to comment Share on other sites More sharing options...
DinarDavo Posted September 26, 2017 Report Share Posted September 26, 2017 (edited) I just googled it and came up with this....appears to be a standard accounting practice of entities that deal in multiple currencies: http://www.reportsyouneed.com/blog/understanding-currency-accounting-revaluation-and-translation Edited September 26, 2017 by DinarDavo 3 Quote Link to comment Share on other sites More sharing options...
gregp Posted September 26, 2017 Report Share Posted September 26, 2017 (edited) 3 minutes ago, DinarDavo said: I just googled it and came up with this....appears to be a standard accounting practice of entities that deal in multiple currencies: http://www.reportsyouneed.com/blog/understanding-currency-accounting-revaluation-and-translation Exactly. Thank you Edited September 26, 2017 by gregp 2 Quote Link to comment Share on other sites More sharing options...
sandfly Posted September 26, 2017 Report Share Posted September 26, 2017 thanks 2 Quote Link to comment Share on other sites More sharing options...
King Bean Posted September 26, 2017 Report Share Posted September 26, 2017 Thanks DD and the rest of you. If that DID come from KTFA or TNT crew, their followers are easily dazzled by BS. On another note....my wife "helps" me balance our accounts by keeping things at zero. Makes the calculator obsolete, she says. Thanks honey !! 4 Quote Link to comment Share on other sites More sharing options...
lifes journey Posted September 26, 2017 Report Share Posted September 26, 2017 King Bean thats a good one couldnt say it better myself but where would we be without our better halfs, and dont forget the magic words YES DEAR 1 Quote Link to comment Share on other sites More sharing options...
dullenih Posted September 26, 2017 Report Share Posted September 26, 2017 1 hour ago, King Bean said: Thanks DD and the rest of you. If that DID come from KTFA or TNT crew, their followers are easily dazzled by BS. On another note....my wife "helps" me balance our accounts by keeping things at zero. Makes the calculator obsolete, she says. Thanks honey !! no more luigi here..last i saw it in iqdcall chatroom but with other name Quote Link to comment Share on other sites More sharing options...
steveh12 Posted September 26, 2017 Report Share Posted September 26, 2017 Don't forget your HONEY DO List !! Quote Link to comment Share on other sites More sharing options...
Laid Back Posted September 26, 2017 Report Share Posted September 26, 2017 4 hours ago, mr.unlikely said: I call BS on that one. How can the total assets amount be exactly the same as total liabilities. That is a faked spread sheet IMO. KTFA are a bunch of snakes. I'm not sure what they hope to gain from this Shiite bit it could not possibly be correct. 1.92 trillion in foreign currency reserves, IQD values. Total BS. CBI foreign currency reserves around 49 billion USD. That roughly 54 trillion dinar. Those numbers aren't adding up. Totally agree with you mr. unlikely This are not the CBI real number... If they give us the real number we can calculate the dinar real value. Go truth Go facts Go CBI Go new monetary policy Go RV 1 5 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 26, 2017 Report Share Posted September 26, 2017 44 minutes ago, Laid Back said: Totally agree with you mr. unlikely This are not the CBI real number... If they give us the real number we can calculate the dinar real value. Go truth Go facts Go CBI Go new monetary policy Go RV That is exactly what I was thinking when I pulled up the link. Let's calculate the value. 3 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted September 26, 2017 Report Share Posted September 26, 2017 34 minutes ago, ChuckFinley said: That is exactly what I was thinking when I pulled up the link. Let's calculate the value. You got it Bro.! Quote Link to comment Share on other sites More sharing options...
Floridian Posted September 26, 2017 Report Share Posted September 26, 2017 55 minutes ago, ChuckFinley said: That is exactly what I was thinking when I pulled up the link. Let's calculate the value. Good idea! Wish I was good in math. Who's good at this stuff? Please help. Quote Link to comment Share on other sites More sharing options...
Spider Posted September 26, 2017 Report Share Posted September 26, 2017 http://www.investopedia.com/terms/r/revaluation.asp Revaluation SHARE What is a 'Revaluation' A revaluation is a calculated upward adjustment to a country's official exchange rate relative to a chosen baseline; the baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government, such as its central bank, can alter the official value of the currency. Revaluation is contrasted by devaluation, which is a downward adjustment. BREAKING DOWN 'Revaluation' Revaluations occur on a regular basis, marked by the observable fluctuations in the foreign currency market and associated exchange rates. Example of Currency Revaluation Say a government has set 10 units of its currency equal to $1 in U.S. currency. To revalue, the government might change the rate to five units per dollar. This results in its currency being twice as expensive when compared to U.S. dollars than it was previously. Before the Chinese government revalued the yuan, it was pegged to the U.S. dollar. After revaluation, It was pegged to a basket of world currencies. Currency Revaluation and Asset Revaluation Revaluations affect not just the currency being examined but can also affect the valuation of assets held by foreign companies in that particular currency. Since a revaluation has the potential to change the exchange rate between two countries and their respective currencies, the book values of foreign-held assets may have to be adjusted to reflect the impact of the change in the exchange rate. For example, if the aforementioned currency revaluation occurred, any assets held by a U.S. company in the foreign economy need to be revalued. If the asset, held in foreign currency, was previously valued at $100,000 based on the old exchange rate, the revaluation would require its value to be changed to $200,000. This change reflects the new value of the foreign asset, in the home currency, by adjusting for the revaluation of the currency involved. Global Events and Revaluation Currency revaluation can be triggered by a variety of events. Some of the more common causes include changes in the interest rates between various countries and large-scale events that affect the overall profitability, or competitiveness, of an economy. Changes in leadership can also cause fluctuations, as they may signal a change in a particular market’s stability. Speculative demand can also impact the value of a currency. For example, in 2016, prior to the vote determining if Britain would remain part of the European Union, speculation caused fluctuations in the value of multiple currencies, including the U.S. dollar and the Chinese yuan. Since it was not yet known whether Britain would remain, any action taken because of the possibility was considered speculative in nature. read more: Revaluation http://www.investopedia.com/terms/r/revaluation.asp#ixzz4toNOzwur Follow us: Investopedia on Facebook 2 4 Quote Link to comment Share on other sites More sharing options...
nannab Posted September 26, 2017 Report Share Posted September 26, 2017 I still love it because in my own little mind I tripled the assets because they lie about everything. Also they are the richest country in the world and even more so when they empty the pockets of the crooks. Like I said it do's not take much to amuse myself. Thanks a bunch everyone !!! 1 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted September 26, 2017 Report Share Posted September 26, 2017 9 minutes ago, nannab said: I still love it because in my own little mind I tripled the assets because they lie about everything. Also they are the richest country in the world and even more so when they empty the pockets of the crooks. Like I said it do's not take much to amuse myself. Thanks a bunch everyone !!! Here you go my friend !! 3 Quote Link to comment Share on other sites More sharing options...
nannab Posted September 26, 2017 Report Share Posted September 26, 2017 That's about right !!!! Love it ! 1 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted September 26, 2017 Report Share Posted September 26, 2017 1 4 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted September 26, 2017 Report Share Posted September 26, 2017 23 minutes ago, SnowGlobe7 said: WAY TOO FUNNY, SnowGlobe7!!! Thank You For Posting!!! Go Moola Nova! 1 1 Quote Link to comment Share on other sites More sharing options...
gregp Posted September 26, 2017 Report Share Posted September 26, 2017 50 minutes ago, SnowGlobe7 said: OMG!! 1 Quote Link to comment Share on other sites More sharing options...
nannab Posted September 26, 2017 Report Share Posted September 26, 2017 1 hour ago, SnowGlobe7 said: Yup that would be me in my other life. Or my rescue fat cranky old lady Bella now. Too funny 2 Quote Link to comment Share on other sites More sharing options...
King Bean Posted September 27, 2017 Report Share Posted September 27, 2017 5 hours ago, nannab said: ....it doesn't take much to amuse myself. Thanks a bunch everyone !!! Check this one, Nannab. I showed this trick to Luigi...........and he's STILL stuck. 1 2 Quote Link to comment Share on other sites More sharing options...
nannab Posted September 27, 2017 Report Share Posted September 27, 2017 OMG you are so bad Poor Luigi Quote Link to comment Share on other sites More sharing options...
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