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After it was officially set at 1450 dinars to the dollar ... the Minister of Finance expects the exchange rate in the market


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Speculators should learn how to do the math on these exchanges. Please let me help. The value of IQD was 1 USD = 1190 IQD, or 1 IQD was worth (1/1190)USD or $0.00084. As of today, the value of the din

The people will lynch every member of government if they don't reverse this move quickly.  They won't have to wait until June to vote them out.   Politicians, by nature, frown on this.  Ther

All I can say let it play out and see what happens. More to this then what ink on paper .. and Good Morning DV

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7 minutes ago, rvmydinar said:

The minister of finance set the exchange rate to 1450, 1 iqd=0.69 us. I can live with that.

 

But the cbi set the exchange rate to 145, that means 1 iqd=6.9 us. Wow, this is the best rate i have ever seen in my whole life. Life is good.

Possum is that you ? Just kidding I couldn’t resist 

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4 minutes ago, 6ly410 said:

The Central Bank announced the adoption of new exchange rates for the dollar to 145 dinars against the dollar.

Wouw this is a very big news. The cbi suprise us with a new exchange rate to 145 dinar, drop 3 zeros, then 1 iqd=6.9 us. Wow this is the best rv rate i have ever seen in my whole life. Come rv closer.

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3 minutes ago, rvmydinar said:

Wouw this is a very big news. The cbi suprise us with a new exchange rate to 145 dinar, drop 3 zeros, then 1 iqd=6.9 us. Wow this is the best rv rate i have ever seen in my whole life. Come rv closer.

Nope. 1450

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12 minutes ago, Jaygo said:

Why do I feel like something else is about to happen here besides just a 1450 rate change?????? We have had many issues with translation with what these people say... Could we be missing something????? Not getting excited yet been here for too long BUT,..............

If the sentences and words were written in arabic language, and using like the goggle translation to translate from arabic to english, then we sometimes have problem with translation, this is definitely right. But if the number like 11 or 12 combined together , like the address ( the name of the street + the number ) in arabic languages  then using goggle translation, i am pretty sure the number like " 21 or 22 " will remains the same " 21 or 22 ", there will be no change in the number. Do you understand what i mean? 

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13 minutes ago, rvmydinar said:

Wouw this is a very big news. The cbi suprise us with a new exchange rate to 145 dinar, drop 3 zeros, then 1 iqd=6.9 us. Wow this is the best rv rate i have ever seen in my whole life. Come rv closer.

The 145 really means 1450.. even my Shia friend texted me yesterday and said looks like the new rate is 145.. I guess it’s just how they talk about the rate, without the last zero..

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New rate 1450 IQD per $1..... Around 22% devaluation of the dinar

This is a brilliant plan by the CBI and finance minister 

I bet the Iraq citizens are in panic, looking to buy dollars to protect their savings from devaluation 

This will help increase the financial inclusion 

This will help to collect 000

This will help to reduce the monetary mass ( sucking in chunky money)

 

Good for the CBI but not for the Iraq citizens.!

 

We wait and see.!

 

Go new rate

Go delete the 000

Go RV

 

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1 minute ago, GregHi said:

The 145 really means 1450.. even my Shia friend texted me yesterday and said looks like the new rate is 145.. I guess it’s just how they talk about the rate, without the last zero..

If the rate is 145 what does that give us?

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2 minutes ago, GregHi said:

The 145 really means 1450.. even my Shia friend texted me yesterday and said looks like the new rate is 145.. I guess it’s just how they talk about the rate, without the last zero..

Thanks for your clear explanation then.

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Economy news Iraq news now urgent

After the statements of the Minister of Finance ... know the exchange rate of the US dollar on the Kifah Stock Exchange

Posted 1 hour ago
News source / newsroom
%D8%B9%D8%A7%D8%AC%D9%84-%D8%A7%D9%84%D8
newsroom
News source / newsroom
The exchange rate of the US dollar against the Iraqi dinar jumped on the Al-Kifah Stock Exchange this evening, Saturday, December 19, 2020, following the statements of the Iraqi Finance Minister Ali Allawi.

The exchange rate of the US dollar in Baghdad ranged between 1400 and 1370 Iraqi dinars per dollar, amid a state of confusion in the market.

The Minister of Finance, Ali Allawi, said, Saturday, that the closest selling price to the local market will be 1450 dinars to one dollar in the 2021 budget.

"The Ministry of Finance will issue a statement at a later time to raise the exchange rate to 1450 dinars to one dollar," the minister said in televised statements.

He added that "the price of the dollar set at 1450 will be the approved price of selling from the finance to the central bank, and the margin that the central bank will add will not be large and may reach 1490 dinars against the dollar, which is the closest to the market price

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Things that make you go Hmmmmm.......

 

Does anyone else find it "Funny" that 

1 Special Drawing Right =1.4457 American Dollar

As my wife would say, "Just Say'en"

 

SDR USD
coinmill.com
0.50 0.72
1.00 1.44
2.00 2.89
5.00 7.22
10.00 14.44
20.00 28.88
50.00 72.20
100.00 144.40
200.00 288.79
500.00 721.99
1000.00 1443.97
2000.00 2887.94
5000.00 7219.86
10,000.00 14,439.72
20,000.00 28,879.45
50,000.00 72,198.62
100,000.00 144,397.24

SDR rate
December 17, 2020

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From the CBI website.....what is the relationship to the chart above?

 

 

US dollar USD 1190,000
Euro EUR 1450.491
Pound sterling GBP 1610.427
Canadian dollar CAD 933.114
Swiss franc S.FR 1343.874
Swedish krona SEK 142.602
Norwegian krone NOK 137.113
Danish krone DKK 194.919
Japanese yen JPY 11.475
Chinese Yuan CNY 181.910
Australian dollar AUD 900.116
Special drawing rights SDR 1715.873
Gold for 24-ounce Gold 2189004.900
 
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13 minutes ago, DropItLikeItsHot said:

Things that make you go Hmmmmm.......

 

Does anyone else find it "Funny" that 

1 Special Drawing Right =1.4457 American Dollar

As my wife would say, "Just Say'en"

 

SDR USD
coinmill.com
0.50 0.72
1.00 1.44
2.00 2.89
5.00 7.22
10.00 14.44
20.00 28.88
50.00 72.20
100.00 144.40
200.00 288.79
500.00 721.99
1000.00 1443.97
2000.00 2887.94
5000.00 7219.86
10,000.00 14,439.72
20,000.00 28,879.45
50,000.00 72,198.62
100,000.00 144,397.24

SDR rate
December 17, 2020

What was it before?

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3 minutes ago, DinarDavo said:

 

 

From the CBI website.....what is the relationship to the chart above?

 

 

US dollar USD 1190,000
Euro EUR 1450.491
Pound sterling GBP 1610.427
Canadian dollar CAD 933.114
Swiss franc S.FR 1343.874
Swedish krona SEK 142.602
Norwegian krone NOK 137.113
Danish krone DKK 194.919
Japanese yen JPY 11.475
Chinese Yuan CNY 181.910
Australian dollar AUD 900.116
Special drawing rights SDR 1715.873
Gold for 24-ounce Gold 2189004.900
 

When we see sdr 1715.873 and 1us=1190 iqd. Then   1715.873/1190=1.4419. This means 1 sdr=1.4419 us dollar. This rate is almost the same as the rate on the chart above 1 sdr=1.44 usd from dropitlikeitshot.

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2 minutes ago, rvmydinar said:

When we see sdr 1715.873 and 1us=1190 iqd. Then   1715.873/1190=1.4419. This means 1 sdr=1.4419 us dollar. This rate is almost the same as the rate on the chart above 1 sdr=1.44 usd from dropitlikeitshot.

Excellent posts my dinar friends all of this is Not a coincidence!! I am getting the butterflies in my stomach today seriously lol!!! Come on RV let’s getRdone!!

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1 hour ago, Jaygo said:

Why do I feel like something else is about to happen here besides just a 1450 rate change?????? We have had many issues with translation with what these people say... Could we be missing something????? Not getting excited yet been here for too long BUT,..............

 

Never let a crisis go to waste? 

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