looks like we may have a RATE

[dirtman_00]

Please read the artical and check my math

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.swalefnalhelwa.com/news.php%3Faction%3Dview%26id%3D1002&rurl=translate.google.com

The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

[BruceV]

Please read the artical and check my math

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.swalefnalhelwa.com/news.php%3Faction%3Dview%26id%3D1002&rurl=translate.google.com

The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

I hope so! I'd be more than happy with that rate!

[Moe485]

Please read the artical and check my math

http://translate.goo...late.google.com

The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

Now this looks very positive. I would like to hear what people have to say about this...

[grimreaper]

I get 0.8559

[krmayo]

.86 cents per dinar. That's pretty much deleting the three zeros.

[Rogue Knight]

More LOP talk.

[kjwayne]

i GOT $3.22

[seabee64]

That's more like it KJ.

[Moe485]

More LOP talk.

LOP talk? where i see taking the 3 zeros off the nominal value not of the bigger notes

[dinardick]

Please read the artical and check my math

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.swalefnalhelwa.com/news.php%3Faction%3Dview%26id%3D1002&rurl=translate.google.com

The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

First of all are you saying DIVIDE (your spelling DEVIED) 79.6 into 93?

79.6 DIVIDED by 93 +7= 0.8559139

[allinxpress]

How can a country so rich in resources open at such a low rate? Im sorry but im sticking with my gut... $3.22 or higher. Look at the history of the currency..

Now COME ON IRAQ!! GET IT DONE BABY!

[TimS]

I get 0.8559

you are correct....somebody cut math class in high school

[TimS]

Please read the artical and check my math

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.swalefnalhelwa.com/news.php%3Faction%3Dview%26id%3D1002&rurl=translate.google.com

The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

You are backwards on your math....BUT both numvbers mentioned in the article (budget and deficit) figure out to a rate of $0.85 7/10 per dinar?????????????????????????

Question is ....is the article/source dependable and accurate?

[Shylmysten]

How can a country so rich in resources open at such a low rate? Im sorry but im sticking with my gut... $3.22 or higher. Look at the history of the currency..

Now COME ON IRAQ!! GET IT DONE BABY!

They are reducing their liabilites to the enormous amount of speculators of the Dinar, while at the same time still providing the Largest investors (foreign countries/banks) and very nice ROI. Secondly they are generating revenues, because like you, people know the dinar will be further revalued from here, and will finally get off the fence and start buying the dinar themselves. I explain this in this post here

Secondly, the article that came out today and was posted today I think somewhat confirms my theory of a gradual RV. But these are just my own speculations from the facts. The article I am talking about is here

[idplzr]

I cant B!t©h

[Papa Kilo]

First of all are you saying DIVIDE (your spelling DEVIED) 79.6 into 93?

79.6 DIVIDED by 93 +7= 0.8559139

Why are you adding 7 (79.6 DIVIDED by 93 +7= 0.8559139)? if you are going to be such a perfectionist on other peoples posts, you might want to check yours....

[jlp]

.85, .75, 1.00, whatever, I will be very happy!

[tired_of_waiting]

I hope this is it this time

[hablrob]

Here's the whole dang thing.

More reference to rate than just one!!!!!!!!!!!

ليث اليوسف.. مقالاتي باللهجة العراقية

مصدر: بامكان اقليم كردستان تعيين 10 الاف شخص Source: Kurdistan can set to 10 thousand people

بتاريخ : الجمعة 07-01-2011 05:03 مساء On: Friday 07/01/2011 17:03

شــبكة هذا اليــوم للأخبار (HNN) - أفاد مصدر مسؤول في وزارة المالية بحكومة اقليم كردستان العراق اليوم الجمعة، ان بامكان حكومة الاقليم وفق ميزانية عام 2011 الحالي، تعيين 10 الاف شخص فقط، مبيناً ان مالية الاقليم سترسل ميزانيتها لعام 2011، الى برلمان كردستان للمصادقة عليها، بعد مصادقة مجلس النواب العراقي على الموازنة الاتحادية العامة. Network this day of News (HNN) - An official in the Ministry of Finance Government of the Kurdistan region of Iraq on Friday, that the Government of the province according to the 2011 budget the current, set to 10 thousand people only, indicating that the financial region will send its budget for 2011, to Kurdistan parliament for approval which, after approval by the Iraqi parliament on the budget of the Federal Assembly.

وقال وكيل وزارة المالية بحكومة الاقليم، رشيد طاهر، لوكالة كردستان للأنباء (آكانيوز)، ان "وزارة المالية العراقية لا علاقة لها بتحديد عدد الموظفين الذين ستعينهم حكومة اقليم كردستان، بل ان تحديد نسبة التعيين للعام الحالي هي من صلاحيات حكومة الاقليم وبرلمان كردستان". U.S. Undersecretary of the Ministry of Finance Government of the region, Rashid Tahir, told the Kurdish news agency (Rn), "The Ministry of Finance of Iraq have nothing to do limit the number of staff who will be appointed by the Kurdistan Regional Government, but to determine the percentage of appointment for the current year is the prerogative of the provincial government and the Parliament of Kurdistan."

وأضاف طاهر ان "وزارة المالية بحكومة الاقليم أعلنت عن قدرتها على تعيين نحو 10 الاف شخص فقط، لأن ميزانية الاقليم ليست بمقدورها استيعاب أكثر من هذا العدد". "Said Taher," The Ministry of Finance announced that the provincial government for its ability to recruit about 10 thousand people only, since the budget of the province are not able to absorb more than this number. "

وكان وكيل وزارة المالية في حكومة العراق الاتحادية فاضل نبي، قد قال لـ (آكانيوز) الاحد الماضي، ان "اقليم كردستان بامكانه تتعيين 25 الف موظف في مؤسساته الرسمية اعتماداً على حصته من الموازنة المالية لعام 2011، البالغة 17%". The Undersecretary of the Ministry of Finance of the Government of Iraq, Federal Fadel, a prophet, had told (Rn) last Sunday, "The Kurdistan region could Taataien 25 000 employees in its official institutions, depending on its share of the financial budget for 2011, amounting to 17%."

وكانت الحكومة العراقية قد وافقت على مشروع قانون الموازنة الاتحادية للسنة المالية 2011، بحيث تبلغ الموازنة نحو 93 مليار دينار عراقي (79.6 مليار دولار)، وذلك عند احتساب برميل النفط الواحد بـ 73 دولارا أميركيا، وبمعدل تصدير قدره 2.25 مليون برميل يوميا. The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

ويتوقع ان يبلغ عجز الموازنة نحو 14 مليار دينار (نحو 12 مليار دولار) فيما يتوقع أن يبلغ معدل الإنفاق 64 مليار دينار (نحو 54.70 مليار دولار). It is expected that the budget deficit to reach about 14 billion dinars (about $ 12 billion) in what is expected that the rate of spending 64 billion dinars (54.7 billion dollars).

ويعتمد العراق وهو عضو في منظمة أوبك على عائدات النفط لتمويل نحو 95 بالمائة من موازنته السنوية. Iraq relies He is a member of the Organization of Petroleum Exporting Countries on oil revenues to finance about 95 percent of its annual budget.

وتعتبر هذه الموازنة المقترحة اكبر وأضخم موازنة منذ تأسيس الدولة العراقية في حال إقرارها من قبل مجلس النواب خلال الأيام المقبلة. This is the largest proposed budget and the largest budget since the founding of the Iraqi state in the event of approval by the House of Representatives in the coming days.

يشار الى ان حصة اقليم كردستان من اجمالي الموازنة المالية للعراق الاتحادي تبلغ 17% بحسب اتفاقية سياسية بين اربيل وبغداد، ووفقاً لذلك يتسلم الاقليم مبلغ 12ترليوناً و600مليار دينار عراقي خلال العام الحالي. It is said that the Kurdistan region's share of the total financial budget of the Federal Iraq 17%, according to a political agreement between Erbil and Baghdad, according to the region that receives $ 12 Trliuna and 600 billion Iraqi dinars during the current year.

Edited January 7, 2011 by hablrob

[Action316]

Now this looks very positive. I would like to hear what people have to say about this...

I am with Moe on this one PoZiTiVe ViBeZzz!!!

Please read the artical and check my math

http://translate.goo...late.google.com

The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

Good find D-Man... +1 from me

[dinardick]

Why are you adding 7 (79.6 DIVIDED by 93 +7= 0.8559139)? if you are going to be such a perfectionist on other peoples posts, you might want to check yours....

[/quote

I have fat fingers.....fat finger typo....not a spelling mistake

[scott0916]

READ PEOPLE, READ.......

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

DIVIDE 79.6 " INTO " 93 .........

93 divided by 79.6

maybe thats why there is so much animosity on here...... read, understand, comprehend first, then when your sure of what you read, and only then,

can you criticize another...

[xdmed]

Please read the artical and check my math

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.swalefnalhelwa.com/news.php%3Faction%3Dview%26id%3D1002&rurl=translate.google.com

The Iraqi government has approved the draft federal budget law for fiscal year 2011, so inform the budget some 93 billion Iraqi dinars (79.6 billion dollars), when calculated per barrel to $ 73 U.S., and the rate of export of 2.25 million barrels per day.

If you devied 79.6 into 93 you get 1.16 so it looks as if 1.16 dinars = 1 USD

that was then now it is 90 per barrel

[VanessaL4100]

i GOT $3.22

Just curious. What math did you do to get that rate? Thanks!

[keepmwlknfny]

Im pretty sure this is a typo.....the budget is supposed to be 91 or 93 TRILLION dinar.......guess we will see.....check other news sources.....