looks like we may have a RATE

[Dinar Holder]

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

Hey Moe

Is the rumor about the troops handing over the dinars true?????

I appriciate your imput

[dirtman_00]

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

Please show me how you came up with 3.22

[leola]

MAN THATS SOMETING TO HOWL ABOUT ,,,,THAT IS REALLY THE FIRST TIME THEY HAVE ACTUALLY . REFERED TO TO A BREAK DOWN,,,,,,.$.86,,,,,,,THAT IS A GOOD STARTING POINT........

[wasgolfer]

If 93 billion dinars is worth [79.6 bill USD} then 79.6 divded by 93 equals .8559. not the other way around

[VanessaL4100]

Please show me how you came up with 3.22

lol I didn't come up with it. Someone else supposedly did.

[steveo]

im getting 1.16 from this post and 5 bucks from another....couldent be further apart...lmao

head for the middle somewhere then we should be close

[estephan]

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.....

If it is a typo tthey typo'd the whole thing ,all the numbers in this artical are pretty consistent

[Rogue Knight]

i'm thinking that even .50 would be great....

[NICKS]

Please show me how you came up with 3.22

He is joking with you DIRTman

[WHATTHE]

isn't this the kurdistan budget, not the iraq budget? they operate separately right?

[keepmwlknfny]

If it is a typo tthey typo'd the whole thing ,all the numbers in this artical are pretty consistent

One simple mistake....a B instead of a T.....the original budget articles we have seen say 91 or 93 TRILLION......we need to find other articles to support this 93 BILLION.....

[VIZIOIRAQI]

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

Now Now don't forget to round the Numbers Class .8559 rounded off is .86

[dirtman_00]

isn't this the kurdistan budget, not the iraq budget? they operate separately right?

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.

[pureau79]

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

79.6 DIVIDED by 93 +7= 0.8559139

Hey dinardick, Dirt's my buddy. He obviously made a typo. So when you take time to bring correction to someone that, of all times, is not a time you would want to screw up. So 79.6/93+7=0.8559139? You should probably check yourself on that one friend...

[ROCKYrV]

Is this for all of Iraq or just the Kurdistan region?

[suzisimp]

Show me the MONEY!!!!!

[taji2]

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.....

Yeah buddy...u just keep walkin funny!

[Coonass]

IMHO a low RV is simply a way of shaking out some of the speculators early. It will go up and up so just hang on to it.

Banks are not non-profit organizations, they're in this to make money too. If they can buy back X amount of dinar at an .85 exchange rate, even if only for a day or two, they saved millions in the process. The patient hold outs will make more $ in the end.

[renros]

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

Ok... this math looks right to me...the amount of dinar (93 bilion) is larger than the amount of USD(79.6 billion) so it would be 1.16 dinar = 1 USD

If it were .85 then the amount of dinar would have to be smaller than the = to amount of dollars ..... GO RV!!!!

Now all I wanna know is when to I cash in????? Monday?????

[RVDinar4MyFamily]

One simple mistake....a B instead of a T.....the original budget articles we have seen say 91 or 93 TRILLION......we need to find other articles to support this 93 BILLION.....

not just a B intead of a T, that would be a B instead of a TR....just sayin since everyone is pointing out the little things

[Rabbi]

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.....

Certainly not wanting to be a pessimist, but I agree with this statement by keepmwlknfny. I also remember seeing that the budget figure were quoted originally in trillions of dinars, not billions. Maybe it's a typo...or how about the possibility something getting lost in the translation.

[Ras]

That seems to about sums it... Great Find

93 Billion IQD / 79.6Billion USD = 1.1683 IQD = $1 USD

14 Billion iQD / 12 Billion USD = 1.16667 IQD =$1 USD

64 Billion IQD / 54.7 Billion USD = 1.17001 IQD = $1 USD

I'll take it. Let's pray they'll go on n RV

[Bittersweet]

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.....

I have to agree with Keep.. I've seen other budget numbers in the Trillions so I'd like to see another article or proof of this before we can dance.

Also, both numbers are correct... If 1 dinar = $.86 USD, then $1 USD = 1.16 Dinars.... just divide 1 by either number and you'll get the other.

B

[IrishinDenver]

I get 0.8559

I get the same

[ROCKYrV]

Is there a different between Iraq and the Kurdistan region?