wingsofhope Posted January 31, 2011 Report Share Posted January 31, 2011 10 Trillion Iraq Dinars = 32 Trillion Dollars......See for yourself http://www.aknews.com/en/aknews/2/214580/ This is the second article I have read so it is NOT a typo 6 1 Link to comment Share on other sites More sharing options...
joe liberst Posted January 31, 2011 Report Share Posted January 31, 2011 I think your reading comprehension is lacking. 4 4 Link to comment Share on other sites More sharing options...
wingsofhope Posted January 31, 2011 Author Report Share Posted January 31, 2011 What did you get from it? 1 Link to comment Share on other sites More sharing options...
Munsch Posted January 31, 2011 Report Share Posted January 31, 2011 What it says is they will use 10 out of the total 32 not that 10 = 32. I am just saying. Motheher Mohammed Saleh told AKnews that "the Iraqi Central Bank granted the right to the Iraqi government to borrow $ 10 trillion Iraqi Dinars from its available deposits in government banks through the Finance Ministry." "The value of deposits of the government departments and public sector banks is $ 32 trillion dollars, but are scattered among the banks because of the difficulty of coordination." 1 1 Link to comment Share on other sites More sharing options...
snowglobe4 Posted January 31, 2011 Report Share Posted January 31, 2011 follow the above link then read the article "Iraqi budget standoff" also very interesting 1 Link to comment Share on other sites More sharing options...
smee2 Posted January 31, 2011 Report Share Posted January 31, 2011 Motheher Mohammed Saleh told AKnews that "the Iraqi Central Bank granted the right to the Iraqi government to borrow $ 10 trillion Iraqi Dinars from its available deposits in government banks through the Finance Ministry." "The value of deposits of the government departments and public sector banks is $ 32 trillion dollars, but are scattered among the banks because of the difficulty of coordination." 10 trillion dinars, 32 trillion dollars ... sounds like pre-war value to me. smee2 1 1 Link to comment Share on other sites More sharing options...
chuckray Posted January 31, 2011 Report Share Posted January 31, 2011 10 Trillion Iraq Dinars = 32 Trillion Dollars......See for yourself http://www.aknews.com/en/aknews/2/214580/ This is the second article I have read so it is NOT a typo Motheher Mohammed Saleh told AKnews that "the Iraqi Central Bank granted the right to the Iraqi government to borrow $ 10 trillion Iraqi Dinars from its available deposits in government banks through the Finance Ministry." "The value of deposits of the government departments and public sector banks is $ 32 trillion dollars, but are scattered among the banks because of the difficulty of coordination nothing about an RV 1 1 Link to comment Share on other sites More sharing options...
joe liberst Posted January 31, 2011 Report Share Posted January 31, 2011 Borrow 10 from 32, not 10=32... Link to comment Share on other sites More sharing options...
wingsofhope Posted January 31, 2011 Author Report Share Posted January 31, 2011 So they are borrowing 10 trillion dinars from their 32 trillion dollar deposits? 2 Link to comment Share on other sites More sharing options...
KramerDinar Posted January 31, 2011 Report Share Posted January 31, 2011 Motheher Mohammed Saleh told AKnews that "the Iraqi Central Bank granted the right to the Iraqi government to borrow $ 10 trillion Iraqi Dinars from its available deposits in government banks through the Finance Ministry." "The value of deposits of the government departments and public sector banks is $ 32 trillion dollars, but are scattered among the banks because of the difficulty of coordination." I think you could take this 2 ways: 1. They have a total of 32 trillion dinar and are being allowed to borrow 10 trillion of it. 2. They are borrowing 10 trillion dinar worth 32 trillion dollars. If option #2 is the case, that would point the RV to about $3.20. Link to comment Share on other sites More sharing options...
smee2 Posted January 31, 2011 Report Share Posted January 31, 2011 What it says is they will use 10 out of the total 32 not that 10 = 32. I am just saying. Motheher Mohammed Saleh told AKnews that "the Iraqi Central Bank granted the right to the Iraqi government to borrow $ 10 trillion Iraqi Dinars from its available deposits in government banks through the Finance Ministry." "The value of deposits of the government departments and public sector banks is $ 32 trillion dollars, but are scattered among the banks because of the difficulty of coordination." apples and oranges, literally !!!!! 10 trillion DINARS 32 trillion DOLLARS smee2 2 2 Link to comment Share on other sites More sharing options...
learning all i can Posted January 31, 2011 Report Share Posted January 31, 2011 Maybe I'm just reading it wrong and I'd be much happier if I were seeing like you, but it looks like to me, They already have 32 trillion in banks and need an additional 10 trill....hope you're right and I'm wron Link to comment Share on other sites More sharing options...
1Bad69 Posted January 31, 2011 Report Share Posted January 31, 2011 Just read it again slowly, there is no connection to the 2 amounts 1 1 Link to comment Share on other sites More sharing options...
wingsofhope Posted January 31, 2011 Author Report Share Posted January 31, 2011 I don't want to stir up sh*t but it looks to me they are using the 3.2 rate 4 2 Link to comment Share on other sites More sharing options...
eileen Posted January 31, 2011 Report Share Posted January 31, 2011 I don't want to stir up sh*t but it looks to me they are using the 3.2 rate [/quote Man, I wish that were the case!!! I'd retire tomorrow on the spot and never look back!! Aruba here I come!! 1 Link to comment Share on other sites More sharing options...
NEWMAN Posted January 31, 2011 Report Share Posted January 31, 2011 UR HI NERD!! GO RV!!!!!!!!!!!!!!!!!!!! 1 Link to comment Share on other sites More sharing options...
wingsofhope Posted January 31, 2011 Author Report Share Posted January 31, 2011 So Joe, if that were the case why wouldn't they say they are borrowing 10 trillion dinars from their 32 trillion dinar accounts? They specifically say Iraq Dinars and Dollars 4 1 Link to comment Share on other sites More sharing options...
CountryFried Posted January 31, 2011 Report Share Posted January 31, 2011 32trill is the amount of money that is combined from banks and other profit organizations (private investors,etc.). It is the lump sum of everything put together (cash) not liquids such as stocks , buildings etc. The IQG is borrowing that money to help fill gaps in there budget for the 2011 fiscal year. In other words, to help fill agricultural and water needs, the 3 new power plants and other needs. In a way this could be good for us, one, that earlier before, the bank would not loan money but has now opened that door. The fact that they are secure about themselves in lending money to parties in large amounts means that they feel the government is becoming stable enough to make its own money to supply its demands. And 2, this gets things one step closer to meeting the financial budget which has a lot to do with the revalue of the dinar. A secure and solid Financial plan means a strong backbone for a reavaluation of its economy and assets. with money comes power, its how we use that power that defines us, if this rv happens, I hope you guys use your money for the better of humanity 3 Link to comment Share on other sites More sharing options...
Russell M Posted January 31, 2011 Report Share Posted January 31, 2011 GUYS DONT QUIT.... AND BE THANKFUL.... FOR YOUR DAY JOBS... REALLY THIS SHOULD BE ON ANOTHER SITE NOT HERE... LETS PUT IT IN OUR TYPE SITUATION.... THE BANK WILL LEND ME 10,000 DOLLARS BECAUSE I HAVE 500,000 IN PROTECTED ASSETS SCATTERED THROUGHOUT THE STATE 1 Link to comment Share on other sites More sharing options...
onerighthand Posted January 31, 2011 Report Share Posted January 31, 2011 So they are borrowing 10 trillion dinars from their 32 trillion dollar deposits? Tru Dat! thats the way I read it. could be read the other way, but only if you squint a little. 3 Link to comment Share on other sites More sharing options...
wingsofhope Posted January 31, 2011 Author Report Share Posted January 31, 2011 Hey NEWMAN, you can't come up with anything more intelligent than that? Go play on another site 1 Link to comment Share on other sites More sharing options...
snowglobe4 Posted January 31, 2011 Report Share Posted January 31, 2011 If they are taking a loan from themselves...im thinking we may have ti wait longer than we thought for an RV...someone convince me I am wrong please Link to comment Share on other sites More sharing options...
smee2 Posted January 31, 2011 Report Share Posted January 31, 2011 I don't want to stir up sh*t but it looks to me they are using the 3.2 rate Go ahead, stir it up! You are right ...... and one of the few to see it. Everyone seems to be reading dinar versus dinar or dollars versus dollars when it is not ... it is one amount in dinar, and another in dollars, and with that teeny tiny little clue one can extrapolate the rate they are using to get where they are in their thinking. *sigh* Thank you for the opportunity to try to get that point across again. smee2 2 2 Link to comment Share on other sites More sharing options...
Retiredofficer Posted January 31, 2011 Report Share Posted January 31, 2011 Read it three times...probably need to read it once more, but thinking they have $32 trillion dollars worth of deposits scattered amongst their banks, for which they are withdrawing 10 trillion dinars worth for stop-gap. R.O. 1 Link to comment Share on other sites More sharing options...
Munsch Posted January 31, 2011 Report Share Posted January 31, 2011 Motheher Mohammed Saleh told AKnews that "the Iraqi Central Bank granted the right to the Iraqi government to borrow $ 10 trillion Iraqi Dinars from its available deposits in government banks through the Finance Ministry." "The value of deposits of the government departments and public sector banks is $ 32 trillion dollars, but are scattered among the banks because of the difficulty of coordination." 10 trillion dinars, 32 trillion dollars ... sounds like pre-war value to me. smee2 I see my mistake .... but problem is they still don't give a total value of what it is in dinar value ... they do say $10 trillion IQD from its available deposits ... so if it says available that does not imply total ... so you still cant say 10 = 32. 2 Link to comment Share on other sites More sharing options...
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