peejay67 Posted February 20, 2011 Report Share Posted February 20, 2011 In this article it states that $8 billion is equivalent to 9 trillion dinars...that equates to 1,200??? Can someone do the maths and advise where they would get this rate from?? http://www.iraq-businessnews.com/tag/budget/ PJ Link to comment Share on other sites More sharing options...
KramerDinar Posted February 20, 2011 Report Share Posted February 20, 2011 (edited) My guess is it is still based on their current 1170 but with the USD falling, probably where the rate comes from. Edited February 20, 2011 by KramerDinar Link to comment Share on other sites More sharing options...
Tropics Posted February 20, 2011 Report Share Posted February 20, 2011 They are just rounding up from 1170 for simplistic sake. Link to comment Share on other sites More sharing options...
Mongo Posted February 20, 2011 Report Share Posted February 20, 2011 The dinar rate when it Rv's will get it's value mostly from the dollar collapse not from the dinar rising, you might get 3.86 per dinar but you won't be able to buy a stick of gum for 3.86. It will be almost worthless paper.I think the RV will happen when the dollar crashes. and to convert dinars to dollars would be.........well......stupid....... JMHO 3 Link to comment Share on other sites More sharing options...
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