IMHO HERES THE MATH!!!

AS A FOLLOW UP TO THE ARTICLE POSTED BY DENISCANADA AT 2:11 AM
TITLED: SYMPOSIUM ON THE DRAFT LIFTING THE THREE ZEROES FROM THE IRAQI CURRENCY.
SORRY COULD NOT GET THE ARTICLE TO CUT AND PASTE.
HOPEFULLY SOMEONE CAN ASSIST IN THE REPOSTING.
TO GET TO THE MATH.
AS POINTED OUT MANY TIMES THAT THE LARGEST IQD NOTE IS THE 25,000
AND ITS VALUE IS $43. USD
CURRENT DINAR 25K = $43.00
NEW IQD YET TO BE RELEASED 1 NEW DINAR TO 1000 CURRENT DINAR
43.00 DIVIDED BY 25,000. = 0.00172
FOR THE NEW DINAR (YET TO BE ISSUED) 1 DINAR TO EQUAL 1000
THEM 25,000 DIVIDED BY 1000 = 25
FOR 25 OF THE NEW DINAR TO HAVE THE SAME PURCHASING POWER THEN
EACH NEW DINAR MUST BE WORTH $1.72 USD
$43.00 DIVIDED BY 25 = $1.72
SIMPLE MATH AND THEY HAVE NOW GIVEN US THE RATE IN MY HUMBLE OPINION!!!!
ADDITIONALLY AS IN THE PREVIOUS ARTICLES THAT I COMMENTED ON THEY HAVE GIVEN US A GUIDELINE AS TO THE ORDER OF EVENTS AS TO THE PROCESS (AGAIN SORRY FOR NOT BEING ABLE TO CUT AND PASTE!!)
THEY HAVE TOLD US THAT THE CURRENCIES WILL TRADE SIMULTANEOUSLY WITHIN THE MARKET FOR APPROX. 2 YEARS CONCLUDING BY 2014.
WITH THE END OF PHASE 1 AS THEY CALLED IT AND PHASE TWO COMPLETED BY END OF 2013.
IN MY HUMBLE OPINION TO FULFILL BOTH PARTS OF THEIR OUTLINE WITHIN IN THEIR OWN TIMELINE.
THEY ARE SUGGESTING THAT THEY WILL RV THEIR CURRENCY AT A RATE OF $1.72 USD WHILE REDENOMINATING WITH THE ISSUING OF NEW CURRENCY SIMULTANEOUSLY -- NOW --
ONLY BASED ON THE FACTS AS THEY THEMSELVES THE CBI, SHABBIBI AND SALEH HAVE TOLD US.
ONLY ISSUE BEING IS WHAT DO THEY CONSIDER APPROXIMATLEY 2 YEARS.
THANK YOU BONDLADY FOR THIS VENUE TO EXPRESS MY OPINIONS AND TO KEEP US INFORMED!!! DENISCANADA THANK YOU FOR BRINGING IN THAT GREAT ARTICLE.
FROM DANIEL BIERMAN SR. OF "THE MAN" CONSULTING KNOWN HERE AS bibbier GO RV

everything you posted is wrong 25,000 current value is $22.

The article stated 50,000 dinar would be equal to the 50 dinar of $43. The change rate is .86 as it currently stands.

we have seen many art that we think give us a rate like the one from shabibi that made it look as if a 1-1 rate is possible & I remember on from the IMF Feb 2011 that said they could a $2.22 rate in a economic report they did we have also see maliki say he wants to bring the dinar back to the strongest in their region.
What I have learned from all this is no one person can give a rate that will be right. We can only hope we get the highest rate possible that they can afford & not lower than 1-1. I say nice try but stay grounded until it happens.

PrudenceArt wrote:everything you posted is wrong 25,000 current value is $22.

The article stated 50,000 dinar would be equal to the 50 dinar of $43. The change rate is .86 as it currently stands.

That article came out on Thanksgiving day 2011

But U missed one word .... 50,000 dinars will be equal to the 50 dinar NOTE .. And the 50 dinar NOTE will be worth $43 USD....

Don't make me go get the article Joking of course... But It is in our news archives..

THANK YOU FOR THE INPUT.
ALWAYS APPRECIATE THE HELP IN GETTING THE FACTS RIGHT
SO I GUESS THEN I JUST HAVE TO DIVIDE MY RATE BY 2
MAKING THE RATE 1.72 DIVIDED BY 2 EQUALS. 86 CENTS
SO THE MATH IS RIGHT JUST WRONG STARTING POINT.
THANK YOU ALL ONCE AGAIN.
HOPEFULLY REALITY MIGHT TONE DOWN THE $7.00 GURUS.

bibbier wrote:
HOPEFULLY REALITY MIGHT TONE DOWN THE $7.00 GURUS.

I don't think many of them will tone down until after things are done. They seem to feed on the attention they get. It's kinda sad really.

I like the 1.72 rate though LOL

helend wrote:I like the 1.72 rate though LOL

I'd be happy with $0.25 $1.72 would be off the charts to me.

Really, that is so true... after all this time, anything is gravy.