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31-12-2006, 03:41 AM #1031
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31-12-2006, 03:41 AM #1032
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31-12-2006, 03:45 AM #1033
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31-12-2006, 03:53 AM #1034
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31-12-2006, 08:35 AM #1035
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not trying to be rude like SGS was earlier, but that info is useles. the quotes they post have no base. there is no forex market for the dinar, so unless they have the coke formula for figuring the market value for a currency that is currently not internationally trading on its own, then that quote is worthless. but you quote it because someone else did that said it had value, which it doesn't. notably mr knowles. as a judge of what the currency is doing that quote is meaningless because it is based on nothing. if it were a quote on the GBP, USD, or JPY i would take it seriously, but the dinar isn't. and i can probably find you some differnt quotes on yahoo, or another site of your choosing. the dinar hasn't moved above 1325 because that is what it is selling for..no ifs ands or buts. unless you think the dealers have the "real" exchange rate.
if you want to get quotes that make you feel good, then please keep them for you own personal enjoyment, other wise they mean squat. can anyone tell me what the actual "street rate" of the dinar is...i mean the ones that are actually being traded on the street. i hear alot of talk about it from people that have no way of knowing, but convince themselves they do.....and oanda ain't it, just for a hint.
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31-12-2006, 08:45 AM #1036
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its obvious. the principle behind PPP is the if the equal amount of the countries currency as measured against other currency was equal, then it had the equivalent purchasing power. example:
if a big mac in iraq cost 3000 dinar, and it the US it cost $3, then it is cheaper to buy a big mac in Iraq than in the US. it is based on current exchange rates not some hypothetical reason to justify a reval for the dinar. i have no idea why that was posted unless the person just had no idea what they were posting. it is a test to judge real exchange rates vs actual purchasing ability.
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31-12-2006, 08:49 AM #1037
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31-12-2006, 09:02 AM #1038
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i actually made a post about people earlier, that i didn't submit. the fact is that some people around here get a pass for being rude and a smartass. SGS was earlier and she knows exaclty the post i am talking about. people who say what people want to here like knowles, SGS, and others get a pass for a "smackdown" when if i say anything like i just said i get beat up for. when in fact it is true. i will quote the post in a minute, but i am sick of people posting legitimate statements and questions and getting beat over the head for questioning people that endlessly make assumptions about topics they admit they know nothing about. back with a quote. and don't worry, i will get info elsewhere from now on neno. would hate to upset you golden people.
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31-12-2006, 09:17 AM #1039
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Quote:
Originally Posted by ErelisLT View Post
I never mentioned that small denoms should be available now. That's why I said it would be "a give away" that reval is coming. But I was asking how will it work. Because the country will nedd small denoms same day once RV occurs. Will they have them available during RV day?
mr. haj gets his ten grand cheque at the bank and deposits all but 300. "how would you like that 300 in cash youre taking mr. haj? oh, i would like it in smaller bills so i can spend it at the stores. certainly, would 20s and 10s be ok? yes that would be fine, maybe a few 5's?
mr. haj goes to the haji mart for some fuel and a hot dog and some soda, heres your payment. than you mr. haj."
so erelisLT, how does it work in your part of the world?? kinda the same?
excatly, she was looking for an answer, and this was the best you could do. instead of answering the question, you had to be a smartass because you couldn't. i am sorry for offending the "new" braintrust on this forum, all i ever did was try to explain economic things as i saw it, but yall have fun. and for the record, this was a GREAT forum for dinar info untill the IIF crew showed up, thanks neno. until you guys showed up, there was ZERO hostility and NO pretense. BTW, SGS is full of herself just like www.xealthy.com - Welcome alluded to earlier. only about tooting her own horn, spinning things into, "well, my prediction was about the time it started revaluing" get real. that is called grabbing at straws. i knew before you ever came over here you were an attention hog. but by all means keep doing what you are doing, before its over they will probably drink the koolaid.
later
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31-12-2006, 09:25 AM #1040
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there goes that kool aid referance again WTF is so bad about Kool aid (the drink not the referance) i grew up on kool aid ( as did most of you in my age bracket) if you wanna use a disgusting drink as a referance try orange brew ( you guys from the UK and aussie's know what that is )
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