Thread: Iraq/Dinar News. 09/05 to 01/14/07

One thing I don't understand (well, one thing among many ) is the talk about "buying up their country for pennies".
I WANT this reval, and I DO hope you are all right, but why "buy up the country"?
If, say, a factory is worth 1 million dollars then the equivalent of that would be 1472 million dinars, right? So then the presumptive buyer would have to pay that many dinars, making it cost one million dollars anyway - I mean, he would have to pay the equivalent of one million USD regardless of the exchange rate, wouldn't he?

Can't explain well what I mean... I hope you understand my ramblings...

Originally Posted by Par77

Ummm....those would be which cases?? Reference numbers would be appreciated

Alright I will only mention this, there were some good discussions concerning JORDAN!

Originally Posted by karinc

One thing I don't understand (well, one thing among many ) is the talk about "buying up their country for pennies".
I WANT this reval, and I DO hope you are all right, but why "buy up the country"?
If, say, a factory is worth 1 million dollars then the equivalent of that would be 1472 million dinars, right? So then the presumptive buyer would have to pay that many dinars, making it cost one million dollars anyway - I mean, he would have to pay the equivalent of one million USD regardless of the exchange rate, wouldn't he?

Can't explain well what I mean... I hope you understand my ramblings...

if they open investment to foreigners at the rate it is now, pennies on the dollar .00067, then that million dollar factory will be massively cheap. 1,000,000 X.00067 cents.

Originally Posted by Bigslick116

Alright I will only mention this, there were some good discussions concerning JORDAN!

(doin 'par with jordans rate' shuffle....)

...............

Originally Posted by shotgunsusie

if they open investment to foreigners at the rate it is now, pennies on the dollar .00067, then that million dollar factory will be massively cheap. 1,000,000 X.00067 cents.

But this is what I don't understand - what would hinder the Iraqis to simply set a higher price? So the factory costs the buyer one million DOLLARS, i.e. set the price to 1472 million dinars?

Since when did the bananas start to get thier groove on!! Maybe they know something we don't! lol

Originally Posted by karinc

But this is what I don't understand - what would hinder the Iraqis to simply set a higher price? So the factory costs the buyer one million DOLLARS, i.e. set the price to 1472 million dinars?

If they did that for everything, then they'd need bills alot bigger than 25k notes or trillions and trillions more

my .02

Crap i jinxed it!

This is close to what we are looking at here. Iraqi Dinar should be at least equal to the JOD..We bees in the ball park


Sunday, October 8, 2006

1 Jordanian Dinar = 1.42159 US Dollar

1 US Dollar (USD) = 0.70344 Jordanian Dinar (JOD)

Interbank rate +/- 0%

This means:
You buy 1 Jordanian Dinar : 1.42159 US Dollar
You sell 1 Jordanian Dinar : 1.40168 US Dollar
You buy 1 US Dollar : 0.70344 Jordanian Dinar
You sell 1 US Dollar : 0.71343 Jordanian Dinar

Median price = 1.40168 / 1.42159 (bid/ask)
Minimum price = 1.40154 / 1.41443
Maximum price = 1.40825 / 1.42187