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

Originally Posted by MunnyBaggs

Here is the value of IQD as of tonight:

{1 IQD = .000680 USD}

25,000 IQD = $17 USD
10,000 IQD = $6.80 USD
5,000 IQD = $3.40 USD
1,000 IQD = 68 cents USD
500 IQD = 34 cents USD
250 IQD = 17 cents USD
100(coin) IQD = 7 cents USD
50 IQD = 3 ½ cents USD
25(coin) IQD = 2 cents USD

Here’s what it would look like with a $3 re-val:

{1 IQD = .000680 USD}

25,000 IQD = $75,000 USD
10,000 IQD = $30,000 USD
5,000 IQD = $15,000 USD
1,000 IQD = $3,000 USD
500 IQD = $1,500 USD
250 IQD = $750 USD
100(coin) IQD = $300 USD
50 IQD = $150 USD
25(coin) IQD = $75 USD

They'd have to reprint the entire denominational structure and zero lop to make a $3 re-val work.

Or they could just introduce the 10 (30 dollars), 5 (15 dollars), 1 (3 dollars), 1/2 (1.50 dollars), 1/4 (.75 dollars), and Fil coins...

Originally Posted by MunnyBaggs

I'm talking live direct FOREX exchange rates, my friend. It'll become more clear once I post the remainder of the TABLES. If at that stage you still disagree, fine. We'll just wait and see how it turns out.

Wrong, look at the info you posted. Are you trying to tell me the one's reading .27 aren't on the 100 system? Since you have done extensive research why don't you post all of their SDR rates? I'll bet you they are all close in number. Where's the paddle icon when you need it! lol

Originally Posted by clueless

Hey neno good buddy, ole pal,

I think this statement about the deposit in the Federal Reserve was about funds that belonged to Iraq though, not to the USA. I think it was related to to early actions taken with the development fund, whatever the correct initials are for that.

I do not think this was about dinar "owned" by the government of the USA, not to say that they do not own some but I don't think this is it.

I'm sure there are restrictions on withdrawals from OURFederal Reserve. The Federal Reserve is set up for U.S. monetary control, not as a piggy bank so-to-speak for the rest of the world. What was said on an earlier post makes no sense about Iraq being allowed to draw dinar out at a higher rate. I don't believe there is any validity to that statement.

Originally Posted by lndmn_01

Or they could just introduce the 10 (30 dollars), 5 (15 dollars), 1 (3 dollars), 1/2 (1.50 dollars), 1/4 (.75 dollars), and Fil coins...

I bet they introduce the 1,5,10 etc.

Originally Posted by cigarman

Wrong, look at the info you posted. Are you trying to tell me the one's reading .27 aren't on the 100 system? Since you have done extensive research why don't you post all of their SDR rates? I'll bet you they are all close in number. Where's the paddle icon when you need it! lol

Best way for you to prove it to me is go open a FOREX trading account. If you get $2.70 exchange rate for S.A., UAE, or Qatar get back to me.

Originally Posted by lndmn_01

Or they could just introduce the 10 (30 dollars), 5 (15 dollars), 1 (3 dollars), 1/2 (1.50 dollars), 1/4 (.75 dollars), and Fil coins...

They eventually will introduce lower denominations as needed. But why bother burning Trillions of the top 6 denominations when they already have a value increase already built into the structure? Completely illogical.

Originally Posted by boomcreek

I'm sure there are restrictions on withdrawals from OURFederal Reserve. The Federal Reserve is set up for U.S. monetary control, not as a piggy bank so-to-speak for the rest of the world. What was said on an earlier post makes no sense about Iraq being allowed to draw dinar out at a higher rate. I don't believe there is any validity to that statement.

I've read it with my own 2 eyes off the fed reserve website, you can believe it or do your own research.

Originally Posted by MunnyBaggs

That interpretation has been put forth before. But at $3.22 Iraq would be worth more USD than every single country on earth back in 2004 (and even today). Makes no sense. Plus if you look at denominational structures and various wealth indicators Iraq slots much more closely with their OPEC members Saudi Arabia, UAE, and Qatar than they do with Jordan, Oman, or Kuwait. The denominational structures from TABLE B are as follows:

Kuwait 1KD = 3.4 USD (1 KD = 1,000 Fils) 12 Denominations:
Notes: KD 20, 10, 5, 1 Fils 500, 250
Coins: Fils 100, 50, 20, 10, 5, 1

Bahrain 1BD = 2.7 USD (1 BD = 1,000 Fils) 9 Denominations:
Notes: BD 20, 10, 5, 1 Fils 500
Coins: Fils 100, 50, 25, 10

Oman 1 ORial = 2.6 USD (1 OMR = 1,000 Baiza) 13 Denominations:
Notes: OMR 50, 20, 10, 5, 1 Bai 500, 250, 200, 100
Coins: Bai 50, 25, 10, 5

Now let's look at the Iraqi current IQD denominations:

Iraq 1 IQD = .0007 USD 9 Denominations:
Notes: IQD 25,000, 10,000, 5,000, 1,000, 500, 250, 50
Coins: IQD 100, 25

Now let's look at the Munny Model target Middle East countries value denominations:

Saudi Arabia 1 SAR = .27 USD (1 SAR =100 Halala) 15 Denominations:
Notes: SAR 500, 200, 100, 50, 20, 10, 5, 1
Coins: Halala 50, 25, 10 Qurush 10, 5, 2, 1 (5 Halala = 20 Qurush)

Qatar 1 QR = .27 USD (1 QR =100 Dirams) 11 Denominations 8 of which are in real circulation:
Notes: QAR 500,100,50, 10, 5, 1
Coins: Dirams 50, 25….. {10, 5, 1 rare}

UAE 1 Dirham = .27 USD (1 AED = 100 Fils) 13 Denominations 11 of which are in real circulation:
Notes: 1000, 500, 200, 100, 50, 20, 10, 5
Coins: AED 1 Fils 50, 25…. {10, 5 rare}

So if Iraq were to "value out" the top 25K, 10K, 5K, and 1K notes and add say a 10, 5, and 1 IQD denominations, which denominal structure would they more closely resemble??? What were Tant, the CBI, the MOF, the IMF, and Shabibi thinking when they sent up the new IQD??? Did they randomly pick the denominational values?? Nope. No way. They purposely picked the current denominations and values for a specific reason. There is a built in value increase allowed by the manner in which they set it up. The 25K and 10K are clearly slated to be bank exchange notes only in the future.

Or another way to look at it visually is lets say they "value out the top IQD denominations (in red):

25,000 IQD
10,000 IQD
5,000 IQD
1,000 IQD
500 IQD
250 IQD
100(coin) IQD
50 IQD
25(coin)

And then as they go along add lower Dinar and Fils. Clearly it matches up closer to OPEC members S.A., UAE, and Qatar than Jordan, Oman, Kuwait, or Bahrain. This is not a coincidence.

Originally Posted by MunnyBaggs

Best way for you to prove it to me is go open a FOREX trading account. If you get $2.70 exchange rate for S.A., UAE, or Qatar get back to me.

Let me explain this REAL SLOW, the reason that Saudi and the other 2 are at .27 is because their at the 100 fil/riyal system. They choose to be at this lower level. Their SDR rate is close to Kuawit's who is at the 1000 fil system because they choose that system. I bet ounce they all join together in the GCC they one's at the 100 system will change over to the 1000 system. I bet the GCC rate will be $2.50 plus. So, yes your right in the forex exchange rate for now doesn't mean the real value is something else, to give you an example I'll say to look at Iraq. I suppose you believe the Iraq rate is real huh? Oh, by the way, I wish I had put you on ignore like Suzie.

Sure would be nice if someone could/would be able to register on this site....

IMF International Financial Statistics (IFS)



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