Part 2 of 2
[Domino] millionday I have one - Your example works for a 1 to 1 in country. How does that translate to our speculated $3.40+/- in exchange for USD?
[jPlants] Domino 3.40 should be close to a real value with a percentage added for inflation to reflect their true worth the old rate was 3.22
[Domino] jPlants Thanks
[jPlants] the 3 .40 would apply to an exchange rate
[millionday] see let me say this -- the value of a price in a country goes along with a calculation that is set up by three groups of pay -- they are referred to as classes -- low-working/middle/high -- it also is reflective in items bought -- which effects the wealth of a country -- meaning
[millionday] necessary items -- all the way to luxury items – and the country`s ability to but them by comparison to the value in their manufacturing and supply and demand ---(a market economy)
Read More Link On Right
[millionday] the reason that it is confusing is not that anyone is not intelligent -- it is the confusion of micro-economics and macro-economics --
slh5282] Millionday, IT is the Canesian Theory
[millionday] it has been very confusing from the time the form was created -- in other words -- it has never been easily explained but
[boomshakalaka] so...we are all hoping for the conversion to look like this? 25,000 (dinar note) x 3.40 (per dinar) = 85,000 dollars?
[slh5282] boomshakalaka, right on
[millionday] it means --- the face value has to be respected and that this is not going to ruin Iraq -- it is going to return the country to their wealth and also add democratic decision making --- along with added freedoms they have never known
[boomshakalaka] so is that a yes to my question MD?
[millionday] looking so hard we have all gone cross eyed !! lol yes brb with more
[boomshakalaka] is that a "yes boomshakalaka that is a correct formula"?*
[millionday] boomshakalaka good try my friend -- smile
[millionday] Kurdistan Regional Government (KRG) announced that the meeting held Sunday between Kurdistan PM, Nechirvan Barzani and Iraqi PM, Nuri al-Maliki decided that the Iraqi government delegation would make a draft and sent it to Erbil in the coming days to study and prepare it in another meeting.
“KRG delegation headed by, Nechirvan Barzani hold (Sunday evening), a meeting with Iraqi Prime Minister, Nuri al-Maliki,” a statement by KRG said.
The statement noted that the meeting dealt with the latest political and security developments on the Iraqi arena and the outstanding problems between Erbil and Baghdad, as well as the recent developments in the region in general and its repercussions on Iraq and neighboring countries.
[millionday] Barzani and Maliki renewed their willingness to address all the problems through dialogue and understanding.
The two sides held a second meeting to discuss the disputed points between the two parties, as the meeting shed light on the details of the outstanding problems and the mechanism to take steps for convergence.
The statement noted that it has been decided that a delegation of the Iraqi government in the light of the results of this meeting, would make a draft and sent it to Erbil in the coming days for the purpose of study and to prepare for another meeting.
It is worth mentioning that a high-level delegation from Kurdistan Region, headed by, Nechirvan Barzani had arrived in Baghdad on Sunday afternoon and held a meeting with the delegation of the Federal Government headed by Deputy Prime Minister for Energy, Hussain al-Shahristani.
[millionday] The statement said the two sides put forward their comments and views on the proposals for addressing the problems explicitly,www.Ekurd.net noting that the two sides expressed their desire to reach an appropriate outcome in the interest of all Iraqis, taking into consideration the specificity of Kurdistan Region.
It should be noted that the delegation of KRG headed to Baghdad, which included both the Iraqi Deputy Prime Minister, Roj Nuri Shaways, the Minister of Natural Resources, Ashti Hawrami and a number of economic chiefs in the region, while the federal government delegation included the Minister of Oil, Minister of Finance and a number of other officials in the Iraqi government.
[carlhampton] after 5 years i would be over the moon with an exchange rate of $1.00. w
[awesomedtl] So another to meeting to have another meeting million!? More delays by marlarky!?
[millionday] very nice
[boomshakalaka] so, carlhapton are you thinking that if you had a 25K note, that you bought for around 25.00 would be worth 25,000? Im just trying to understand the expectation more clearly
[millionday] no -- this is about the meeting they had next when it said that so now they will complete in 2 days very nice --
[MsDiva] I also thought if the rate came out at $3.40 that you multiply your 25dinar and its gives you $85,000
[boomshakalaka] am I here?
[millionday] remember they have that committee holding things together legally until after the reforms etc so they dont have to take the time with the hcl
[MsDiva] thats 25k dinar
carlhampton] boomshakalaka: if I was to receive $1.00 for every dinar I would be VERY HAPPY
[millionday] boomshakalaka he is saying that if the rate came out to be 1$ ----------he would be happy
[pinklady] Millionday very very nice....all good. Thank you so much.
[boomshakalaka] ok, but what say you?
[awesomedtl] Carl I'll give u a dollar for each note u hold!
[millionday] MsDiva i have never seen a 25 dinar but if you have one -- yes that would be the value
[MsDiva] millionday i meant 25,000 dinar oops
[millionday] i say i would run to the phone and get to my appointment to cash in brb with more
boomshakalaka] so is it me, or was that a big "no-answer"? Why is this so difficult to answer? Is it because we are all guessing? That's ok! Just let me know how you are guessing.
[awesomedtl] Boom I think it's a yes!! My understanding and comfort level is even if they change their currency .... We will still take our ....$25k X 3.43 rate= Phat cash!! Even if there currency dropped the zeros
[angus] boomshakalaka we don't know what the rate will be. But if it would come out a lets say a $1.oo then yes it would be worth $25,000. That is how I understand it.
[millionday] angus you are right
awesomedtl] So anyone ...... I missed some of rt...... Is there now a new committee forming In the next few days to go over all this budget stuff!? With marlarky and barzani !?
[millionday] awesomedtl was referring to the committee on the oil and hydrocarbon but yes they (meaning krd gov) going to go over the written paper that was done during the meeting '
awesomedtl] Tyvm md!! As everything is coming together it totally looks that they have to do this very very soon!! With elections an everything else!!! Jsn
[millionday] boomshakalaka what was the question hun ?
[rudie] boomshakalaka] so, carlhapton are you thinking that if you had a 25K note, that you bought for around 25.00 would be worth 25,000? Im just trying to understand the expectation more clearly
[millionday] awesomedtl yw all the time hun -- it is very encouraging right now smile