Post From Dinar Updates Chat Room 12-1-15
Dinar Updates Tuesday Chat 12-1-15 Part 1 of 2
wmawhite says IMF has stated that Iraq needs to have the "free flow of currencies" and that they (IMF) expects Iraq to re-enter the economy market prior to the first half of 2016.
Now, think this through. How well will Iraq do if they are required to have the "free flow of currencies" if business/investors are not able to exchange currencies freely. Instead, that will only have windows that open and close? Think people......think!!! You folks already have the necessary information.
Nadita says wmawhite.. the currency has to be tradeable internationally in order for it to have free flow for trading/investors.
Nadita says when IMF stated first half of 2016... do they mean a "real" half of the year (jan-June) or 1st quarter
~~~
Dinar Updates Tuesday Chat 12-1-15 Part 1 of 2
wmawhite says IMF has stated that Iraq needs to have the "free flow of currencies" and that they (IMF) expects Iraq to re-enter the economy market prior to the first half of 2016.
Now, think this through. How well will Iraq do if they are required to have the "free flow of currencies" if business/investors are not able to exchange currencies freely. Instead, that will only have windows that open and close? Think people......think!!! You folks already have the necessary information.
Nadita says wmawhite.. the currency has to be tradeable internationally in order for it to have free flow for trading/investors.
Nadita says when IMF stated first half of 2016... do they mean a "real" half of the year (jan-June) or 1st quarter
~~~
Nadita says( My guess in this one is 6 months which is Jan - Jun... so Iraq in a way is given Dec - June 2016 to go international with its currency to play in the global market.
tman23 says to wmawhite We will need to see the new lower denoms ASAP......They just can't spring them into circulation without educating the citizens... Otherwise with no LD's the 3 zeros will have to be removed from the currency when accounting the exchange.......
wmawhite says to Nadita you are correct..........and when the status of the IQD changes.....when Iraq (meaning) it's currency is back on the world economic stage it must be free flowing.............there are none of these opening and closing of windows........there are none of these "sucker" rates. Zero.
Baxter1243 says WMA... does Iraq have to be in Article 8 before they can have an internationally currency..
quicktolegit96 says DID YALL GET RK UPDATE?
Baxter1243 says quick..no... spill it
wmawhite says to Baxter1243: Article 8 is the "Good Housekeeping Seal of Approval" to the world financial institutions.
Nadita says: wmawhite.. sucker no sucker rate.. I want a rate lol
quicktolegit96 says: BAX ARE U SERIOUS?
Baxter1243 says: wma... so is that a yes or no?
quicktolegit96 says: WHO WANTS RK UPDATE? LOL
Baxter1243 says: Yes.. Im serious..
Nadita says: baxter.. cricket22 posted the whole email.. look at the chat copy
Baxter1243 says: Ok... thx Nadita.. bout what time was it
wmawhite says to Baxter1243: There are some Iraqi economists that believe the value of the IQD will need to change in value prior to moving to Article 8. We shall see.
quicktolegit96 says: BAX, IRAQ SHOULD HAVE A RATE BEFORE ART 8 I BELIEVE
Nadita says: baxter.. look at 10:55 am
Baxter1243 says: quick.. yes I know.. but to go International.. do they have to be in Article 8
Baxter1243 says: thx Nadita
Nadita says: wmawhite.. I believe the closing and opening window is not for the currency free flow but for the window of rv.. that seems Iraq's window to play without pushing the button is getting narrower :)
Nadita says: quick.. I agree with you
quicktolegit96 says: IRAQ MAY COME OUT WITH A RATE BEFORE CHRISTMAS AND THEN RV IN THE 3'S 4-6 MONTHS LATER....FOR SURE
quicktolegit96 says: BAXTER I DONT THINK SO
quicktolegit96 says(): THE RATE NEEDS TO CHANGE PRIOR TO BRING IN INVESTORS
missb says to wmawhite(): been waiting for art 8 , 4 long time thanks
wmawhite says(): Folks,.....if you are an Iraqi store owners and you have goods on the shelfs that costs you thousands of dollars and today the value changed dramatically upward, would you go change the pricing on those goods?....NO!!!! Instead, once you receive the new goods that costs you less...then you change the pricing..............and that is when the LDs will start to appear.
Nadita says(): quick.. I am with you
quicktolegit96 says(): BAXTER IRAQ WILL COME OUT AT A 1 TO 1 PERHAPS TO DRAW IN NOTES FROM PPL THAT DONT HAVE MANY NOTES, THAT WILL BRING THE RATE UP, GETTING THOSE NOTES FROM INTERNATIONAL "INVESTORS"......
Nadita says(): wmawhite... so what do you think about Iraq saying they want to par with USD 1"1
tman23 says to wmawhite(): Iraq RV's........1-1 .......Yahooo !! A IQD 25,000 note is worth 25,000 usd !!! I am a foreign investor opening business in Iraq......I need to make payroll..... I owe Ali $80 for his days labor...... I transfer funds of usd to exchange into IQD...... I owe Ali $80..... I must pay him in IQD....... The smallest note is 1000 IQD and NOW cost me $1000 usd to get one.......... I owe Ali $80..... What am I to do ????? And I will wait patiently for the answer.........
quicktolegit96 says(): TMAN SUP BROTHA
wmawhite says to tman23(): No it is not worth $25,000....it is worth 25,000 IQD in Iraq.
Nadita says(): tman23.... in that case, the higher notes for banking/business use will come out as the LD too...
Nadita says(): otherwise.. it will create havoc in giving exchange
tman23 says to wmawhite(): That is great........But I must purchase currency to pay my workers...... So what will the CBI sell me the currency for ????
Nadita says(): tman23.. you will get less dinar when you exchange dollar to dinar because of the bank spread
Nadita says(): dinar will be like other currencies once it's international.. there will be a spread in buying and selling
Nadita says(): Iraqi will want to be paid in dinar so they don't lose in the spread
wmawhite says to tman23(): The value of a country's currency is only relevent outside of its country. Just like inside the USA $1 is worh $1 inside the USA it is not worth 0.27 KWD.
wmawhite says to tman23(): Or 1166 IQD.
wmawhite says to tman23(): Inside the USA it is $1.00
Nadita says(): wmawhite.. at this time
tman23 says to wmawhite(): Please think about what I am saying.......Because I am telling you flat out.......You are wrong......They cannot have a RV and do business without LD's being circulated......And if they do RV without the lower denoms.......Then the existing 3 zero notes will not include the zeros on the notes when accounting in exchanging currency
It would stand to reason - in such an event... they will have to make the LD's available in an "emergency" fashion...
NWBeauty says(): Um...I have smaller bills than $1000
jeffusa says to DiagyAAAE(): tastes wooly
BGG says(): (the LD's they have on hand - and have had for quite some time)
DiagyAAAE says(): lol
NWBeauty says(): I have $250 and $500 bills Does anyone else??
Baxter1243 says(): Here we go again on the Dinar value in Iraq and its value in the U S...
BGG says to NWBeauty(): I think I have down to the 100's??
BGG says to NWBeauty(): and...
Nadita says(): Baxter LOL
trout1 says(): well if they have them they must intend on using them
BGG says to NWBeauty(): they have had LD's printed and ready to use for quite some time...
NWBeauty says(): someone said $1000 lowest bill
Nadita says(): BGG.. I am with you.. I thought there are some lower denoms right now in Iraq but scarce the larger bills
BGG says to NWBeauty(): LD's won't be a hold-up...
wmawhite says to tman23(): Let say this as nice as I can............."I am not wrong."
quicktolegit96 says(): WHITE LOL
BGG says to NWBeauty(): the only reason we see no LD's - is because they are of little use (currently)... when they are - we will see them.
NWBeauty says(): well I have them in my safe ;)
Cricket22 says to tman23(): I am sorry, all I wanted to do was share RK's email. ({)
BGG says(): Ask yourself this - why would they print them and have them on hand, if they didn't intend to use them (eventually)??
NWBeauty says(): it was a GREAT email TY4 Sharing
Nadita says(): cricket22.. it's not your fault.. don't feel sorry :) it has been the debate
wmawhite says(): Folks,.....again.....think this through........why do we have the size of currency we have here in the USA,..........or in France or in Japan.........it is NOT because of the international exchange rate.............why is it? Instead, it is because of the costs of goods in any particular country.
Nadita says(): BGG.. agree... it costs money to print money
NWBeauty says(): some days I wonder if the LDs I have are the only ones I'll ever get to exchange 8-|
dennis2 says to Cricket22(): It was an interesting read for sure. Thanks for posting it.
wmawhite says(): The numbers on the currency is for the purchasing of goods by the citizens.
Cricket22 says to dennis2(): You're welcome
Cricket22 says to Nadita(): Thanks :)
faith1 says to NWBeauty(): i'm sure many have the smaller notes,, they use to be available for purchase...IM Experience..... I agree BGG when lower notes are put out to the people the price change will have too have happened...IMO once they're in use they should have entered full acession into WTO and make IQD available in trade international.... then we go.... to the bank ! The monies (lower denoms) is ready..printing done
Nadita says(): cricket22 I enjoy reading different opinion about dinar :) so it was nice.. I don't get his emails
Annieo says(): Crickett22 thank you! im believing, hoping and praying!
dennis2 says to Cricket22(): You did "good"! :)
Nadita says(): cricket.. I read news, rumors and everything in between :)
wmawhite says): Folks,......now the costs of goods is affects by the value of a country's currency. But, again, why do we have the type of currency we have...it is not because of the international exchange rate.
wmawhite says(): affected
Nadita says(): Iraq has been groomed for such a time like this for 10 years but there is detour and hopefully they are on the right track now
_firefly_ says(): CBI NEWS - Statement) held an expanded meeting under the chairmanship of His Excellency the Governor of the Central Bank Mr. Ali Mohsen Ismail, in the presence of an economic advisor to Prime Minister Prof. Dr. appearance of Mohammed Saleh, and Dr. Ahmed Rehn Ali Member of the Board of Directors, and Messrs Directors-General of the Bank, a large number of academics and relevant experts in the fields of economy, finance and business, and discuss the study were presented by the conservative, tagged (international reserves and foreign currency sale window at the Central Bank)
11/29/2015
Nadita says(): cricket.. amen
_firefly_ says(): strange the date on it
Nadita says(): firefly 11/29/2015 the meeting had taken place
_firefly_ says(): Correct
_firefly_ says(): I wasn't there on Sunday
Nadita says(): and jabouri cancelled his trip to Sweden to hash out the budget is very telling for me.. they want to have the grand opening soon
_firefly_ says(): I didn't check yesterday
Laura Thompson-Small[2858200182@twitter..] says(): I thought the Governor of the CBI was Alaak?
THE BLOG - Dinar Daily NEWS Blog - http://ift.tt/1gVHrsb
ghost says(): Mr White, looks like I missed a good conversation. I am reading your last few posts, I know that you are well liked and respected and I find your commentaries insightful, but...... Your last explination leave one rather major consideration untouched: The interconnected nature of world commerce.
If a nation imports (the greater the import %, the greater the impact), then the exchange has a DRAMATIC impact on the cost of goods and thereby the most usable denominations of currency, would you not agree?
quicktolegit96 says(): CHECK THIS OUT: EMAIL FROM DINAR CORPS PRESIDENT....
tman23 says to wmawhite We will need to see the new lower denoms ASAP......They just can't spring them into circulation without educating the citizens... Otherwise with no LD's the 3 zeros will have to be removed from the currency when accounting the exchange.......
wmawhite says to Nadita you are correct..........and when the status of the IQD changes.....when Iraq (meaning) it's currency is back on the world economic stage it must be free flowing.............there are none of these opening and closing of windows........there are none of these "sucker" rates. Zero.
Baxter1243 says WMA... does Iraq have to be in Article 8 before they can have an internationally currency..
quicktolegit96 says DID YALL GET RK UPDATE?
Baxter1243 says quick..no... spill it
wmawhite says to Baxter1243: Article 8 is the "Good Housekeeping Seal of Approval" to the world financial institutions.
Nadita says: wmawhite.. sucker no sucker rate.. I want a rate lol
quicktolegit96 says: BAX ARE U SERIOUS?
Baxter1243 says: wma... so is that a yes or no?
quicktolegit96 says: WHO WANTS RK UPDATE? LOL
Baxter1243 says: Yes.. Im serious..
Nadita says: baxter.. cricket22 posted the whole email.. look at the chat copy
Baxter1243 says: Ok... thx Nadita.. bout what time was it
wmawhite says to Baxter1243: There are some Iraqi economists that believe the value of the IQD will need to change in value prior to moving to Article 8. We shall see.
quicktolegit96 says: BAX, IRAQ SHOULD HAVE A RATE BEFORE ART 8 I BELIEVE
Nadita says: baxter.. look at 10:55 am
Baxter1243 says: quick.. yes I know.. but to go International.. do they have to be in Article 8
Baxter1243 says: thx Nadita
Nadita says: wmawhite.. I believe the closing and opening window is not for the currency free flow but for the window of rv.. that seems Iraq's window to play without pushing the button is getting narrower :)
Nadita says: quick.. I agree with you
quicktolegit96 says: IRAQ MAY COME OUT WITH A RATE BEFORE CHRISTMAS AND THEN RV IN THE 3'S 4-6 MONTHS LATER....FOR SURE
quicktolegit96 says: BAXTER I DONT THINK SO
quicktolegit96 says(): THE RATE NEEDS TO CHANGE PRIOR TO BRING IN INVESTORS
missb says to wmawhite(): been waiting for art 8 , 4 long time thanks
wmawhite says(): Folks,.....if you are an Iraqi store owners and you have goods on the shelfs that costs you thousands of dollars and today the value changed dramatically upward, would you go change the pricing on those goods?....NO!!!! Instead, once you receive the new goods that costs you less...then you change the pricing..............and that is when the LDs will start to appear.
Nadita says(): quick.. I am with you
quicktolegit96 says(): BAXTER IRAQ WILL COME OUT AT A 1 TO 1 PERHAPS TO DRAW IN NOTES FROM PPL THAT DONT HAVE MANY NOTES, THAT WILL BRING THE RATE UP, GETTING THOSE NOTES FROM INTERNATIONAL "INVESTORS"......
Nadita says(): wmawhite... so what do you think about Iraq saying they want to par with USD 1"1
tman23 says to wmawhite(): Iraq RV's........1-1 .......Yahooo !! A IQD 25,000 note is worth 25,000 usd !!! I am a foreign investor opening business in Iraq......I need to make payroll..... I owe Ali $80 for his days labor...... I transfer funds of usd to exchange into IQD...... I owe Ali $80..... I must pay him in IQD....... The smallest note is 1000 IQD and NOW cost me $1000 usd to get one.......... I owe Ali $80..... What am I to do ????? And I will wait patiently for the answer.........
quicktolegit96 says(): TMAN SUP BROTHA
wmawhite says to tman23(): No it is not worth $25,000....it is worth 25,000 IQD in Iraq.
Nadita says(): tman23.... in that case, the higher notes for banking/business use will come out as the LD too...
Nadita says(): otherwise.. it will create havoc in giving exchange
tman23 says to wmawhite(): That is great........But I must purchase currency to pay my workers...... So what will the CBI sell me the currency for ????
Nadita says(): tman23.. you will get less dinar when you exchange dollar to dinar because of the bank spread
Nadita says(): dinar will be like other currencies once it's international.. there will be a spread in buying and selling
Nadita says(): Iraqi will want to be paid in dinar so they don't lose in the spread
wmawhite says to tman23(): The value of a country's currency is only relevent outside of its country. Just like inside the USA $1 is worh $1 inside the USA it is not worth 0.27 KWD.
wmawhite says to tman23(): Or 1166 IQD.
wmawhite says to tman23(): Inside the USA it is $1.00
Nadita says(): wmawhite.. at this time
tman23 says to wmawhite(): Please think about what I am saying.......Because I am telling you flat out.......You are wrong......They cannot have a RV and do business without LD's being circulated......And if they do RV without the lower denoms.......Then the existing 3 zero notes will not include the zeros on the notes when accounting in exchanging currency
It would stand to reason - in such an event... they will have to make the LD's available in an "emergency" fashion...
NWBeauty says(): Um...I have smaller bills than $1000
jeffusa says to DiagyAAAE(): tastes wooly
BGG says(): (the LD's they have on hand - and have had for quite some time)
DiagyAAAE says(): lol
NWBeauty says(): I have $250 and $500 bills Does anyone else??
Baxter1243 says(): Here we go again on the Dinar value in Iraq and its value in the U S...
BGG says to NWBeauty(): I think I have down to the 100's??
BGG says to NWBeauty(): and...
Nadita says(): Baxter LOL
trout1 says(): well if they have them they must intend on using them
BGG says to NWBeauty(): they have had LD's printed and ready to use for quite some time...
NWBeauty says(): someone said $1000 lowest bill
Nadita says(): BGG.. I am with you.. I thought there are some lower denoms right now in Iraq but scarce the larger bills
BGG says to NWBeauty(): LD's won't be a hold-up...
wmawhite says to tman23(): Let say this as nice as I can............."I am not wrong."
quicktolegit96 says(): WHITE LOL
BGG says to NWBeauty(): the only reason we see no LD's - is because they are of little use (currently)... when they are - we will see them.
NWBeauty says(): well I have them in my safe ;)
Cricket22 says to tman23(): I am sorry, all I wanted to do was share RK's email. ({)
BGG says(): Ask yourself this - why would they print them and have them on hand, if they didn't intend to use them (eventually)??
NWBeauty says(): it was a GREAT email TY4 Sharing
Nadita says(): cricket22.. it's not your fault.. don't feel sorry :) it has been the debate
wmawhite says(): Folks,.....again.....think this through........why do we have the size of currency we have here in the USA,..........or in France or in Japan.........it is NOT because of the international exchange rate.............why is it? Instead, it is because of the costs of goods in any particular country.
Nadita says(): BGG.. agree... it costs money to print money
NWBeauty says(): some days I wonder if the LDs I have are the only ones I'll ever get to exchange 8-|
dennis2 says to Cricket22(): It was an interesting read for sure. Thanks for posting it.
wmawhite says(): The numbers on the currency is for the purchasing of goods by the citizens.
Cricket22 says to dennis2(): You're welcome
Cricket22 says to Nadita(): Thanks :)
faith1 says to NWBeauty(): i'm sure many have the smaller notes,, they use to be available for purchase...IM Experience..... I agree BGG when lower notes are put out to the people the price change will have too have happened...IMO once they're in use they should have entered full acession into WTO and make IQD available in trade international.... then we go.... to the bank ! The monies (lower denoms) is ready..printing done
Nadita says(): cricket22 I enjoy reading different opinion about dinar :) so it was nice.. I don't get his emails
Annieo says(): Crickett22 thank you! im believing, hoping and praying!
dennis2 says to Cricket22(): You did "good"! :)
Nadita says(): cricket.. I read news, rumors and everything in between :)
wmawhite says): Folks,......now the costs of goods is affects by the value of a country's currency. But, again, why do we have the type of currency we have...it is not because of the international exchange rate.
wmawhite says(): affected
Nadita says(): Iraq has been groomed for such a time like this for 10 years but there is detour and hopefully they are on the right track now
_firefly_ says(): CBI NEWS - Statement) held an expanded meeting under the chairmanship of His Excellency the Governor of the Central Bank Mr. Ali Mohsen Ismail, in the presence of an economic advisor to Prime Minister Prof. Dr. appearance of Mohammed Saleh, and Dr. Ahmed Rehn Ali Member of the Board of Directors, and Messrs Directors-General of the Bank, a large number of academics and relevant experts in the fields of economy, finance and business, and discuss the study were presented by the conservative, tagged (international reserves and foreign currency sale window at the Central Bank)
11/29/2015
Nadita says(): cricket.. amen
_firefly_ says(): strange the date on it
Nadita says(): firefly 11/29/2015 the meeting had taken place
_firefly_ says(): Correct
_firefly_ says(): I wasn't there on Sunday
Nadita says(): and jabouri cancelled his trip to Sweden to hash out the budget is very telling for me.. they want to have the grand opening soon
_firefly_ says(): I didn't check yesterday
Laura Thompson-Small[2858200182@twitter..] says(): I thought the Governor of the CBI was Alaak?
THE BLOG - Dinar Daily NEWS Blog - http://ift.tt/1gVHrsb
ghost says(): Mr White, looks like I missed a good conversation. I am reading your last few posts, I know that you are well liked and respected and I find your commentaries insightful, but...... Your last explination leave one rather major consideration untouched: The interconnected nature of world commerce.
If a nation imports (the greater the import %, the greater the impact), then the exchange has a DRAMATIC impact on the cost of goods and thereby the most usable denominations of currency, would you not agree?
quicktolegit96 says(): CHECK THIS OUT: EMAIL FROM DINAR CORPS PRESIDENT....
quicktolegit96 says(): Dear Valued Customers,
Dinar Corp is what it is because of You, our customer. Every decision we make at Dinar Corp is with our customer in mind. And I am constantly thinking of ways to improve our service, and to better your experience at Dinar Corp.
Over the past few years, we have experienced our ups and downs, our setbacks and advances. And through it all, we have been guided by your feedback and concerns. As a result, Dinar Corp has become a better company for it. Thank you for that.
In the past few months, many of you have reached out to us with concerns about a lawsuit. For a long time before we filed the lawsuit, we remained silent. I had personally hoped that the issue at hand would subside. After we filed the lawsuit I had also hoped that this would not impact our customers. But my hopes were dashed and now, with great reluctance, I must inform you that the lawsuit is real and active.
quicktolegit96 says(): I do not believe in bad mouthing anyone. I do not believe in kicking someone while they're down. I believe in honor, truth and determination. So at this time, I will not speak in detail regarding the lawsuit Dinar Corp has filed Against its competitor.
What I will say is this. I hope to resolve this lawsuit amicably if we are given that opportunity. And that this lawsuit will in no way impact our services to You.
This lawsuit will in no way affect our commitment to You. And that you have my Promise that we will continue to be here to support you today, tomorrow and years to come in this currency market. Dinar Corp is stronger than ever. And we have You to thank for that. God Bless.
ghost says(): apologies -- I ommited the word RATE -- ie. exchange rate...
Nadita says(): quick... sounds like they are going to be back in business... ??
Nadita says(): ghost.. if I read your comment correctly..
dennis2 says to quicktolegit96(): Isa there a date on that Quick?
quicktolegit96 says(): nadita i think that was an old email, brb
Nadita says(12:14 PM): if Iraq were to import say tv from the US.. the cost of tv will be 100 dollars and the tax and tariff is 300% plus profit so the tv will be selling for 600 dollars = 700,000 dinar...
Nadita says(): at the rate of 1166. When the revalue happens.. and the exchange rate is 3 dollars per dinar so the cost of tv will be 200 dinar
DiagyAAAE says(): nad i need to watch my shows! its worth the cost
Nadita says(): I might be confused
_firefly_ says(): Bloomberg TV - IMF opens doors to adding NEW CURRENCIES
ghost says(): Hi Nadita, I cant say that I am following your math exactly; however, I will say that if a country imports most of it's goods (I have read that Iraq imports 90%)then the international exchange rate will dramatically impact the price on the street of 90% the goods sold / manufactured.
wmawhite says to ghost(): Good points...............the need for a particular type/size of currency is directly related to the costs of goods in a country. The value of the country's currency directly affects the costs of goods in that country. So the size of the currency is indirectly related to the value of the currency..............
_firefly_ says to wmawhite(): Simple economics 101 my friend
_firefly_ says to wmawhite(): I mean REAL simple
wmawhite says to _firefly_(): true
Comments may be made at the end of Part 2 Thank You
Dinar Corp is what it is because of You, our customer. Every decision we make at Dinar Corp is with our customer in mind. And I am constantly thinking of ways to improve our service, and to better your experience at Dinar Corp.
Over the past few years, we have experienced our ups and downs, our setbacks and advances. And through it all, we have been guided by your feedback and concerns. As a result, Dinar Corp has become a better company for it. Thank you for that.
In the past few months, many of you have reached out to us with concerns about a lawsuit. For a long time before we filed the lawsuit, we remained silent. I had personally hoped that the issue at hand would subside. After we filed the lawsuit I had also hoped that this would not impact our customers. But my hopes were dashed and now, with great reluctance, I must inform you that the lawsuit is real and active.
quicktolegit96 says(): I do not believe in bad mouthing anyone. I do not believe in kicking someone while they're down. I believe in honor, truth and determination. So at this time, I will not speak in detail regarding the lawsuit Dinar Corp has filed Against its competitor.
What I will say is this. I hope to resolve this lawsuit amicably if we are given that opportunity. And that this lawsuit will in no way impact our services to You.
This lawsuit will in no way affect our commitment to You. And that you have my Promise that we will continue to be here to support you today, tomorrow and years to come in this currency market. Dinar Corp is stronger than ever. And we have You to thank for that. God Bless.
ghost says(): apologies -- I ommited the word RATE -- ie. exchange rate...
Nadita says(): quick... sounds like they are going to be back in business... ??
Nadita says(): ghost.. if I read your comment correctly..
dennis2 says to quicktolegit96(): Isa there a date on that Quick?
quicktolegit96 says(): nadita i think that was an old email, brb
Nadita says(12:14 PM): if Iraq were to import say tv from the US.. the cost of tv will be 100 dollars and the tax and tariff is 300% plus profit so the tv will be selling for 600 dollars = 700,000 dinar...
Nadita says(): at the rate of 1166. When the revalue happens.. and the exchange rate is 3 dollars per dinar so the cost of tv will be 200 dinar
DiagyAAAE says(): nad i need to watch my shows! its worth the cost
Nadita says(): I might be confused
_firefly_ says(): Bloomberg TV - IMF opens doors to adding NEW CURRENCIES
ghost says(): Hi Nadita, I cant say that I am following your math exactly; however, I will say that if a country imports most of it's goods (I have read that Iraq imports 90%)then the international exchange rate will dramatically impact the price on the street of 90% the goods sold / manufactured.
wmawhite says to ghost(): Good points...............the need for a particular type/size of currency is directly related to the costs of goods in a country. The value of the country's currency directly affects the costs of goods in that country. So the size of the currency is indirectly related to the value of the currency..............
_firefly_ says to wmawhite(): Simple economics 101 my friend
_firefly_ says to wmawhite(): I mean REAL simple
wmawhite says to _firefly_(): true
Comments may be made at the end of Part 2 Thank You
via Dinar Recaps - Our Blog http://ift.tt/1TjFa8x
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