1stSteeleToe: 5-05-14 Hub's Broker Contact says it's ready now!
Hub: if the dinar is not revalued, then all consumer products in iraq will have to be priced to the value of a 25000, 10000, or 5000 dinar price, no way to make change, so the pricing will constantly change, just as did the kuwait dinar, the mexican peso, the german mark, japanese yen, all the african currency, canadian dollar, and the rest of the worlds countries that have changed the value of their money,
Oh, by the way, they have all changed the value to coexist with the markets of the world, and so will iraq.
[You wouldn't know when would you?] in my worthless opinion, and from the currency broker contact, its ready now…he is scratching his head about why its not happened.
PKG: Normanros: in saw your post regarding the ten day window for the announcement. were you calculating it from Sunday the 27th, because thats when the Iraqi workweek stars, or from Monday the 28th?
OkRocks: PKG from cc notes it was done on the 26th about 6pm pt
PKG: Okrocks: yes I know, but it states that the ten days only includes business days, not weekends
Footer: so 10 days ends today and we see it tomorrow-RV or RI?
PKG: Footer: in don't think so, only business days are counted
Footer: yes but if originated on the 26th-that is 10 business days
PKG: Footer: to me it sounds like then ten days end on Thursday night....if you start counting on Sunday the 27th, which is the beginning of the Iraqi workweek
OkRocks: PKG right, so that takes us to our night of the 9th I think
Normanros: well the good thing is iraq is 7 hours ahead lol
Get1Later: Iraq voting on Budget Approval within the next 48 Hours??? RI/RV RTe should be on Screens SOON!!! Can't approve a Budget without a Value Given to the Dinar!!!
NormanRos: get1later thats exactly what frank and delta said last night.frank was like how they gonna do budget without the rate in it ?
Cas: That's why they can't open budget till this rate is international shows that's why stalling on budget
Get1Later: Normanros.....Exactly!!! So we should be seeing The Ri/RV Rates Today or Tomorrow!!!
Dinofan: gatorguy...with inflation calculated $3.22 in 1991 = $5.59 in todays value. Would that be the new RI number?
Gatorguy: @Dinofan.. thats the number I got too... but I think I read somewhere that they were allowed 20% inflation to be calculated (From 3.22 bringing it to 3.87 or close) It could technically be either number
SwampyJack: Gatorguy I think you hit the ball for a home run on that prediction !! I will take it and run around the bases !!
Astorjack: Dinofan, The RI rate is $3.22 plus 18% allowd for inflation which is $3.80
Gaatorguy: @Astorjack.. you may be more accurate than me... I was just doing the math in my head...
GatorGuy: - CBI has made it clear that they will not give out funds for projects domestically funded without budget in place