Showing posts with label Iraqi Dinars. Show all posts
Showing posts with label Iraqi Dinars. Show all posts

Thursday, March 25, 2010

50 Iraqi Dinars vs. 4 American Cents.

50.00 Canadian dollars equals $48.87 in American dollars.
50.00 Mexican Pesos equals $3.98 in American dollars.
50.00 Indian Rupees equals $1.10 in American dollars.
50.00 Japanese Yen equals $0.54 in American dollars.


After campaigning with Matthew Avitabile last week, I received a gift of 50 Iraqi Dinars for six to nine hours of hard campaigning. Being a coin collector, I was pleased with the gift, but I didn't need it, I volunteered too help Matt in his re-election bid, even if I had three to four blisters at the end of the day. However, I accepted the gift, as did the rest of the campaign committee, a gracious boss' we had in Matt.

Well, I decided to research the value of 50 Iraqi Dinars, and guess what? I have the American equivalent of four whole cents. Not that I'm complaining, but it appears our friend Matt is a man who believes in long, long, long, long term investments.

50.00 Iraqi Dinars equals $0.04 in American dollars.

If I ever need to visit Iraq............I'm a rich man, and monies will never be a problem, all I will need is 4 cents for 50 Dinars. Seriously Matt, I offer a personal thanks for giving me this gift, I appreciate it, and I learned something that I never knew before - America has a weak dollar, but we're still doing better than Canada!


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Monday, November 23, 2009

Sarah Palin Supports Dinars!?

Sarah Palin may have just gained the appreciation of all of the dinar-loving Americans with this image, released by Getty Images:Whoa.

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Tuesday, February 3, 2009

PREDICTION: The Dinar's Final Value

I was driving home today and thought of how the dinar might wind up. Feel free to post your own predictions as a response or challenge my assumptions.

What we know:

A lop would cause the Central Bank of Iraq to bring in all of the existing dinars, print new dinars, and then distribute the new currency. All of this would be expensive and time-consuming. Iraq has basically had to do this twice over the last 20 years and likely wouldn't desire to do it again.

If Iraq chose to grow the dinar, a RV of 1/1 would cause massive inflation and could cause the collapse of the Iraqi economy. An immediate shift could be detrimental to the already fragile economy.

Iraq's new currency is well-made. It is made of complex fibers and all have a watermark. The 25k note has security thread and color-shifting material. The putative value of this note currently is about $20. However, the high quality of the note is more like one worth about $100.

The dinar is pegged to the US dollar.

Knowing these things:

Iraq will likely continue to slow grow the dinar. With the rapid growth of the economy (even with lower oil prices), inflation is likely to pick up. If this happens, then the interest rates will likely be raised by the CBI. When this happens, the dinar increases in value.

If inflation causes a pickup in interest rates and the tightening of the money supply, then the overall M2 will decrease. Even a decrease of 10%, coupled with economic growth of 10% could have the effect of an over 20% pickup in the value of the dinar.

It is likely that the 25k dinar note would remain the largest bill. In this fashion, it could happen that this would be tied to the largest American bill in circulation, the $100 bill. In this case, if the 25k dinar note is roughly around $100, then the value of the dinar could range between one quarter and one half of a cent.

In this scenario, if the dinar was worth a half a cent, then the 50 dinar note would be worth a quarter, or enough to buy a gallon of gas in Iraq. This would become a practical small bill, similar to our $1 bill.

The slow grow of the dinar, coupled with the growth of the economy would likely cause the Iraqi economy and government to have increased spending power, which could further aid an economic revival. This could happen without the extra costs of a lop or the high risk of hyperinflation (which would be counterproductive) of an RV.

Also, if you need to search anything on Google, please use the bar below:

Thursday, January 22, 2009

Proof of Saddam's WMDs

This is a copy of something I wrote on the Investor's Iraq Forum. Enjoy.

Bush never stated that Iraq was a direct or imminent threat to us. In fact, he stated the opposite during one of his biggest speeches before the war. From the 2003 State of the Union:

Some have said we must not act until the threat is imminent. Since when have terrorists and tyrants announced their intentions, politely putting us on notice before they strike?

As for chemical weapons that were a threat to us, we're forgetting the potential of Saddam's WMD. Contrary to popular belief, most of his WMD capacity was NOT given or sold to him by the United States. In fact, the vast majority was provided by Russia (his number one arms partner), East Germany, and Poland. The United States, under President Reagan allowed biological weapons components to be sold to the Iraqi regime, but was not the primary seller.

Sarin nerve gas was produced in the tons by Saddam's government in the 1980s. One liquid drop of this could kill an adult male. The Iraqi regime created and stockpiled even more deadly nerve gases, like cyclosarin and VX. Even ten shells filled with these chemicals could kill hundreds, or thousands in an enclosed ventilation system. And Saddam admitted to having at least 30,000 in 1991. The Iraqis had a bad habit of not labeling their chemical weapons shells. Of all of the millions of shells safely detonated by ordinance personnel, hundreds or thousands could have been VX, Sarin, Tabun, or Cyclosarin.

Sarin and mustard gas are fairly easy to construct, and considering the Iraqis had the blueprints and experience, it was only a matter of time that the stockpiles were rebuilt. These were seen as vital as a bulwark against Iran and Israel.

And Saddam's WMD stockpile wouldn't be used against us directly. Duh. With various bases in the region, the Kurds, Israel, and Saudi Arabia nearby, there was no reason to risk transporting the materials 11,000 miles. He could easily hit Americans in his own back yard. Or more likely, complete the Anfal Campaign when we weren't looking.

Of course oil is a major factor in the war. You don't invade a country with either the 2nd or 3rd biggest oil reserves in the world and not factor that in. And considering the fact that almost all of Iraq's oil is either in the Kurdish region or close to the Kuwaiti border (in the desert where no one lives), if oil was the only or chief concern, it could be secured and held even without toppling Saddam. Besides, these wells haven't been given to American or British petroleum corporations, which could have easily paid for the war. You cannot leave a dictator who invaded three of his neighbors and shot ballistic missiles at two others in control of this vast oil wealth. And considering that he was funding Hamas, Hezbollah, and Ansar al-Islam (to name just a few), this money was directly funding the deaths of Israelis and Lebanese.

If Bush really lied (or even really exagerrated) claims about WMD, it would be in short order that American chemical weapons from the Cold War (which we're disposing of anyway) would be sent as stand-ins. Considering if Bush and his Administration would know ahead that they were lying, this would have been done before the troops entered Baghdad.

This isn't about Bush. If Clinton or Gore were President, toppling Saddam would have been the right thing. It just so happened that Bush was the person who did it. Considering the threat that Saddam held for the region, it was by far a great decision. To deny that would fly in the face of fact, not opinion.

Saturday, November 15, 2008

Dinars Bekharid

This is transliterated:

Pul e Iraq dinars ast. Dinars ye Iraq kheili geran (gerantar ke $3) bud. Vali, emruz kheili arzan ast. Yek dinar emruz $.00085 ast. Kharidan dinars bahush ast va bara ye ayande khub ast. Ayande dinars ast.

Ba ziad roghan, pul be Iraq miayad. Be to komak bekonid va dinars bekharid.

Shock as Obama Declares Dinars American Currency

Washington--

A visible pall was over the White House as President Obama announced that the American dollar was the currency of the past. During a press conference, the President announced that the United States dollar was going to be phased out and the Iraqi Dinar would become the official currency.

"The way I look at it is this," the President said, "We, uh, really, uh, destroyed the country of Iran-- Iraq, and we need to make it up to them. And, uh, by using their currency, we can, uh, begin the process of healing."

Reporters from MSNBC called the decision "heroic" and "long overdue." Reporter Bret Baier from FoxNews asked President Obama if the American people would accept his decision.

"One thing, Fox," the President responded, "Is that the American people gave me a clear mandate over that old guy. You, uh, sometimes have to be bold and contiguous."

When asked why he used the word contiguous in his statement, the President asked that Baier be escorted from the room.

White House Press Secretary Scott McClellan explained later in a written statement, "The Iraqi Dinar was once worth over three dollars. It is unlikely that the dollar would be worth three dollars. In fact, it is only too often that I had to exchange three dollars for one dollar at the grocery mart."

The Dinar is expected to become popular in places such as Massachusetts and Manhattan. Parts of California already use the Iranian Rial as official currency.

"This is a great day." said San Francisco resident Destiny Rainfall, "Hopefully there will be the day when we will not need to use money. Someday." Rainfall then got on her high horse. It is unknown if she will ever get down.

Stock up before it's too late!

Tuesday, November 11, 2008

For Sale-- 50 Iraqi Dinars

Hey everyone. I've recently been able to pick up some Iraqi Dinars. If anyone is interested in picking up 50 crisp Iraqi Dinars, email me at avitmw@gmail.com

PRICE: $1 plus 42 cents shipping.