KTFA, Currency 365 and more Monday Afternoon 5-18-2020
KTFA:
Samson: Deputy: The formal sessions of Parliament will start immediately after the Eid LINK
Sherry : When does Eid start and when does it end? Thank you for any input on my question.
CJVM: This is what Mr. Google answered. Eid al-Fitr for the year 2020 is celebrated/ observed on sundown of Saturday, May 23rd ending at sundown on Sunday, May 24th.
Samson: When we finally see our IQD listed on FOREX you won't see it as a dollar amount. You'll see a "factor" and it requires a simple math step to get to what we want to know - how many $'s we get for each Dinar.
All FOREX listings are listed in pairs - comparing the USD to some other currency. They will all show a different numerical factor against the USD. USD/CAD, USD/EUR, USD/IQD
Using the program rate of 1190 you would divide $1 by 1190 = .00084
So you will see it on FOREX listed as USD/.84 $1 divided by .84 = $1.19
And.......
USD/0.537 = $1.86 ($1 divided by .537 = 1.86)
USD/0.400 = $2.50 ($1 " " .400 = 2.50)
USD/0.333 = $3.00 ($1 " " .333 = 3.00)
USD/0.243 = $4.11 ($1 " " .243 = 4.11)
Also ....
$ RATE = WHAT YOU WILL SEE ON FOREX….WHEN IT RI’S/RV’S…..
$.86 = 1.162……..
$1.00 = 1.000………
$1.17 = 0.854……….
$1.86 = 0.537……..
$2.00= 0.500………
$2.50 – 0.400……..
$3.00 = 0.333……
$3.22 = 0.310…..
$3.46 = 0.289……..
$3.50 = 0.285 ………
$3.86 = 0.259……..
$4.00 = 0.250………
$4.10 = 0.243……..
$4.40 = 0.227………
$5.00 = 0.200……..
********************
Courtesy of Dinar Guru
Jeff ...I've told you that if Iraq is going to change the rate during the month of May they can only do it over a weekend and/or it has to be an in-country holiday period because Iraq's financial markets have to be closed in country and the world markets have to be closed...to minimize market volatility.
So we're looking for an in country holiday weekend in Iraq.
Article "Iraq imposes full curfew for eight day starting May 22 over Covid-19 Fears".
Interesting...they're extending the covid-19 only through a period of 8 days around May 22nd.
Guys I'm done talking.
I rest my case...they just pulled a magical holiday period out of a rabbit's hat for you guys over the weekend of May 24th going through May 30th...
Currency365
What Happens if Iraq CBI Stops Selling US Dollar?
May 16, 2020
Currency 365:
Tribal Leaders Back Iraqi Citizens, Lets Finish This
May 18, 2020