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MF reposted
General Exchange Rate Info- IQD/ROI: Simple Explanation If someone has 300,000 Iraqi Dinar and the exchange rate is 3.00, then their 300,000 Iraqi Dinar would be worth: 300,000 IQD x 3.00 = 900,000 USD So, if someone bought 300,000 Iraqi Dinar for a much lower price before…
MF reposted
How Will Iraq Finance The Revaluation: The Pay Off An example. First off, I’ll use the exchange of a 50,000 IQD (Iraqi Dinar) note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD (US Dollar) and IQD (Iraqi…
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