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General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

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Proven
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General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by Proven on Mon 04 Feb 2013, 7:32 am

First topic message reminder :

Excluded the General Secretariat of the Council of Ministers replacement currency or cancellation of three zeros at this stage and it was seeking to raise the value of the dinar against the dollar, noting that the government is seeking to be the exchange rate 1000 dinars to the dollar.

The Secretary General of the Council of Ministers Ali Mohsen Ismail in a press statement, received and agency news news (et) copy of it on Monday that the project replace currency and the abolition of three zeros discussed during the last term in the Council of Ministers, stressing that the Council stressed that this project is not a priority for the government at the moment there is no real problem in this area.

He noted that the replacement of the currency in itself requires a large adjustments, as there are still issues with this side after the fall of the dictatorial regime, where the mass of currency in circulation is limited, but it has doubled now than it was at the time, and therefore the process of withdrawing this block is large and difficult task.

The secretary general said some have the wrong impression implies that the deletion of zeros will reduce the size of the money in circulation Kkamih, and indeed it does not reduce even by 1% and although the government believes that the change of currency is a good thing in the case of appropriate conditions for its application, but does not give him priority But when there are stable conditions.

He pointed out that the Iraqi dinar candidate because rising price against the dollar, and there is economic and financial viability enables dinar to be stronger than it is now, the chances of higher value available, especially with the growing backlog at the central bank, which exceeded $ 65 billion and rising steadily along with high economic growth in Iraq and is now one of the most developed countries in the world thanks to the expansion of oil production.

And the Secretary-General that the ingredients objectivity and economic available in the direction of the high exchange rate of the dinar against the dollar, adding that the government is seeking to have that exchange rate 1000 dinars to the dollar in the sense that the price of the currency class hundred dollars a hundred thousand Iraqi dinars and that any improvement in the political situation of could contribute to make this happen faster.

http://www.alhalnews.com/index.php?page=article&id=1310329258

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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by Neno on Mon 04 Feb 2013, 7:15 pm

So as we said years ago and then got away from it, when Iraq says 1000fils:1cents it actually means 1:1?

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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by onecinful1 on Wed 06 Feb 2013, 5:50 pm

In Kuwait, there are 5 different coins in circulation.

100 fils = 35 cents ($US) - This is 1/10th of a Kuwaiti Dinar

50 fils = 18 cents ($US)20 fils = 8 cents ($US)10 fils = 4 cents ($US)5 fils = 2 cents ($US)
http://wiki.answers.com/Q/What_is_the_value_of_a_Kuwait_coin
1000 fils make 1 KWD US $3.55 :right now Iraq has no coins/fils, reason is theres not enough value on their currency but when Iraqs currency gains enough value to support coins/fils it will be the exact same as the other countries who use 1000 fils to equal value of their dinar wheather it be Bahrain whos money value is $2.65, Jordan $1.41, Kuwait $3.55, just because they choose to use 1000th instead of 100th doesn't mean anything cause it nothing but common change/coins used in their country just as the US uses coins to make our money easy to use.


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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by Neno on Wed 06 Feb 2013, 6:40 pm

@onecinful1 wrote:In Kuwait, there are 5 different coins in circulation.
100 fils = 35 cents ($US) - This is 1/10th of a Kuwaiti Dinar
50 fils = 18 cents ($US)20 fils = 8 cents ($US)10 fils = 4 cents ($US)5 fils = 2 cents ($US)
http://wiki.answers.com/Q/What_is_the_value_of_a_Kuwait_coin
1000 fils make 1 KWD US $3.55 :right now Iraq has no coins/fils, reason is theres not enough value on their currency but when Iraqs currency gains enough value to support coins/fils it will be the exact same as the other countries who use 1000 fils to equal value of their dinar wheather it be Bahrain whos money value is $2.65, Jordan $1.41, Kuwait $3.55, just because they choose to use 1000th instead of 100th doesn't mean anything cause it nothing but common change/coins used in their country just as the US uses coins to make our money easy to use.
No SHIITTE Sherlock... TY for the exercise well known..in a way but wrong.
BTW your post came from here http://wiki.answers.com/Q/What_is_the_value_of_a_Kuwait_coin ..... ;)

(These conversions were calculated on 31st January, 2009 at www.xe.com

It is worth noting that the Kuwaiti Dinar is the highest valued unit of
currency in the world. Meaning: 1x Kuwaiti Dinar is worth more than 1x
of any other currency.)

The Kuwait Dinar is divided by 1000 fils and the dollar is divided by 100 cents simple as that.

Now we are not talking about Kuwait but Iraq and the dinar is divided by 1000 fils as well... ;)

This list gives the current names for the currency of stamp-issuing
entities. This list is primarily intended to help the collector identify
new stamps. Older values are not included because the names of the
currency, value, country and territory are constantly changing. For
guidance on older issues of countries, consult the section titled Stamp Issuing Entities.

Abbreviations included in the list are: EC for East Caribbean; CFA
for the African Financial Community; CFP for the Pacific Financial
Community; and NZ for New Zealand.

To better understand the following list, look at the second entry,
"Aitutaki," as an example. The major currency unit of Aitutaki is the NZ
(New Zealand) dollar, which indicates that the currency of that island
is tied to that of New Zealand. Unless noted as a specific type or area
of currency, each currency until will be unique to that country. In
other words, entries marked simply "dollar" will not be related to other
entries marked "dollar." In the Aitutaki listing, the equivalent
figures indicate that one NZ dollar is equal to 100 cents.

For the most current information on exchange rates, consult banks or financial institutions or publications.



  • Afghanistan: 1 afghani (af) = 100 puls (p).
  • Aitutaki: 1 NZ dollar ($) = 100 cents (¢).
  • Aland: 1 euro (€) = 100 cents (¢).
    1 Finnish markka (mk) = 100 pennia (p).
  • Albania: 1 lek (l) = 100 qindarka (q).
  • Alderney: 1 pound sterling (£) = 100 pence (p).
  • Algeria: 1 dinar (d) = 100 centimes (c).
  • Andorra (French): 1 euro (€) = 100 cents (¢).
    1 French franc (fr) = 100 centimes (c).
  • Andorra (Spanish): 1 euro (€) = 100 cents (¢).
    1 Spanish peseta (pta) = 100 centimos (c).
  • Angola: 1 kwanza (kz) = 100 lweys (1).
  • Anguilla: 1 EC dollar ($) = 100 cents (¢).
  • Antigua & Barbuda: 1 EC dollar ($) = 100 cents (¢).
  • Argentina: 1 peso (p) = 100 centavos (c).
  • Armenia: 1 dram (dr) = 100 lumas (l).
  • Aruba: 1 florin (fl) = 100 cents (¢).
  • Ascencion: 1 pound sterling (£) = 100 pence (p).
  • Australia: 1 dollar ($) = 100 cents (¢).
  • Australian Antarctic Territory: 1 Australian dollar ($) = 100 cents (¢).
  • Austria: 1 euro (€) = 100 cents (¢).
    1 schilling (s) = 100 groschen (g).
  • Azerbaijan: 1 manat (m) = 100 qepiq (q).
  • Azores: 1 euro (€) = 100 cents (¢).
    1 Portuguese escudo (esc) = 100 centavos (c).

  • Bahamas: 1 dollar ($) = 100 cents (¢).
  • Bahrain: 1 dinar (d) = 1,000 fils (f).
  • Bangladesh: 1 taka (t) = 100 poishas (p).
  • Barbados: 1 dollar ($) = 100 cents (¢).
  • Barbuda: 1 EC dollar ($) = 100 cents (¢).
  • Belarus: 1 ruble (rub) = 100 kapeik (k).
  • Belgium: 1 euro (€) = 100 cents (¢).
    1 franc (fr) = 100 centimes (c).
  • Belize: 1 dollar ($) = 100 cents (¢).
  • Benin: 1 CFA franc (fr) = 100 centimes (c).
  • Bermuda: 1 dollar ($) = 100 cents (¢).
  • Bhutan: 1 ngultrum (nu) = 100 chetrum (ch).
  • Bolivia: 1 boliviano (b) = 100 centavos (c).
  • Bosnia-Herzegovina: 1 mark (m) = 100 pfennigs (pf).
  • Botswana: 1 pula (p) = 100 thebe (t).
  • Brazil: 1 real (r) = 100 centavos (c).
  • British Antarctic Territory: 1 pound sterling (£) = 100 pence (p).
  • British Virgin Islands: 1 U.S. dollar ($) = 100 cents (¢).
  • Brunei: 1 dollar ($) = 100 cents (¢).
  • Bulgaria: 1 lev (l) = 100 stotinki (st).
  • Burkina Faso: 1 CFA franc (fr) = 100 centimes (c).
  • Burundi: 1 franc (fr) = 100 centimes (c).

  • Cambodia: 1 riel (r) = 100 cents (¢).
  • Cameroon: 1 CFA franc (fr) = 100 centimes (c).
  • Canada: 1 dollar ($) = 100 cents (¢).
  • Cape Verde: 1 escudo (esc) = 100 centavos (c).
  • Cayman Islands: 1 dollar ($) = 100 cents (¢).
  • Central African Republic: 1 CFA franc (fr) = 100 centimes (c).
  • Chad: 1 CFA franc (fr) = 100 centimes (c).
  • Chile: 1 peso (p) = 100 centavos (c).
  • China: 1 yuan (y) = 100 fen (f).
  • Taiwan (China, Republic of): 1 New Taiwan dollar (NT$) = 100 cents (¢).
  • Christmas Island: 1 Australian dollar ($) = 100 cents (¢).
  • Cocos (Keeling) Islands: 1 Australian dollar ($) = 100 cents (¢).
  • Colombia: 1 peso (p) = 100 centavos (c).
  • Comoro Islands: 1 franc (fr) =100 centimes (c).
  • Congo Peoples' Republic: 1 CFA franc (fr) = 100 centimes (c).
  • Congo Democratic Republic of: 1 Congolese = 100 franc (fr).
  • Cook Islands: 1 NZ dollar ($) = 100 cents (¢).
  • Costa Rica: 1 colon (col) = 100 centimos (c).
  • Croatia: 1 kuna (k) = 100 lipas (l).
  • Cuba: 1 peso (p) = 100 centavos (c).
  • Cyprus: 1 pound (£) = 100 cents (¢).
  • Czech Republic: 1 koruna (k) = 100 haleru (h).

  • Denmark: 1 krone (kr) = 100 ore (o).
  • Djibouti: 1 franc (fr) = 100 centimes (c).
  • Dominica: 1 EC dollar ($) = 100 cents (¢).
  • Dominican Republic: 1 peso (p) = 100 centavos (c).

  • Ecuador: 1 sucre (s) = 100 centavos (c).
  • Egypt: 1 pound (£) = 100 piasters (pi)
  • El Salvador: 1 colon (col) = 100 centavos (c).
  • Equatorial Guinea: 1 CFA franc (fr) = 100 centimes (c).
  • Eritrea: 1 nakfa (n) = 100 cents (¢).
  • Estonia: 1 kroon (kr) = 100 sents (s).
  • Ethiopia: 1 birr (b) = 100 cents (¢).
  • Euro: 1 euro (€) = 100 cents (¢).

  • Falkland Islands: 1 pound (£) = 100 pence (p).
  • Faeroes: 1 Danish krone (kr) = 100 ore (o).
  • Fiji: 1 dollar ($) = 100 cents (¢).
  • Finland: 1 euro (€) = 100 cents (¢).
    1 markka (mk) = 100 pennia (p).
  • France: 1 franc (fr) = 100 centimes (c).
  • French Polynesia: 1 CFP franc (fr) = 100 centimes (c).
  • French Southern & Antarctic Terr.: 1 euro (€) = 100 cents (¢).
    1 French franc (fr) = 100 centimes (c).

  • Gabon: 1 CFA franc (fr) = 100 centimes (c).
  • Gambia: 1 dalasy (dal) = 100 bututs (b).
  • Georgia: 1 lari (l) = 100 tetri (t).
  • Germany: 1 euro (€) = 100 cents (¢).
    1 Deutschemark (m) = 100 pfennigs (pf).
  • Ghana: 1 cedi (c) = 100 pesewas (p).
  • Gibraltar: 1 pound (£) = 100 pence (p).
  • Great Britain: 1 pound sterling (£) = 100 pence (p).
  • Greece: 1 euro (€) = 100 cents (¢).
    1 drachma (dr) = 100 lepta (l).
  • Greenland: 1 Danish krone (kr) = 100 ore (o).
  • Grenada: 1 EC dollar ($) = 100 cents (¢).
  • Guatemala: 1 quetzal (q) = 100 centavos (c).
  • Guernsey: 1 pound sterling (£) = 100 pence (p).
  • Guinea: 1 franc (fr) = 100 cauris (c).
  • Guinea-Bissau: 1 franc (fr) = 100 centimes (c).
  • Guyana: 1 dollar ($) = 100 cents.

  • Haiti: 1 gourde (g) = 100 centimes (c).
  • Honduras: 1 lempira (l) = 100 centavos (c).
  • Hong Kong: 1 dollar ($) = 100 cents (¢).
  • Hungary: 1 forint (ft) = 100 filler (f).

  • Iceland: 1 krona (kr) = 100 aurar (a).
  • India: 1 rupee (re) = 100 paise (p).
  • Indonesia: 1 rupiah (rp) = 100 sen (s).
  • Iran: 1 rial (r) = 100 dinars (d).
  • Iraq: 1 dinar (d) = 1,000 fils (f).
  • Ireland: 1 euro (€) = 100 cents (¢).
    1 pound (£) = 100 pence (p).
  • Isle of Man: 1 pound sterling (£) = 100 pence (p).
  • Israel: 1 shekel (s) = 100 agorot (a).
  • Italy: 1 euro (€) = 100 cents (¢).
    1 lira (l) = 100 centesimi (c).
  • Ivory Coast: 1 CFA franc (fr) = 100 centimes (c).

  • Jamaica: 1 dollar ($) = 100 cents (¢).
  • Japan: 1 yen (y) = 100 sen (s).
  • Jersey: 1 pound sterling (£) = 100 pence (p).
  • Jordan: 1 dinar (d) = 100 piasters (pi).

  • Kazakstan: 1 tenge (te) = 100 tyyn (t).
  • Kenya: 1 shilling (/-) = 100 cents (¢).
  • Kiribati: 1 Australian dollar ($) = 100 cents (¢).
  • Korea (North): 1 won (w) = 100 chon (ch).
  • Korea (South): 1 won (w) = 100 chon (ch).
  • Kuwait: 1 dinar (d) = 1,000 fils (f).
  • Kyrgyzstan: 1 som (s) = 100 tyyn (t).

  • Laos: 1 kip (k) = 100 att (a).
  • Latvia: 1 lats (l) = 100 santimi (s).
  • Lebanon: 1 livre (l) = 100 piasters (p).
  • Lesotho: 1 loti (m, from plural maloti) = 100 lisente (s from singular sente).
  • Liberia: 1 dollar ($) = 100 cents (¢).
  • Libya: 1 dinar (d) = 1,000 dirhams (dh).
  • Liechtenstein: 1 Swiss franc (fr) = 100 rappen (rp).
  • Lithuania: 1 litas (l) = 100 centas (c).
  • Luxembourg: 1 euro (€) = 100 cents (¢).
    1 franc (fr) = 100 centimes (c).

  • Macau: 1 pataca (pa) = 100 avos (a).
  • Macedonia: 1 denari (de) = 100 deni (di).
  • Madagascar: 1 franc (fr) = 100 centimes (c).
  • Madeira: 1 euro (€) = 100 cents (¢).
    1 Portuguese escudo (esc) = 100 centavos (c).
  • Malawi: 1 kwacha (k) = 100 tambalas (t).
  • Malaysia: 1 ringgit dollar ($) = 100 sen (s).
  • Maldives: 1 rufiyaa (rf) = 100 larees (l).
  • Mali: 1 CFA franc (fr) = 100 centimes (c).
  • Malta: 1 lira (l) = 100 cents (¢).
  • Marshall Islands: 1 U.S. dollar ($) = 100 cents (¢).
  • Mauritania: 1 ouguiya (um) = 5 khoums (kh).
  • Mauritius: 1 rupee (re) = 100 cents (¢).
  • Mayotte: 1 euro (€) = 100 cents (¢).
    1 franc (fr) = 100 centimes (c).
  • Mexico: 1 peso (p) = 100 centavos (c).
  • Micronesia: 1 U.S. dollar ($) = 100 cents (¢).
  • Moldova: 1 leu (l) = 100 bani (b).
  • Monaco: 1 euro (€) = 100 cents (¢).
    1 French franc (fr) = 100 centimes (c).
  • Mongolia: 1 tugrik (t) = 100 mung (mu).
  • Montserrat: 1 EC dollar ($) = 100 cents (¢).
  • Morocco: 1 dirham (dh) = 100 centimes (c).
  • Mozambique: 1 metical (mt) = 100 centimos (c).
  • Myanmar: 1 kyat (k) = 100 pyas (p).

  • Namibia: 1 dollar ($) = 100 cents (¢).
  • Nauru: 1 Australian dollar ($) = 100 cents (¢).
  • Nepal: 1 rupee (re) = 100 paisa (p).
  • Netherlands: 1 euro (€) = 100 cents (¢).
    1 guilder (g) = 100 cents (¢).
  • Netherlands Antilles: 1 guilder (g) = 100 cents (¢).
  • Nevis: 1 EC dollar ($) = 100 cents (¢).
  • New Caledonia: 1 CFP franc (fr) = 100 centimes (c).
  • New Zealand: 1 dollar ($) = 100 cents (¢).
  • Nicaragua: 1 cordoba (cor) = 100 centavos (c).
  • Niger: 1 CFA franc (fr) = 100 centimes (c).
  • Nigeria: 1 naira (n) = 100 kobo (k).
  • Niuafo'ou: 1 Tongan pa'anga (pa) = 100 senti (s).
  • Niue: 1 NZ dollar ($) = 100 cents (¢).
  • Norfolk Island: 1 Australian dollar ($) = 100 cents (¢).
  • Norway: 1 krone (kr) = 100 ore (o).

  • Oman (Sultanate of): 1 rial (ri) = 1,000 baizas (b).

  • Pakistan: 1 rupee (re) = 100 paisa (p).
  • Palau: 1 U.S. dollar ($) = 100 cents (¢).
  • Palestinian Authority: 1 Jordanian dinar (d) = 1,000 fils (f).
  • Panama: 1 balboa (b) = 100 centesimos (c).
  • Papua New Guinea: 1 kina (k) = 100 toea (t).
  • Paraguay: 1 guarani (g) = 100 centimos (c).
  • Penrhyn: 1 NZ dollar ($) = 100 cents (¢).
  • Peru: 1 sol (s) = 100 centimos (c).
  • Philippines: 1 peso (p) = 100 sentimos (s).
  • Pitcairn Islands: 1 NZ dollar ($) = 100 cents (¢).
  • Poland: 1 zloty (zl) = 100 groszy (gr).
  • Portugal: 1 euro (€) = 100 cents (¢).
    1 escudo (esc) = 100 centavos (c).

  • Qatar: 1 riyal (ri) = 100 dirhams (d).

  • Romania: 1 leu (l) = 100 bani (b).
  • Russia: 1 ruble (rub) = 100 kopecks (kop).
  • Rwanda: 1 franc (fr) = 100 centimes (c).

  • St. Helena: 1 pound sterling (£) = 100 pence (p).
  • St. Kitts: 1 EC dollar ($) = 100 cents (¢).
  • St. Lucia: 1 EC dollar ($) = 100 cents (¢).
  • St. Pierre & Miquelon: 1 euro (€) = 100 cents (¢).
    1 French franc (fr) = 100 centimes (c).
  • St. Vincent-Grenadines: 1 EC dollar ($) = 100 cents (¢).
  • San Marino: 1 euro (€) = 100 cents (¢).
    1 Italian lira (l) = 100 centesimi (c).
  • Sao Tome and Principe: 1 dobra (db) = 100 centimos (c).
  • Saudi Arabia: 1 riyal (ri) = 100 halalas (h).
  • Senegal: 1 CFA franc (fr) = 100 centimes (c).
  • Seychelles: 1 rupee (re) = 100 cents (¢).
  • Sierre Leone: 1 leone (l) = 100 cents (¢).
  • Singapore: 1 dollar ($) = 100 cents (¢).
  • Slovakia: 1 koruna (kr) = 100 haleru (h).
  • Slovenia: 1 tolar (t) = 100 stotins (s).
  • Solomon Islands: 1 dollar ($) = 100 cents (¢).
  • Somalia: 1 shilling (sh) = 100 centesimos (c).
  • South Africa: 1 rand (r) = 100 cents (¢).
  • South Georgia and South Sandwich Islands: 1 pound (£) = 100 pence (p).
  • Spain: 1 euro (€) = 100 cents (¢).
    1 peseta (pta) = 100 centimi (c).
  • Sri Lanka: 1 rupee (re) = 100 cents (¢).
  • Sudan: 1 dinar (d) = 10 pounds (£).
  • Suriname: 1 guilder (g) = 100 cents (¢).
  • Swaziland: 1 lilangeni (li) = 100 cents (¢).
  • Sweden: 1 krona (kr) = 100 ore (o).
  • Switzerland: 1 franc (fr) = 100 centimes (c).
  • Syria: 1 pound (£) = 100 piastres (p).

  • Tajikistan: 1 somoni (s) = 100 dirams (d).
  • Tanzania: 1 shilling (/-) = 100 cents (¢).
  • Thailand: 1 baht (b) = 100 satang (s).
  • Togo: 1 CFA franc (fr) = 100 centimes (c).
  • Tokelau: 1 NZ dollar ($) = 100 cents (¢).
  • Tonga: 1 pa'anga (pa) = 100 seniti (s).
  • Trinidad & Tobago: 1 dollar ($) = 100 cents (¢).
  • Tristan Da Cunha: 1 pound sterling (£) = 100 pence (p).
  • Tunisia: 1 dinar (d) = 1,000 millimes (m).
  • Turkey: 1 lira (l) = 100 kurush (k).
  • Turkish Republic of Northern Cyprus: 1 Turkish lira (l) = 100 kurus (k).
  • Turkmenistan: 1 manat (m) = 100 tenge (t).
  • Turks & Caicos Islands: 1 U.S. dollar ($) = 100 cents (¢).
  • Tuvalu: 1 Australian dollar ($) = 100 cents (¢).

  • Uganda: 1 shilling (/-) = 100 cents (¢).
  • Ukraine: 1 hryvnia (h) = 100 kopiyka (kop).
  • United Arab Emirates: 1 dirham (d) = 100 fils (f).
  • United Nations: uses U.S. currency in New York, Swiss currency in Geneva, and Austrian currency in Vienna.
  • United States of America: 1 dollar ($) = 100 cents (¢).
  • Uruguay: 1 peso uruguayo (p) = 100 centesimos (c).
  • Uzbekistan: 1 sum (s) = 100 tyyn (t).

  • Vanuatu: l vatu (v) = 100 centimes (c).
  • Vatican City: 1 euro (€) = 100 cents (¢).
    1 Italian lira (l) = 100 centesimi (c).
  • Venezuela: 1 bolivar (b) = 100 centimos (c).
  • Vietnam: 1 dong (d) = 100 xu.

  • Wallis & Futuna: 1 CFP franc (fr) = 100 centimes (c).
  • Western Samoa: 1 tala (t) = 100 sene (s).

  • Yemen: 1 rial (ri) = 100 fils (f).
  • Yugoslavia: 1 dinar (d) = 100 paras (p).

  • Zambia: 1 kwacha (kw) = 100 ngwee (ng).
  • Zimbabwe: 1 dollar ($) = 100 cents (¢).
http://www.linns.com/reference/currency/currency.aspx

mochasmom
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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by mochasmom on Wed 06 Feb 2013, 7:24 pm

Lesson over! Thanks !

Wayne Irby
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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by Wayne Irby on Wed 06 Feb 2013, 8:48 pm

Good lesson!, also thanks duck!, for the trip down memory lane,& for everyone that remmembers Gene Gene, the dancing machine, Dang!, we be must be getting old!

onecinful1
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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by onecinful1 on Thu 07 Feb 2013, 1:27 am

Lets rock,, lets take a flight,,, I noticed you have taken Kuwait as your "preference in red" thats where we'll start,,, Simple math my friend!!! Nice breakdown of what different currenices/coins are called, I only showed a few to keep things simple but you are obviously a technical man and showed all countries, thank you for doing that,,, this way it will prove how all countries currencies play together, so for all other investors, play your own counties currency, all others have fun with any country you chose but be sure to use each countries exchange rate and coins ( see above coin names) ( cents, fils, pence, centimes, peso,,etc) and thank Neno for producing all currency/coin names.
Lets leave the USA and go to Kuwait with $1.00. arrive at Kuwait and change that dollar into KWD, which is how it works. $1.00 USD is worth two 100 fils, one 50 fils, one 20 fil, and one 10 fil = 280 fils. Lets break it down 100 fils = 35 US cents x's 2 = 70 cents, 50 fils = 18 US cents, 20 fils = 8 US cents, 10 fils = 4 US cents,,, 280 fils! The Kuwait dinar is worth $3.55 USD, the KWD fil is 1000th of a KWD Dinar, I just showed that $1.00 USD = 280 fils',, simple math my friends!!!!! 280 x 3 = 840 fils = $3.00 USD's, but you must add 160 fils to the 840 fil's to equal 1000 fils which = $3.55 KWD. For those investors paying attention notice that the other "red high lighted fils" is the IQD, and heres a fact: Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete: http://en.wikipedia.org/wiki/Iraqi_dinar,,, this is why we are waiting for the IQD to have value so Iraq can have fil's/coins!!!!Now what the IQD exchange rate comes in at is yet to be determined, right now it is at .00085 which leaves absolutly no value to fil's/coins. Bottom line is just because a country uses "1000" fils/millimies/dirhams, doesn't mean its worth mucho bucks,go back and read above theirs only about 6 out of 250 countires that still base their coin at 1000 of their monutary value.
Don't forget,, see above and do your own math with your own countries exchange rate, BTW for those 2 comments, you clearly do not know simple math,,, priceless!!!!! lol :D

duck2000
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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by duck2000 on Thu 07 Feb 2013, 7:07 am

wernt we told we cant use WIKI?
.. LOL

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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by Neno on Thu 07 Feb 2013, 7:29 am

Your working numbers that I haven't had too in years but your I think working the KWD as a dollar which isn't the correct formula, the KWD has to always be configured in 1000 and the dollar in cents, may have to use the SDR's in the configuration too its just been so long again I have had to do this.. I will get this worked again just going to have to take me a spell since I haven't done this from way back like in the beginning.. ;)

Bottomline tho, you can not take a single dollar into Iraq for conversion to use, you will be screwed cause 1 dollar will not convert to their coin evenly. So it is best to use KWD in Kuwait or exchange a even amount of dollars to KWD's for accurate spending ventures.



1.00 USD =
0.281600 KWD

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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

Post by onecinful1 on Fri 08 Feb 2013, 10:03 pm

@Neno wrote:Your working numbers that I haven't had too in years but your I think working the KWD as a dollar which isn't the correct formula, the KWD has to always be configured in 1000 and the dollar in cents, may have to use the SDR's in the configuration too its just been so long again I have had to do this.. I will get this worked again just going to have to take me a spell since I haven't done this from way back like in the beginning.. ;)

Bottomline tho, you can not take a single dollar into Iraq for conversion to use, you will be screwed cause 1 dollar will not convert to their coin evenly. So it is best to use KWD in Kuwait or exchange a even amount of dollars to KWD's for accurate spending ventures. 1.00 USD =
0.281600 KWD
TFF!!!! basic math my friend, thats why they have fils/change just like the USA using "cents", Mexico using "peso's" Britian using "pence" etc, you posted over 250 countries and the names of their "coins".
next lesson will be the Jordanian dinar, who's exchange rate is $1.41 US, and also uses 1000 fils just as Kuwait, same rules apply, Jordanian coins are "qires" 1 = 10 fils 5 = 50 fils, 10 = 100 fils, 1/4 dinar = 250 fils, 1/2 dinar = 500 fils. 1000 fils = $1.41,,, 10 fils = .01 cent US 50 fils = .07 cents US, 100 fils = .14 cents US,,, 250 fils = .35 cents US and 500 fils = .70 cents US.
guess what 720 fils equal in USD,, if you need more help I'll give another lesson tomorrow with another country that uses 1000 fils.

Basket of currencies determines the value of the SDR
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies,today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar. The U.S. dollar-equivalent of the SDR is posted dailyon the IMF’s website. It is calculated as the sum of specific amounts of the four basket currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market http://www.imf.org/external/np/exr/facts/sdr.HTM












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Re: General Secretariat of the Council of Ministers: the government is seeking to have that exchange rat

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