Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


5 posters

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281403
    Join date : 2012-12-21
    • Post n°1

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by Rocky Wed 28 Nov 2018, 6:26 am

    First topic message reminder :

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran



    [You must be registered and logged in to see this image.]

    [You must be registered and logged in to see this link.]


    [You must be registered and logged in to see this link.]
    • Back to top
    weslin3
    weslin3
    weslin3
    Interacting Investor
    Interacting Investor


    Posts : 7463
    Join date : 2012-12-19
    • Post n°11

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by weslin3 Sat 01 Dec 2018, 9:46 pm

    I don't know where to put this but what is with the decimal points??

    [You must be registered and logged in to see this link.]



    US dollarUSD1190.000
    EuroEUR1342.796
    Pound sterlingGBP1523.200
    Canadian dollarCAD894.602
    Swiss francS.FR1191.072
    Swedish kronaSEK130.554
    Norwegian kroneNOK138.311
    Danish kroneDKK179.962
    Japanese yenJPY10.457
    Chinese YuanCNY171.065
    Australian dollar AUD860.727
    Special drawing rights SDR1641.807
    Gold for 24-ounce Gold1434061.500


    Last edited by weslin3 on Sat 01 Dec 2018, 9:49 pm; edited 1 time in total (Reason for editing : left out link)
    • Back to top
    Lobo
    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12
    • Post n°12

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by Lobo Sun 02 Dec 2018, 12:30 pm

    Don't know for sure, but read that they are needed for trading and are called pips.
    • Back to top
    Proven
    Proven
    Proven
    NNP TEAM
    NNP TEAM


    Posts : 1858
    Join date : 2012-12-21
    • Post n°13

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by Proven Tue 04 Dec 2018, 5:22 pm

    Iran & Iraq consider replacing US dollar with local currency in trade
    Published time: 20 Nov, 2018 14:06
    [You must be registered and logged in to see this link.]
    [You must be registered and logged in to see this image.]
    © Getty Images / Walter Bibikow

    [You must be registered and logged in to see this link.]







    Apart from barter trade, Tehran and Baghdad are mulling the idea of using the Iraqi dinar for mutual transactions to reduce reliance on the US dollar amid banking problems Iran is facing due to US sanctions.
    “Considering the problems that have emerged in dollar-based banking transactions, a joint proposal between Iran and Iraq is using Iraq’s dinar in trade,” Iranian ambassador to Baghdad Iraj Masjedi said, as quoted by Iran’s Fars News Agency.
    [size=21]Read more
    [You must be registered and logged in to see this link.]
    The announcement comes two weeks after Washington brought into action the second round of anti-Iranian sanctions that target the country’s oil, shipping, and financial sectors. The previous batch of penalties, which came into effect in August, hit cars, carpets, metals trading, as well as access to the US dollar.
    According to Masjedi, the current trade turnover between Iran and Iraq totals $12 billion and the countries plan to increase the figure up to $20 billion. The official said that Baghdad has recently been under strong pressure from the White House over its business dealings with Iran, its top trade partner.
    Apart from energy resources, Iranian exports to Iraq include livestock, food items, plastic products, construction materials and vehicles.
    “The Iraqis need Iran’s natural gas, electricity, food items and industrial materials,” Masjedi said. “If exports of these to Iraq are stopped, there will be problems not only for Iran but also for the Iraqis.”
    Last week, Reuters reported that Baghdad had been looking for Washington’s approval to import Iranian gas and energy supplies in exchange for food items. Iraq, as well as some other of Iran’s partners, was granted a waiver from the US, allowing it to gradually reduce energy purchases from the Islamic Republic. However, Iraqi authorities say the exemption of only 45 days is not enough to stop importing Iranian gas and oil.    [/size]


    [You must be registered and logged in to see this link.]
    • Back to top
    Lobo
    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12
    • Post n°14

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by Lobo Tue 04 Dec 2018, 5:28 pm

    Thanks Proven, it would seem to me that the CBI would have to RV for this to work - can't purchase much at the program rate.
    • Back to top
    jbigg
    jbigg
    jbigg
    Getting It Investor
    Getting It Investor


    Posts : 26
    Join date : 2013-01-01
    Age : 71
    Location : Deep East Texas
    • Post n°15

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by jbigg Tue 04 Dec 2018, 7:51 pm

    IRR
    1 IRR = 0.0284001 IQD
    1 IQD = 35.2111 IRR
    Iraqi Dinar to Iranian Rial Conversion
    Last updated: 2018-12-05 01:50 UTC
    • Back to top
    weslin3
    weslin3
    weslin3
    Interacting Investor
    Interacting Investor


    Posts : 7463
    Join date : 2012-12-19
    • Post n°16

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by weslin3 Tue 04 Dec 2018, 11:15 pm

    Understanding the decimal point that they have introduced better....  Like we use the decimal point $1.25..
    • Back to top
    jbigg
    jbigg
    jbigg
    Getting It Investor
    Getting It Investor


    Posts : 26
    Join date : 2013-01-01
    Age : 71
    Location : Deep East Texas
    • Post n°17

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by jbigg Wed 05 Dec 2018, 9:06 pm

    If that decimal point moves to the right three times ( the lifting of 3 zeros ) the dinar will be worth .84 to the dollar. Close to the "EQUALIZATION" of the dinar.
    • Back to top
    Sponsored content

    Sponsored content


    • Post n°18

    Replacing the dollar with another currency for travelers to the Islamic Republic of Iran - Page 2 Empty Re: Replacing the dollar with another currency for travelers to the Islamic Republic of Iran

    Post by Sponsored content

    • Back to top
      Current date/time is Wed 27 Nov 2024, 9:06 am