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To: freepersup
Thats using the exchange rate that Saddam has fixed by decree. In the open market US$1 will get you 1000 dinar. And if you buy dollars, you probably have to plunk down 1500-2000 dinar to get US$1.

May be a lot higher nowadays too.
27 posted on 03/29/2003 3:42:05 AM PST by eabinga
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To: eabinga
Just checked some expatriate worker pages and it appears $1USD = 1,850 Iraqi Dinar in the real world.

And there was this:

"Exchange rates: Iraqi dinars (ID) per US$1 - 0.3109 (fixed official rate since 1982); black market rate - Iraqi dinars (ID) per US$1 - 1,900 (December 1999), 1,815 (December 1998), 1,530 (December 1997), 3,000 (December 1995); subject to wide fluctuations"

100,000,000 Dinar = $321,646,831 USD official rate
100,000,000 Dinar = $52,631 USD black market rate

93 posted on 03/29/2003 8:47:32 AM PST by angkor
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