Estimated Value the Dinar Can Support (based on....) ~ ty wjj for your calculations!

# Thread: Estimated Value the Dinar Can Support (based on....) ~ ty wjj for your calculations!

1. ## Estimated Value the Dinar Can Support (based on....) ~ ty wjj for your calculations!

This is an estimated value that the Dinar can support based upon currently published numbers relating to the assets currently known and controlled by the government and banking system of Iraq.

First a list of estimated assets:

• 150,000,000,000 barrels of oil in the Iraq fields
• 112,000,000,000 cubic feet of natural gas in the Iraq fields
• 74,000,000,000 foreign currency
• 37 tons of gold
Now for additional published information that play into the formula:
• Estimated 29,000,000,000,000 dinar in circulation worldwide
• Basil III only requires a bank to maintain 10% of the value of a countries assets for valuation purposes
• Price per barrel of oil \$90/barrel based on the number in the Iraqi budget
• Price per 1,000 cubic feet of gas at the wellhead \$3.00 based on average price in the U.S.
• Price per ounce of gold \$1,400
Total value of assets:
• value in oil: \$13,500,000,000,000.00
• value in natural gas: \$336,000,000,000.00
• value in gold: \$1,665,408,642.80
• foreign currency assets: \$74,000,000,000.00
• estimated total asset value: \$13,911,665,408,642.80
Basil III requires %10 value of assets to back funds effectively this means you multiply the value of the assets by 10 to have the actual backed value so that makes it:
• Banking asset value of \$139,116,654,086,428.00
• Divided by the number if dinar in circulation and estimated 29,000,000,000,000 dinar
• Provides an actual estimated dinar value rate of \$4.80/dinar +/- bank spread estimate at 17% for exotic currencies
• Estimated street exchange rate of \$3.984/dinar
This easily falls within the thought of the dinar coming in to +/- \$.50 of the Kuwait dinar.
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2. Tap for new views. Thank you tjj.

3. Over 1.00 or 3.00...in many yrs it can be but imo thats not gonna happen right out of the gate we be extremly lucky if we get a 1\$ extremly lucky if we got a dime or a quarter too they have only about a 16th of there infrastructure if it was 100% then yeah maybe not happenin right now

4. Gail123, my valuations are based on the published asset values managed by Iraq and the CBI. The rebuilding of the infrastructure will greatly enhance the longevity and sustainability of the rate just based on known assets the rate predicted should be supportable. I am not making promises about what they will come out at but I will say that if the come out low they will loose a great deal more than if the come out at a reasonable rate close to it's asset backed value. Just a side note and update on my calculations: According to new numbers put out over the weekend 6/16 the reserves of foreign currency will be up from \$74 billion to \$80 billion by the end of July and the IQ in circulation has grown from 29 trillion to 33 trillion IQD. This has an overall negative affect on my original estimation of value represented here: