8-13-2013 *Frank26

[Vixen]

8-13-2013 *Frank26 [via BulldogFord65] ~The 2013 budget does not have the rate, but the 2014 – 2018 budgets do have the new rate. In Frank’s OPINION, IN COUNTRY, the rate will be 1 IQD:1 USD; $0.00086 is the current rate IQD:USD move the decimal 3 places to the right, and it’s $0.86; the program rate is 1166, move 3 decimals to the left, and it’s $1.16 USD to IQD but this will not satisfy the budget! A minimum rate of $3.22 is needed to meet the budget; in 2004, the IQD was lowered in value; due to inflation, adding 20% to the rate from 2004 is necessary, and adding 20% takes the number to $3.86; these numbers make sense; it’s not a rate it’s a study and calculation!