Pastor Rick Email: Thoughts about DOHA

I read the RUMOR about “source spoke with DOHA bank in Kuwait offering 352,982 Kuwait for 1 million IQD”  and going on to suggest that the exchange rate was .35 instead of 3.52, etc.  To me, this is a clear indication of people who don’t know what they are talking about.  Unless I absolutely do not understand what is being said, it seems to me that they have missed the conversion of KWD to USD before they tried to figure out the exchange rate.  Consider it this way…

The current exchange rate between KWD and USD is $ 3.5536 USD / KWD.  If DOHA bank is offering 352,982 KWD for 1 million IQD, that is an equivalent of USD $ 3.5537/KWD x 352,982 KWD = USD $ 1,254,392.13 for 1 million IQD which results in an exchange rate of $ 1.254 per IQD.

If I am correct, it shows that these guys are clueless in their post and the statements are baseless.  If I am wrong, just ignore this message.

Just thought I would share that with you for you to do with as you see fit on DDT.

Blessings,

Pastor Rick