[Imc-finance] IMC Brazil funding request: today's currency convertion rate

[frank]

Western Union?  Yikes!  They take 15%!  That's $725 US.

Frank


----- Original Message -----
From: "Luis" <luis@indymedia.org>
To: <sascha@ucimc.org>; "IMC-finance" <imc-finance@lists.indymedia.org>;
"IMC-wsf" <imc-wsf@lists.indymedia.org>
Cc: <miguel@indymedia.org>
Sent: Tuesday, January 14, 2003 3:13 PM
Subject: [Imc-finance] IMC Brazil funding request: today's currency
convertion rate


> Hey Sascha and all,
>
> So was the proposal approved? If so, what information do we need to send
you
> in order to receive the funding?
>
> I think we will have to try to get it through Western Union because we
need
> this money really fast. But Miguel knows more about this than I do since
he
> was the one talking with the banks and all.
>
> And about the currency convertion rate (on the proposal I said I was going
> to tell imc-finance the latest convertion rate before Sascha sent the
> funding). So at the time I wrote the proposal, the dollar was worth 3.5
> reais and that was the convertion rate I based the proposal on. But today
> (only 10 days later), the dollar is worth 3.25 reais. So with today's
> convertion rate we ask for
>
> US$3,910 for the proposal A (IMC Brazil national meeting and WSF coverage)
>
> and
>
> US$925 for the proposal B (to buy a video projector for the Rio de Janeiro
> collective)
>
> That is US$345 more than we requested on the funding request. But I hope
you
> will understand that this is not our fault. This huge currency fluctuation
> is been caused mostly by Lula's election in october. We didn't imagine
that
> the fluctuation would be so heavy on these last 10 days.
>
> Thanks for all your support and we hope we will be able to pay back part
of
> what we are asking for.
>
> Luis,
> CMI Belo Horizonte, Brasil.
>
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