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

[evan@protest.net]

I have to say how much money is needed right away? Because sending western
union is about the worse way to send it. They take a huge precentage and
make their money off of ripping off immigrants.

I know Blicero and JB are going to POA on the 18th. Perhaps we could
transfer the money to their account or somebody else's who we can easily
transfer money to.

-evan

On Tue, 14 Jan 2003, Luis wrote:

> 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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