ronscarpa

Added at 8:35 AM CDT: **** Mnt Goat ...they are now actually openly debating all the options as to what to do to save the economy of Iraq. Part of these discussions does include ending the currency auctions and the possibility of a “float” but, as we can see, they mean a float against other global currencies. You can’t float the dinar against just the US dollar as it is now solely pegged just to the US dollar. This is now a “fixed” rate. So the discussions evolved around a drastic change. By the way, the CBI has already announced it WILL NOT devalue the dinar as a solution...

Good Friday Morning Dinar Vets, here's another opinion & comment from MilitiaMan that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinion based on what seems to be happening in Iraq. RON **** MilitiaMan Article: "After Coming Under Heavy Criticism...The Central Bank Stops The Currency Auction" Now add in the meeting with Alak and the President on financial ongoing's. Then think about the upcoming meetings to vote on Cabinet, then add in the ISX is scheduled to open again on Sunday, then there is the SFA for the 10th - 11th. All the talk about the borders, taxes & tarrifs, fees all being electronic, the contracts adjusting for shipping costs by 07/01/2020 need to be in place by then. Those things need an international rate and pronto!! The convergence is astonishing! imo ...

Thanks Pitcher ... you noticed that too.... LOL..! 😄 Blessings - RON

Good Evening Dinar Vets, here's opinions & comments from Adam & Footforward that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Footforward ...at this point...In my opinion, this should happen in June. They want to do a ton of things economically July 1, and they need an RV for all of it...JMO..! **** Adam Montana These topics will get you up to speed on "the rest of the story" quickly: 1. Kazemi-Kazammi is not a Kurd, he's not "one of them", but the Kurds are supporting him. This has monumental potential: 2. Iran has lost their power. The "Iran factor" that has held Iraq back in the past is just that... the past. 3. Kazzami has reportedly made his picks, and Parliament should rubber stamp them next week. This is progress...They may not vote every one of them in, but 80% will be enough to move forward. 4. ...Parliament is working... Life is good, things in the desert look positive...! This was taken from another site that follows Adam's Opinions and posts snippets from them. You can read Adam's whole chat at: Adam Montana Weekly 3 June 2020

Thursday Morning Opinions @ 9:40 AM CDT - 6/04/2020 RON **** Adam Montana ...After a series of unsuccessful attempts at appointing a Prime Minister, Kazemi (RV Kazammy!!!) is approaching only two short months in office, but he's seriously kicking butt! We don't have an HCL agreement (yet), so we don't have an RV. But we are getting close. Kazammi is possibly the first political figure in a position to have a real chance at getting the HCL to pass. One of the reasons is stated on Wikipedia fairly well: Quote: "Al-Kadhimi was a vocal opponent to the dictatorship of the Saddam Hussein regime.[3] He left Iraq in 1985 to Iran then Germany and settled in United Kingdom and lived in exile for several years, yet is not affiliated with any of the Iraqi political parties." The HCL is a VERY polarized topic. In order for it to come together, a couple of opposing parties have to agree on it... and a neutral party as mediator is the best way to go. That's our guy Kazzami..! This was taken from another site that follows Adam's Opinions and posts snippets from them. You can read Adam's whole chat at: Adam Montana Weekly 3 June 2020 **** Mark [Iraq also said yesterday they were going to not float the new rate. that would manage it.] that is how I understand it. Managed Float and not a Free float. Fixed to an asset standard. That is a good indicator for us. REPOSTED HERE BECAUSE I POSTED IT AS MONDAY BY MISTAKE..RON

Another BoBo on my part...this is not Monday, but Thursday Morning Opinions - 6/04/2020

Good Afternoon Dinar Vets, here's opinions & comments from Jeff & Footforward that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Footforward ...[Footforward was asked if it would RV on a Friday]... RV won't ever be on a Friday...Not in Iraq...Friday is their Holy Day there. Nothing happens on that day. *** Jeff ...there's two things they got to do for the rate change. - 7 ministers of the cabinet. - Complete that agreement with Kurdistan and sign off on it. They're most likely to complete those the same week. The reason why they didn't do it today, it's real simple. It's because they have a rate change date already set and scheduled. It's done...the last remaining items they're theoretically the linchpin for the rate change. What they're going to do is finish these items in closer proximity to the timing of the rate change...when you see these items they are confirmation that the rate change is about to happen...you're right on the edge of the rate change. This rate change is not going into July. It's happening in the second half of June. The date is right in front of your eyes.

Good Morning Dinar Vets, here's opinions & comments from Adam & Mark that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON **** Adam Montana ...After a series of unsuccessful attempts at appointing a Prime Minister, Kazemi (RV Kazammy!!!) is approaching only two short months in office, but he's seriously kicking butt! We don't have an HCL agreement (yet), so we don't have an RV. But we are getting close. Kazammi is possibly the first political figure in a position to have a real chance at getting the HCL to pass. One of the reasons is stated on Wikipedia fairly well: Quote: "Al-Kadhimi was a vocal opponent to the dictatorship of the Saddam Hussein regime.[3] He left Iraq in 1985 to Iran then Germany and settled in United Kingdom and lived in exile for several years, yet is not affiliated with any of the Iraqi political parties." The HCL is a VERY polarized topic. In order for it to come together, a couple of opposing parties have to agree on it... and a neutral party as mediator is the best way to go. That's our guy Kazzami..! This was taken from another site that follows Adam's Opinions and posts snippets from them. You can read Adam's whole chat at: Adam Montana Weekly 3 June 2020 **** Mark [Iraq also said yesterday they were going to not float the new rate. that would manage it.] that is how I understand it. Managed Float and not a Free float. Fixed to an asset standard. That is a good indicator for us.

Thanks Adam...appreciated..!

Thanks Yota ... Who will monitor the Ministry of Finance..?

Iraqi to Rationalise Public Spending, Introduce Economic Reforms 3rd June 2020 - iraq-businessnews.com The Iraqi government says Iraq faces an immediate challenge caused by the decline in oil prices and the impact this has had on the economy and fiscal liquidity. Officials say that the impact of the fall in oil prices is compounded by other weaknesses caused by decades old policies of a command economy, and by the approach to the economy by successive Iraqi governments over the past seventeen years. These policies, they add, have led, amongst other things, to an exponential increase in the size of the public sector, low levels of private investment, mismanagement and administrative corruption. According to official figures, salaries and staff allowances in the public sector constitute approximately 60% of public spending, and this does not include other expenditure on daily activities of ministries, while spending on investment projects represents 2% of the budget. The figures show that the number of people employed in the public sector in 2005 was around 850,000, but the number of state employees has risen to more than 3 millions now, and this figure does not include contract employees or those on daily rates, costing Iraq US$36 billions annually, a ten-fold increase from US$3.6 billions annually a few years ago. The new Iraqi Cabinet announced the establishment of the Emergency Cell for Financial Reform to lead the response to the crisis, under the chairmanship of the Prime Minister, and with the membership of the Ministers of Finance, Foreign Affairs, Planning, the Governor of the Central Bank, the Secretary General of the Council of Ministers, and other officials as nominated by the Prime Minister. The Cell's mandate is to ensure financial liquidity, agree measures to rationalise public spending, diversify resources, and propose finance mechanisms for reconstruction and investment projects from outside government funding streams. As well as rationalising public spending, the new Iraqi government says it will embark on an economic reform programme in Iraq that includes: Supporting the expansion of the private sector and encouraging investment Introducing automation and simplifying procedures in the public sector Adopting a single budget account to monitor spending by ministries to reduce waste and corruption Expanding the electronic payment system for salaries, and pressing ahead with the e-government project Rebalancing Iraq's economic relations with all neighbouring countries Earlier this month, the Minister of Finance, Ali Allawi, said that cutting spending was essential, and that this will include reductions to the the benefits and allowances of state employees, including those of senior officials, but he stressed that the basic salaries of employees will not be reduced, and that any cuts will not include employees or pensioners who earn 500,000 dinars or less a month. Link: https://www.iraq-businessnews.com/2020/06/03/iraqi-to-rationalise-public-spending-introduce-economic-reforms/

Iraq Signs 2-Year Electricity Import Deal with Iran 4th June 2020 - iraq-businessnews.com Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021. The two sides signed the agreement during a visit to Baghdad by Iran's Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector, despite American pressure on the Iraqi government to reduce economic ties with its neighbor. Ardakanian in an interview highlighted the achievements of his one-day visit to Baghdad, where he signed the contract with the Iraqi Electricity Ministry. The new agreement, he said, covers 2020 and 2021, while the previous deals had lasted for one-year periods. He said Baghdad paid Tehran about $400 million - half of Iraq's due debts to Iran for electricity supply - thanks to the Iranian Embassy's follow-up efforts in the Iraqi capital. The minister also noted that he discussed with Iraqi officials a three-year cooperation plan earlier signed between the countries' private sectors to reconstruct Iraq's electricity industry. He further announced plans for a visit by Iranian technical teams to Iraq next week to pen two important agreements on reducing power grid losses and repairing electricity equipment, according to Press TV. Heading a delegation of electricity experts, Ardakanian visited Iraq on Wednesday and held meetings with senior officials, including Prime Minister Mustafa al-Kadhimi, President Barham Salih and Electricity Minister Majid Mahdi Hantoush. The Iraqi Prime Minister's office said in a statement that Kadhimi had, in his meeting with Ardakanian, stressed Baghdad's willingness to develop the best of relations with its neighbors. The two sides exchanged views on cooperation opportunities in the energy sector and boosting bilateral ties between the two neighboring states, according to the statement. Kadhimi also underlined the need for maximum efforts to resolve complicated problems gripping the region. Separately, the Iraqi president's office released a statement on Ardakanian's meeting with Salih, saying the latter called for bilateral interactions, especially in the fields of electricity and water. The two officials, the statement read, also explored ways to enhance bilateral relations in all sectors in line with mutual interests. Iraq and Iran share a 1,400-kilometer-long border. Except for gas and power, Iraq depends on Iran for everything from food, fruits and vegetables to machinery and home appliances. Iranian energy accounts for between 30 and 40 percent of the electricity consumed in Iraq. Over the past months, Washington has been pressing Baghdad to stop buying natural gas and electricity from Tehran as part of its "maximum pressure" campaign aimed at choking off Iran's revenue. Illegal US sanctions are preventing Iran from repatriating its money. Last month, Iraq's former electricity minister Luay al-Khatteeb said Iran will remain a key source of energy to the Arab country for years to come until suitable alternatives materialize. Link: https://www.iraq-businessnews.com/2020/06/04/iraq-signs-2-year-electricity-import-deal-with-iran/

Good Evening Dinar Vets, here's opinions & comments from Pimpy & Petra that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy ...there are a lot of reason to be excited about this month...I'm noticing that some of the so-called gurus are already making excuses saying...it's the riots. It's just gonna be one excuse after another. Someone asked me, 'do you think all these things are happening to prevent the exchange from changing?' I don't think one has to do with the other. But if I was Trump and I wanted to quickly squash all the rioting and get everybody happy again - make the rate change happen. That would definitely be a distraction from everything that's going on. We are in June now. We are in the summer months. We're going into the second half of the year. Trump promised us a good third quarter and even more explosive fourth quarter and a better 2021. We're all expecting the same thing and that is to see a rate change... *** Petra ...clearly to me there is a change going on in the process with the Iraqi dinar...it's all culminating to what we're seeing right now and that is the imminent change of the Iraqi Dinar. To me it's very clear.

Any time Stanley, It originally came from his website (and don't ask)..! Ron

Good Afternoon Dinar Vets, here's opinions & comments from Delta & Breitling that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Delta ...this is what the media is telling everybody in Iraq right now...they're about to come out with a new exchange rates...they're going to implement the financial reforms and currency reforms and they're going to change the exchange rate of the IQD...it doesn't get more crystal clear than this... *** Breitling ...Iraq is so on the edge of adding value to their currency. I'm waiting for more information coming in.

I'M NOT SURE FLORIDIAN ... LIKE YOU SAID, "So much happening, I can't keep track."

Added at 10:00 AM CDT: u Pimpy ...I can't help but be impressed with the speed and due diligence of al-Kazemi. He's really doing what he needs to do to make sure that Iraq is becoming stable and preparing for the future. It's really impressive... What happens in the middle of this month? Yes that's right the big meeting is going to take place therefor we must have all our ducks in a row and I absolutely feel positive that the cabinet will be completed before Americans show up...not only is he filling his cabinet but he's passing laws. This guy is unbelievable..!

Thanks 64jaguar ... my head must be where the sun doesn't shine...LOL..! RON

UPDATE: The CBI and the ISX are both still closed ... this is unprecedented ... could it be a harbinger of things to come..? The last CBI Auction was on June 21st. RON

Good Morning Dinar Vets, here's opinions & comments from MilitiaMan & Frank26 that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "The government is preparing to issue a new reform package mid this week" Wednesday (today) there is to be meetings on the Laws needed for many things that include Laws for Monetary Reforms. I suspect that since they have been talking about the 2019 FMLA and the secondary markets it will be a day to watch close. ...the reforms need the international rate to be applied to the currency to facilitate the ability for the IQD and the ISX to interlink internationally... *** Frank26 ...we told you there would be a trickling of information down to the citizens. They're talking to the citizens on television about the exchange rate. Adding value to their currency...information is flowing very rapidly right now ladies and gentlemen. I mean it's just as obvious as can be...!

Good Afternoon Dinar Vets, here's opinions & comments from Delta & Petra that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Delta ...everybody knows I watch...the Iraqi channel. I speak the language. That's old news for you...there was this information coming up from Iraq channels and the Central Bank of Iraq they're coming out with new rates and the new rate is going to be...managed, not float. Then last night one of the financial committee of the parliament...he had an hour and half interview with one of the major Iraqi channels...it is just amazing...he mentions...that they're going to change the exchange rate. I know some of you might ask, 'Did they say that on live TV?' Of course they said that. There's no secret anymore that they need to change that...this is unbelievable!...I'm not exaggerating. No. *** Petra ...Fantastic news. Its coming together in a culmination of education. The fact that they're under curfew and then what do they [Iraqi citizens] do? They sit and watch TV. What else are they gonna do? And they hear a presentation like that informing them on what's coming [Reference Delta's Post above]. It's all part of the process. It's all part of the fact that they're kind of forcing education on them. I still think they need some time to ask questions and to go in and do their exchanging if they wanted with the new smaller category notes when those come out. I think all this information is great... Sounds good to me ... let's hope they do it quickly and soon..! RON

Good Afternoon Dinar Vets, here's opinions & comments from MilitiaMan & Mtn Goat that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "Political movement to choose a foreign minister before the strategic dialogue with Washington" Quote: "Prime Minister Mustafa Al-Kazemi wants to complete the vacant ministries as soon as possible, indicating that the delay is due to deep differences between the political blocs" There you go... The pressure is on and and big time. The 10th is not far off. imo They need time for the minister to see the files that they will discuss at the SFA meeting... More good stuff for us... imo... *** Mnt Goat I am still hearing from the CBI that they fully intend to complete the project to delete the zeros and do it much sooner than later. But I have no official article or announcements yet from the CBI in this regard. I was told we should see some announcement soon of the progress and what they intend to do next. We still wait for this from the CBI. It is supposed to come out this week.

Good Afternoon Dinar Vets, here's another opinion & comment from Pimpy that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinions based on what he perceives to be happening in Iraq. RON **** Pimpy ...There's a lot of things happening in Iraq that I can't help to think to myself I'm not sure how they're gonna do these things or how any of these are gonna be possible without having a currency that's not recognized internationally. I just don't know how some of these agreements that they're getting into are going to be able to be fulfilled without having their currency rate changed or at least recognized internationally. There is some type of conference that's coming up in July where they open up to the rest of the world to come on in and think about investing into Iraq. There is going to be a plethora of nations invited and I have a feeling you're gonna see a lot of them come. Having said that it's gonna be really hard for this to be accomplished if they don't have a currency that's recognizable internationally...

Good Morning Dinar Vets, here's another opinion & comment from MilitiaMan & Kaperoni that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "The government is preparing to issue a new reform package mid this week" Wednesday there is to be meetings on the Laws needed for many things that include Laws for Monetary Reforms. I suspect that since they have been talking about the 2019 FMLA and the secondary markets it will be a day to watch close. ...the reforms need the international rate to be applied to the currency to facilitate the ability for the IQD and the ISX to interlink internationally... *** Kaperoni As for the dinar's value, it is not at a program rate. That is guru's taking a directive from the IMF and misrepresenting that meaning. The dinar exchange rate is it's real rate... The currency is already an internationally-recognized currency they just haven't accepted IMF Article VIII making international banks more willing to want to engage in commerce with it.

Good Evening Dinar Vets, here's an opinion & comment from Mtn Goat that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinion based on what seems to be happening in Iraq. RON **** Mnt Goat Article: "THE NATIONAL: SENIOR IRAQI OFFICIAL LAYS OUT JUST HOW BAD IS COUNTRY’S FINANCES" So again we hear news about the necessity for Iraq to bring in investors and move to a private sector economy, taking pressure off the GOI to pay out these salaries each month. Why not let the private sector pay these salaries? But this will not come unless the investors flock in and this will not happen until they know that Iraq has a stable, global currency that can be easily exchangeable to their own currency of their country. When will Iraq reform their currency and get out of this program rate and 3 zero notes? They have gotten so used to surviving off the US dollar now it is hard to move from it.