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Showing results for tags 'opinion'.
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Good Evening DV, here's an article & opinion that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RO *** MilitiaMan *** Article: "Agenda for the parliament session next Monday" Quote: "The House of Representatives announced, on Saturday, the agenda for its session scheduled for .next Monday, at 3 pm The agenda included 9 paragraphs, including the completion of the second reading of the 2021 Budget Law" ...They told us they had 72 hours for to be ready for the second reading of the 2021 budget. Well they have sped that up to Monday, 24 hours. They need to do a positive change to the exchange rate at the same time of the HOR meeting or real close to it. ioo ... Looking very good, very! imo.
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Good Evening DV, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat *** Article: "AL-KAZEMI: STOP BIDS AT THE EXPENSE OF IRAQ " Quote: "THE YEAR 2021 IS THE YEAR (THE IRAQI ACHIEVEMENT). WE WILL ALL REACH THIS ACHIEVEMENT QUICKLY AND EFFICIENTLY, AND THE STATE WILL PREVAIL. IRAQ WILL TRIUMPH OVER ALL CHALLENGES." I have said this before that this is Iraqi’s last chance for the needed reforms. There will be no other opportunities. Heh, didn’t they tell us recently that they planned on a 5% GDP in 2021? That's all for today folks ... blessings ... RON
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Good Evening DV, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "An advisor in the central bank determines its orientations regarding the exchange rate and the possibility of changing it again" ...technically what they said [before] was they would only devalue the dinar one time not change the rate...I thought this devaluing of the dinar was only a short-term thing. It just didn't make sense to me especially since they had so much building to do and how it disproportionately affected the poor. So now it looks like there's already going to be pressure on them to go ahead and decrease the rate so the value goes back up for dinar holders... That's it for tonight ... Blessings ... RON -
I saw this article this morning.....all I could thinknyo say was LOL. Another Junk Currency, the Iraqi Dinar, Bites the Dust By STEVE H. HANKE December 22, 2020 4:36 PM Iraqi Prime Minister-designate Mustafa al-Kadhimi delivers a speech during the vote on the new government at the parliament headquarters in Baghdad, May 7, 2020. (Iraqi Parliament Media Office/Handout via Reuters) On October 15, 2003, Iraq began to distribute new dinar bills, graced with the likeness of an ancient Babylonian ruler and a tenth-century mathematician. By January 15, 2004, new dinars replaced the two types of notes that were in circulation. Old Saddam dinars were swapped for new dinars at a one-to-one rate, and each so-called “Swiss” dinar fetched 150 new dinars. Bank accounts and contracts were converted at the same rates, and Iraqi salaries began to be paid in crisp new notes. The new currency became convertible into foreign currencies at market rates. Iraq’s currency swap was heralded with great fanfare in Baghdad and Washington. As President George W. Bush put it: “The new currency symbolizes Iraq’s reviving economy.” Not so fast. Iraq has lacked law and order, let alone the rule of law. Without these, we should never have expected the new notes to ignite an Iraqi Wirtschaftswunder. They most certainly have not. Indeed, the neoconservative Paul Wolfowitz, the former Deputy Secretary of Defense and engineer of the Iraq War infamously predicted on March 27, 2003, in front of the U.S House Appropriations Committee that “There’s a lot of money to pay for this . . . the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three years . . . We’re dealing with a country that can really finance its own reconstruction, and relatively soon.” Anyone who believed in this nonsense must put great faith in the Tooth Fairy. Just look what has happened to Iraq’s junk currency, the Iraqi dinar. On Saturday, the Central Bank of Iraq announced a whopping 20 percent devaluation of the dinar. So, next week’s “Hanke’s Currency Watchlist,” which is nothing more than a rogues’ gallery of junk currencies, will include the Iraqi dinar: This brings me back to September 2003, when I recommended that Iraq replace the dinar with the U.S. dollar. If dollarized, Iraq would then have returned to a regime that it used from 1916-31, when the Indian rupee was its legal tender. The adoption of a stable international currency would have avoided the pitfalls of Iraqi central banking and would have immediately provide Iraqis with stable money. And, while stable money might not be everything — without it, everything is nothing. https://www.nationalreview.com/corner/another-junk-currency-the-iraqi-dinar-bites-the-dust/ -
Good Morning Dinar Vets, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** [Question: "Why are they [US and Iraq] going to do the first currency swap at a program rate?"] ...IMO it's brilliant...the first swap is to be advantageous to Trump and the Untied States of America and the American citizens and tax payer...The first swap at the program rate fills in the cupboards of the United States Treasury with a low costing dinar...Then a second swap at a new rate fills not only the CBI with their financial potential for their economy, citizens, International trade, all of this but it also acts as a loan fill-ins for the budget...IMO the 2021 budget will come out ready with a new exchange rate...Trump is doing like we did [getting dinar at a low price]...
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Good Evening DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** Article: "Parliament clarifies the fact that the government entered into negotiations with the International Monetary system to reduce the price of the dinar" ...Quite a few articles coming out telling us that Iraq wants to launch and boost their economy. They want to improve their exchange rate...this article is telling you that all of those statements talking about devaluing the Iraqi dinar are complete BS unless it is stated directly from or by the Central Bank of Iraq...they're telling you they do not have intention of devaluing their currency...
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Good Evening DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mtn Goat *** ...the CBI will NOT deviate from the process. This is the process as outlined by Dr. Shabibi in 2011...The only variable is what happens if they do find inflation is taking off in Iraq. This may delay the reinstatement a bit. This could cause problems. But, we wait and watch, that's all we can do..!
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Good Evening DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "Clarification regarding the Central Banks decision to control the dollar exchange rate and the reasons for its recent jump" ...Notice that everyday more and more talk. It's not going out too much on a limb to say that it looks like Iraq between now and the end of the year plans on doing some type of rate change. What it is we don't know...We all know when for every dollar that we spend then we get back 1190 Iraqi dinars. That's how it's supposed to go. But there's been some changes happening on the open market over there within Iraq. They're saying it's mostly due to speculation of a rate change especially now that they're talking about it...
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Good Afternoon DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** ...There is a lot of talk about the rate change. This whole past week has been crazy. Real crazy. Lots of articles about the rate and the rate change...and it's been back and forth. We heard they want to lop the zeros off...devalue the dinars...I told you guys it makes no sense. There's been lots of studies done that show that that's not a good move for Iraq because it effects the poor and devaluing your money is really bad when it comes to increasing the amount of debt. Now lopping the zeros off the exchange rate would be a huge benefit for us. There's been a lot of indications that that is the direction they plan on going to. No, we don't know the date. No, we don't know the rate...But they explained several times why they will not devalue the dinar...!
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Good Evening DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Breitling When they start adding value to the currency it's going to be the same with Trump or Biden. But what's going to determine its final outcome is a different path. For Trump it's a long term deal. For Biden it's probably going to be a short-term deal. And that's how you have to look at it.
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Good Morning DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat *** ...currency auctions are going to stop soon and they are going to issue the newer notes for lower denominations in Iraq. They are more than ready. I have talked to my CBI contact this week and I was told they will have the “green light” very soon. They are making their last preparations.
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Good Morning DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** I'm happy. I'm excited...I know I know we've been patient for years but when you see the shore line what's the sense of jumping out of the boat and swimming? Why didn't you jump out of the boat when we were in the middle of the ocean and swim to shore? Be patient. We can see the shoreline. We're about to dock...Iraq is about to enter the international world...
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Good Morning DV, here's an opinion & comment by Petra that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Petra *** Article: "The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities" Quotes: "The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties."; "the two sides agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves." Who better knows they are under Article 14 and cannot transact internationally...unless? So why make this commitment of investment? It's a rhetorical question! And yes, of course they would know about the rate change because they are the ones who will notify all the other CB's around the world when it is formally announced by the CBI. Somethings coming!!! Watch the CBI!!!
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Good Afternoon DV, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Footforward *** They need international investment. They need that for a revaluation to happen. The RV can't be sustained without international investment coming back into the country... *** MilitiaMan *** Article: "Finance: the automation system will enhance the management of the financial position" ...They cannot go live with this automation without being article 8 compliant...The CBI is talking about major and influential reforms.. Well, imo being article 8 compliant to get hooked up with this new system with upwards of 80 - 90 countries and to be influential suggests that they are going to be serious and competitive in trade... IMO! They have no way to go but to go Article 8. They are in cooperation with the UN. They minister was given the go ahead to negotiate the contract. Well, he is not going to show up with out knowing what to fill in the spread sheet in (IQD= / $) with...So lets see what they do. My bet is there is no turning back now...imo. *** Mark *** ...the banks over there…bringing their staff up to speed for a change in value. I am told the plan is to change the value by an Revalue or reinstatement. After there is a change in value – then they redenominate…meaning they release their lower denomination bills...If they do a reinstatement my understanding is they go back to their original rate and figure in consumer pricing, and inflation…so I believe the old rate was $3.22. So adding in a bit more for inflation gives you a rough idea what the street rate will be.
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Good Morning DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** I don't know if you guys have noticed the level of articles coming out. They have ending and completion written all over them. There was one article this morning talking about Iraq joining the World Trade. They could only do that when their currency is internally recognized. There's a second one talking about the only way to revive Iraq's economy is to reform the banking sector to promote and launch investment...These articles...have ending and completing all over them as Iraq reaches the end of that borrowing law...
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Good Morning DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Delta *** ...they say when Iraq goes back internationally they have to go to the pre-war...that's about $3.22. They're talking about a reinstatement...it's a one way street. There's no going back. You can see the urgency and rushing to finalize this...because they know when they release the value and go international whoever becomes the president in the U.S. they cannot change that anymore because it's a one way street. If they go right now, to say 1 to 1, they cannot come back and say we're going back to 1200 dinar. It doesn't work anymore...they are moving very fast...they have to finish and finalize the new rate.
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Good Evening DV, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat *** Article: "ASIA TIMES: ASIA-PACIFIC COUNTRIES SIGN WORLD'S LARGEST TRADE PACT ... INCLUDING VIETNAM, INDONESIA " Vietnam is getting into the same situation as Iraq . Unless they release a rate it will be hard to do business in Vietnam with all these zeros. This is one to watch. I have proof that the Dong was scheduled to revalue way back in 2011 and was held up due to money laundering for China . But that was 9 years ago. It is way overdue to revalue.
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Good Afternoon DV, here's an opinion that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** One of the steps in positioning the money is the rate change. But they needed to know the cost of the reforms first so that's what they worked on through the Borrowing Law...The borrowing law is the last step before the rate change. So far they've done all three readings of the borrowing law. The next step we need to see is the President signing off on it. He'll most likely do so this week by Saturday the 21st. When they do that they can officially change the rate at any time...(Post 2 of 2)..
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Good Afternoon DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** A good article came out: "Kurdistan Region Ready to Submit All Its Oil To Baghdad If Given $753 Million Monthly: President Barzani" ...the president is about to sign off on the borrowing law notice how they bring this back...they're clearly telling you that's why they stopped talking about this. They had to put it on the shelf till they had everything farther positioned getting ready for the rate change. That's what this whole step is waiting and dependent on. And now they're bringing it back. And they're bringing it back right when the president is preparing to sign off on the Borrowing Law. Remember that is the last step and delay we're waiting on to see the rate change and they're proving that and showing you that through these steps and actions right here...
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Good Morning DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** We're looking for two things this week. We're looking for the President to sign off on the borrowing law. That way it becomes legal and binding. That would be the first step. At that point they can change the rate at any time. But once they come out and tell you when they plan to make the payment on those salaries the rate has to change before that. It's as simple as that...
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Good Morning DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy ***...make sure you take all the information you get and filter it through all of it and you make your own decision on what is crap and what isn't. I don't want you to feel down about if Biden gets in "will an RV happen?" That is the talk if I'm being honest but again that's only from a couple people. Then on the other group of people are going, nothing is going to change...It's going to happen period. It's split down the middle. Half the people say yeah it going to happen regardless. Then the other half are saying hell no. We don't know. No body knows my friends. Only the people who are supposed to know...are the only people who know. Until they let the world know. No body knows. So don't get down on it...let's keep positive...
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Good Evening DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan ***...Kadhimi talks of Salaries in the same breathe as the funding of the Kuwait projects. The question is, with the international borders opening and the automation of payments for taxation, salaries, fees, etc, will they have a program rate associated with new opening internationally or will the new issue be different? They did not implement the monies for upwards of three years now? Why now? Well, if Iraq is to be fully article 8 compliant they'll need the rate to change to reflect that. The borrowing law was legislated and is to be enforce. That suggests they have the ability to borrow. But, liquidity suggests that couldn't be done at at program rate...imo.
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Saturday Afternoon Pimpy Opinion @ 5:35 PM CST - 11/14/2020
ronscarpa posted a topic in Dinar Rumors
Good Afternoon DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Newshound Pimpy *** This is my opinion and my opinion only...whatever is going to happen needs to happen quickly...the truth of the matter is whenever the discussion of the rate change happens, it's done in a very very small group of people. If they decide to do it, one person will call it and make it happen. You won't even be aware of it until people start blowing it up all over social media. We have no idea what's holding it up or why it hasn't gone forward. There is a lot of speculation that it might happen between now and the end of the year...I understand why. That would be nice. But there is no proof of that...So, stay grounded..! -
Good Evening DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** JJimmyJJ *** Article: "Details of the financial deficit financing law in Iraq" IMO, everything is now done, and they got it [borrowing law] done in time for the GOI and CBI to roll it out before the end of the month (hopefully this weekend(!)...). The important thing, I think, is that it is done and the fab 4 are happy, that there is a sense of urgency sufficiently strong to get them to do something unprecedented, and that now the announcement can be made per their schedule. This is a glorious day!
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Good Evening DV, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Delta *** Article: "Iran begins deleting zeros from its currency and a new banknote" [Q? : Delta, Could you clarify what significance this article has on our investment.] TIMING...SOME COUNTRIES WILL DEVALUE SOME WILL RV...IMOO.
