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Sunday Morning Opinions @ 8:38 AM CDT - 6/21/2020


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Good Morning Dinar Vets, here's a few opinions & comments by Mtn Goat & 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.  :twothumbs: RON

 

 

**** Mnt Goat   Article:  "AL-TAMIMI WARNS OF MAJOR FINANCIAL CORRUPTION DURING THE NEXT 6 MONTHS"  Quote: "The Information", that "not approving the budget will lead to the loss of a lot of money, AS THERE ARE NO ACCOUNTS FOR WHAT GOES INTO THE TREASURY AND WHAT COMES OUT OF IT. You can bet that there will be no reinstatement under these conditions as the funds would not be safe if they did decide to put the dinar back on the trading platforms. We do know however they fully intend to do this soon but when? Again I am telling everyone to RV the currency under these conditions is not going to solve all of their problems, and in fact may only make them worst.

 

 

**** Kaperoni   Only when Iraq passes laws and creates the conditions for foreign investors to come will the Central Bank be in a position to improve the value of the dinar via a float as the economy grows.

 

 

**** NOTE:  The Al-Tamimi Law Firm wrote the Anti-Money Laundering Law (AML) in 2015 - so this appears to be a warning by the firm. I couldn't find anything else relating to this article referred by Mtn Goat. Remember, Shabibi told us years ago that there would be lots of mis-information prior to any rate change to keep everyone off balance...RON :salute:

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