Tuesday Afternoon Opinions @ 4:10 PM CDT - 6/23/2020

[ronscarpa]

Good Afternoon Dinar Vets, here's other opinions & comments 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's been a lot of chitter-chatter about the IFEX conference...It was Allak who spoke about the dinar during the conference.  This is what Allak said. The dinar must first be stable in the country before it can be international.  But he also said... Iraq was open for business and that he encouraged outside investors to come in...We also know...if they're gonna come in and do business a couple of things must happen.  One is Iraq has to have an internationally recognized currency.   There is no "ifs" "ands" or "but's" about it.  Not only that you have to change the rate in order for outside investors to come in or it's too expensive.  Sure the labor is cheap in country but importing good from other countries that they will need to get their businesses going it's just too costly.  So rate change is gonna have to happen...

 

 *** Footforward    I have a pretty good idea on what the rate will be.  It's just the date...That I'm working on. I've said for a long time it will be over $3.50 in my opinion. I can't get more specific then that... He seem to have forgotten the fuss raised by Kuwait when the IQD was to have revalued back in 2010 (and the following years). Part of the  discussion was that Iraq couldn't revalue at a value above or equal the KWD (which is now at $3.29) as part of the resolution of war reparations...!  If I'm not mistaken, Iraq still owes Kuwait about $7 billion. Besides, only Shabibi would be able to pull off any substantial value over $1.15 -- Just food for thought ... RON 

 

[Pitcher]

Thank you Ron

 

The Gurus are putting in some overtime today.  

[Linda Bower]

I could handle $3.25 if Kuwait insists on Iraq's exchange rate being lower than their's.

 

[happygilmores]

I would take $1.15 and run!!!