Friday Night Opinions @ 10:15 PM CDT - 7/03/2020

[ronscarpa]

Good Evenig Dinar Vets, here's several 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

*** Mtn Goat   ...I know for a FACT that it is not the CBI so much that is holding back the currency reform portion of the reforms but the “powers to be” (PTB) who may feel Iraq is not yet ready and the Iranian influence and corruption is still not under the desired control. Iraq still also needs to make good on its promises to diversify and get off of oil as it’s sole source of revenue. There have been mandates handed down to Iraq to implement before they can or will get back their currency...

 

 

*** Footforward   [Q? : ...that the finance committee in conjunction with the CBI has re-issued bonds to cover the 3months beyond July - Sept for the salaries. So the pressure is off and we may have to wait a bit longer to see the reinstatement.  ...what do you...think about this statement?]  [Reference Mnt Goat post 7-3-2020]   I absolutely disagree. No one in their right mind would give Iraq a loan of any kind and they had been rejected over and over for loans until the white papers came out. Now suddenly, even Mike Pompeo says they will lend them all the money they need? The people loaning them money have an assurance they will get their money back. With oil prices being so low, the only thing that makes sense is an RV. That's my opinion...(see Mtn Goat post referred to following below):

*** Mnt Goat   ...There is now NO sign from the CBI they are doing any actions for a near future RV for the rest of this year. Sorry!   For some time it was looking as though we might have a pretty good chance but that chance was killed this week. Now that the finance committee in conjunction with the CBI has re-issued bonds to cover the 3months beyond July - Sept for the salaries. So the pressure is off and we may have to wait a bit longer to see the reinstatement. Maybe January 2021 is coming back into view? Just saying…(Reposted for above comment)..

*** MilitiaMan   Article:  "Specialists warn of the repercussions of the devaluation of the dinar"   They are beating this into peoples heads... They are not going to devalue the currency... End of story. They are going to go to a market economy. That requires Article 8 compliance...imo. Article 8 compliance is to raise the value of the IQD. imo.

 

*** Delta   ...they can not go international without them increasing the value...not for the sake of it all but because Iraq is in a unique situation and they have to.  One of the stipulations put on them long time ago in order for you to go international you must...lift the 3 zeros from your exchange rate the same way they added the three zeros.  Now they have to take those three zeros off in order for them to be accepted internationally...

 

Have a happy & blessed July 4th weekend ... RON  

[Pitcher]

Thank you Ron.