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ronscarpa

Saturday Morning Opinions @ 9:15 AM CDT - 8/01/2020

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Good Morning Dinar Vets, here's a few 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.  :twothumbs: RON

 

 

*** Dinar News Update ***  The Central Bank of Iraq has finally updated their market rates for the dinar.  It's been nearly two and a half months since the last update.  Their latest CBI officially reported market rate for the dinar for July 28th is 1238.916.  This is out of the the IMF's 2% rule with the official rate.  It's unknown why the CBI kept the market rate hidden all this time. (Actually it wasn't hidden, only not posted. I was available on their website in the rate in the Gold & Exchange Rates Download link, and you had to dig it out). It's unclear why they've decided to begin publicly updating again.  It's unclear why now...is there something significant about the end of July..? 
 
*** Pimpy *** ...man somebody is trying to score some major major brownie points with the United Nations.  Our boy Al-Kazemi is not playing around...it's nice to see when people actually get in government and care more about the people instead of themselves... Al-Kazemi Speech quote "..we have worked tirelessly to work on a comprehensive reform paper called "the white paper" that will revive the Iraqi economy, solve financial crisis...activate agriculture and industrial production, introduce projects to address these crisis and our unemployed youth, revive the market and put Iraq economy on the right track by stopping the waste and exploitation of the public money..."   Now there are a lot of people who really believe that the rate change is in the white paper.  But my thing is when is this "white paper" going to be implemented if that's the case? ...it looks like things are going in the right direction...

 
*** Adam Montana ***   Article:  "Al-Kazemi's visits to Riyadh and Washington were not canceledQuote:  "...tours of Prime Minister Mustafa Al-Kazemi of the Kingdom of Saudi Arabia, and the United States of America, existed and were not canceled.Taken from another site that ollows Adam's Opinions and posts snippets from them. You can see Adam's whole chat at: Adam Montana Weekly 29 July 2020
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I can think of at least 12 years that were good years to revalue, but, none the less, I'll take this year just the same.

 

GAUX RV !!

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    • By ronscarpa
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        *** Petra  ...The quietness of the CBI at this point in time tells me something is coming...our focus is strictly on the CBI and what Allawi, what Allaq and his team and Shabibi have to say and not the parliament.  But they did make a statement about revaluing and that is going to force the CBI's hand to participate in responding to that statement...I think we're in an exciting time. ********** MONDAY OPINIONS - 8/03/2020 ********** *** Petra  ...to be sovereign you have to be able to stand on your own two feet.  You've got to be able to support yourself...have your own currency and be able to use it internationally...to be part of the international community.  Why be a sovereign country if you can't direct you own sovereigns? ...so you have to be able to stand on your own two feet.  I think the fact that they are basically saying they are sovereign tells us they are ready to go...

        *** Militiaman  ...it's quiet.  Why is it quiet?  ...we should see something...from the CBI in a very short period of time...

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        ***  MilitiaMan  Article:  "Iraqi government implements wide-ranging security and other measures to secure border crossings"    I like the Past Tense component in this article. I also want to reiterate White Papers are a work in progress and develop and change over time...  They have apparently secured the borders and are actively increasing revenues and put the corrupt on notice. WE...read where they have 70 billion Dinars worth a month. They re-instate, that number is going to explode... imo...   ******************** From Thursday - 7/30/2020 *********************   *** Frank26  ...there's going to be a new CBI governor.  Allaq squealed.  Oh, my goodness did he squeal...he saved his rear end.  He was able to work with the United States...got rid of all those people who were stealing...

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    • By ronscarpa
      Good Afternoon Dinar Vets, here's a few 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

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      *** Mnt Goat ***   [Q? : Where do we stand today?] ...First, I want to re-emphasize that we will NOT see the RV in July. I know they did have plans to try to do it but even way back in early June they decided they could not piece it all together in time. They want a “level playing field” with the currencies in the middle east and so they are attempting to do it. Iran, once again, is the obstacle and causing delays on this process. ...I am possibly seeing a window in August but I do not see the CBI firming this as of yet. They are not taking the action necessary to progress in this direction. They should now be re-educating the public if this was the case. They are not. We might be heading for an early 2021 window again. We just have to wait it out and see. But we do know this nonsense of delay, delay  can not go on much longer...(post 2 of 2)...
       

    • By ronscarpa
      Good Afternoon Dinar Vets, here's a few 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
       
       
      *** Petra  ...the budget.  We haven't seen the budget.  They haven't shown the budget.  Why?  What's in the budget that they don't want to show us?  It's the rate.  It has to be..."coincidences" are aligning to demonstrate a great need for change.  And the "white papers" even dictate that the change occurs with the change in rate...I see a lot of alignment going on for now rather than later...There are a lot of coincidences aligning with a timed event that has got to be coming up here pretty quick. 


      *** Delta  ...what I'm expecting from the Central Bank to do - I'm expecting them to tell me the same thing what Allaq did in 2016.  Exactly a mirror like that announcement.  What he said at that time was in early 2017 we are going to lift the 3 zeros and introduce smaller denominations.  That's what I'm waiting for...They have to have a time-frame and based on the experience of the CBI they always give people a month, two months in advance...they can raise the value but in the case of Iraq they have to introduce lower denominations too and that is the problem.  That's why you need time to do that... 


      *** Jeff   ...March of last year...Iraq introduced us to the Financial Management Law...it's a tool that will be used to commission the rate change...this first article is an older one from March 20, 2019:   "Parliamentary move to raise the price of the dinar and maintain the stability of inflation"  ...they explain the Financial Administration Law to us and how it's...a tool used to commission the rate change.  Let's look at the article from yesterday Article:   "The Government and parliament are considering approving two budgets"  ...One for the remainder of this year and one for next year of 2021...  Quote:   "...expressing his belief there will be no federal budget for the year of 2020 and the government will complete this year according to the Financial Management Law." ..(post 1 of 2)...
       

      *** Jeff  ...this is huge...the Financial Management Law - that is the tool used to commission the rate change...they're telling you they're about to restructure their budget for the second half of this year under the guidance and control of the Financial Management Law...see how huge this is?...notice how they brought you the "White Papers".   Also notice how they went into great detail about reviewing the exchange rate and notice how they're doing this as they're finishing the first half of their year approaching the second half of their year.  September is red hot...this article is amazing...(Post 2 of 2)... 
       

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