Saturday Evening Opinions @ 6:36 PM CDT - 8/29/2020

[ronscarpa]

Good Evening 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're simply stating their opinions based on what  they perceive to be happening in Iraq.  RON

*** Pimpy *** ...A lot of progress going on in Iraq.  Article: "Representing the Kurdistan Region in the Iraq negotiating committees in the strategic dialogue with America"  This is what impresses me the most about Al-Kazemi's administration...his willingness to just get in there and get things done.  It's been outstanding.  This is great news for both our short-term and long-term investments...when it comes to the Iraqi dinar anything and everything that gets these guys back on their feet and helps build their economy is a benefit to us...this is a huge step because that shows Al-Kazemi's willingness to work with Kurdistan and to helps get things accomplished with the United States...  

*** Kaperoni ***   [Q? : Kuwait Devalued & ReInstated both in One Night...?] ...I disagree that they did that..but even if I am wrong, Kuwait never had 42 trillion in circulation...Iraq has over 42 trillion in Iraq. That does not include what is outside the country. That is well documented...All you need to do is google Kuwait and the central bank to learn they never had that much currency.  ...42 trillion? That is basic math! There cannot ever be a significant RV of the dinar.

 

*** Jeff ***  Article: "Britain commends action on Baghdad and Erbil and shows commitment to addressing the broader challenges of Iraq"  Quote:   "the most urgent of these challenges is addressing the economic crisis facing the country..."  Look at this.  This is huge.  Quote continues:   "...through the introduction of necessary economic reforms."  ...This is amazing...those reforms require funding from the budget and the budget is married to the rate change...

 

*** Mnt Goat ***  Article: "MINISTER OF OIL: THE CONTRACT WITH CHEVRON WILL MAKE IRAQ AT THE FOREFRONT OF COUNTRIES WITH ENERGY"   Like I keep saying this is Iraq’s last chance to use what oil revenues they have to rebuild the country and their economy. Life is changing to outside fossil fuels. What will they finally do?  Implementing the customs and tariffs must be implemented now! There is no turning back unless they want another financial crisis and this next time they will not be able to crawl their way out of it. If not for Trump’s help with US commitments they would be doomed now even.

 

 

*** Footforward***   [Q? : How close do you feel we are...]  I believe we are in the time and season...!

 

*** Jeff ***  Iraq's currency will become internationally recognized when the rate does change. And they "must" also be compliant with and accept IMF Article VIII.  The rate change has to change basically first or at the same time but the rate change is the linchpin...the currency does not become internationally recognized till the rate change - so that's the linchpin.  Once that happens the currency does become internationally recognized. That's also the linchpin to when Iraq will become Article VIII compliant with the IMF.  Right now Iraq is under Article VIII rules, guidelines and procedures.  They have to adhere to them but they don't become Article VIII till the rate changes...Jeff, your explanation is a bit convoluted...IMHO..! Ron