Friday Evening Opinions @ 6:11 PM CDT - 9/11/2020

[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

 

*** Mnt Goat   Many...gurus tell you that Iraq must first build a robust economy and create a demand for the dinar. But how does this happen if they keep Iraq in a sanction like isolation and status. It is time to break Iraq out of these sanctions and go global. We know it and they know it. So, what comes first the economy or the currency? Is the currency reform an important part to kick start the economy?  Yes, it is.  (post 1 of 2)..

*** Mnt Goat  Let’s joggle our memories for a second. Remember too that under Dr. Shiini Shabibi, then governor of the Central Bank of Iraq, was more than willing to go complete the project to delete the zeros in late 2012 and then reinstate the dinar to FOREX in January of 2013. How could he then without a robust economy and demand for the dinar. I trust this expert and so maybe Iraq does not need so much this “robust economy” all...elude to. Remember that Iraq was much worst off then they are even today in 2020 then they were in 2012. This all tells us that it is not so much the economy that is needed but the end to the corruption and Iranian influence. This is called stability and security. (post 2 of 2)...More to come..!

 

 

 

*** MilitiaMan  Article:  "Parliamentary Finance expects a delay in disbursing salaries and warns against "implicating Iraq" with borrowings"  Clearly they didn't get that 15 trillion Dinar loan they told us about. They are telling us there will be delays for a few days. Can't imagine why right? lol   Kahdimi is in Kurd town through tomorrow. He is talking about major issues and from the sounds of it the most important have been hammered out and the minor issues are out to committees for follow up. Take note of the most important ones and then think about the next 2020 Budget at stake. They cannot borrow at a program rate.. But, they can go to the secondary market once they go to the IMF,s Article 8 compliance to 100%. imo...Article supports that there is to be a special meeting on the 2020 Budget early or at the start of next week. Well that is Sunday...They say in the above they may have delays for a few days...fits with the approval expected at the extraordinary meeting to come shortly... I think things are very hopeful. Lets see what happens...Imo...All good.

 

*** Adam Montana   [Comment: It's easier to counterfeit US currency which means that Iraq put in a lot of effort to protect a currency that isn't worth much at the moment...but hopefully will be soon!...]   They put a lot of effort, time, and money into protecting a currency that isn't worth much... why would they do that?  Answer: Because the current value is not permanent.  This post was taken from another site that follows Adam's Opinions and posts snippets from them. Ron


*** Pimpy   Article: "Parliamentary Finance:  The government's economic reform paper will be presented at the end of this September"  ...those reform papers will be there by the end of this month.  What does that mean?  That means we really just gotta relax, take a deep breath and realize that we're already on the 10th day of this month.  What are we about 3 weeks away from the end of the month?  We will know a whole lot more by the end of the month...we are anticipating some very very interesting news by the end of this month. 
 

 

*** Jeff   Article: "Parliamentary Finance: Budget 2020 will bring a boom in the Iraqi economy"  This article pretty much is confirming that everything is rigged and has been set, planned and staged for quite some time...look at the date on this article - it's from June 29th 2019 last year... Quote:  "The finance committee of the parliamentary, Saturday, their agreement with the Ministers of Finance to receive the draft budget next year in September, indicating that the budget 2020 will make a quantum leap in the Iraqi economy."  Since June of last year they've had preparations to delay the budget until September of 2020...it doesn't get any better than that.  Huge news...

 

Edited September 11, 2020 by ronscarpa