Thursday Evening Opinions @ 7:07 PM CDT - 9/17/2020

[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 ...There's discussion about the exchange rate it needs to change.  So the anticipation is that the rate change would be in the 2021 budget.  There's no guarantee.  I'm just saying that appears based on what is being said that seem to be the case...we're running into some serious deadlines...

 

*** Jeff   Iraq in '17...almost 3 years ago they performed a test.  They unpegged from the dollar and went to a currency assortment basket...historically over the last 100 years the Iraq dinar the high side of it was about $4.20 the low side was about $2.50...Over the last 100 years the Iraq dinar has not gone below $2 bucks.  This is a reinstatement.  That means they're going to put the value of the Iraq dinar back to where it was...a restoration of it.  It devalued in 2004 against the dollar at $3.22...today we're in the year of 2020.  So here we are 15 years later...because of...the facts and variable...how it's a reinstatement...the high point/low point over the last 100 years...I'm of the opinion...the rate is going to be very close to or around $3.80...

 

 

*** Mnt Goat  Article:  "PARLIAMENTARY FINANCE: THE 2020 BUDGET WILL ARRIVE IN PARLIAMENT THIS WEEK, AND IT DOES NOT EXCLUDE THE FUNDING OUTSIDE OF MORE LOANS" So the budget was sent already and is in parliament.  You simply can’t borrow your way out of debt. Bad ideas by bad politians...It simply does not work and they know it. They can get all the permission they want to borrow more money, but in reality they are stuck. We knew this day would come as they only had money until the end of September to pay salaries. They only have 2 choices not 3. Choice #1 is cut expenditures so drastically as to meet the current price of oil, Choice #2 float the currency and let investors invest in Iraq . Choice #2 also gives the potential investors freedom of exchange and transfer of monetary resources needed to come into Iraq .

 

*** Pimpy  Trust me there is a lot of news as I'm sure some of you are aware.  A lot of talk about the Iraqi dinar.  A lot of talk about the economy.  A lot of Al-Kazemi crack-a-lacking on the people over there making sure that the country gets back to where it need to be...  Article:  "The first statement of the new Iraqi central governor:  We drew up a plan to strengthen the national currency"  There's more than one article talking about the Iraqi dinar...this is what we're waiting for.  Obviously the stronger the currency the better our exchange rate...they're making plans to strengthen it.  That's what we want to see.

 

*** Adam Montana ***  ...Anything that is addressed in the coming meetings that will affect the 2021 Budget in a major way, especially if it's HCL, will not be able to "hide" until 2021.  They have to be ready to raise the exchange rate before they announce any major agreements on HCL, Article 140, or anything else closely related.  If they don't raise the rate soon enough, there would be a massive speculative run on the currency, which would dilute it, and kill their opportunity. They aren't going to do that. Not because we are waiting for them, but because they wouldn't benefit from it.  Our day is coming..! ***Adam's opinion was taken from another site. See Adam's full chat at: Adam Montana Weekly 16 September 2020

 

*** Mnt Goat   Article:  "DEPUTY: AL-KAZEMI'S VISIT IS THE LAST OPPORTUNITY FOR THE REGION TO HAND OVER HIS COMMITMENT AND IN SUCCESSION TO BE DEPRIVED OF THE 2021 BUDGET"  the agreement was made already and this is done. Kurdistan got only 12% but is getting paid and this is important that the GOI is monitoring all the other oil they are selling on the side besides the amount needed to meet the budget. This is important to us because it is important to the IMF.