Saturday Midnight Opinions - 9/19/2020

[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

 

 

*** Ray   Weekend UPDATE:   Parliament stated that  the budget did not arrive Saturday as promised for its first reading citing a violation of the Constitution. The agency on corruption has arrested several top level banking officials.  The budget is now promised to arrive to Parliament on Sunday.  For many decades not attained, historic agreements completed by PM Al-Kadhimi and his administration will now lead to agreements on the budget, salaries, oil and gas.

 

*** Jeff  I have a good friend that works for a financial institution that operates and conduct business all the way around the world...he just me a list of the remaining countries that are on the OFAC-sanctioned list.  And Iraq got removed from this list back on August 10th...So guess what, they're now international!

 

*** Footforward   [...there’s really no reason that the first currency swap would be at the Program rate just doesn’t make sense.]  Actually it does make sense. If you know the dinar is going to revalue and Iraq needs short term help, it makes all the sense in the world to do a swap at the current rate. Iraq gets short term help and America gets more dinar. And once it revalued that's a huge win for America .

 

That's for today folks ... Be Blessed...!  RON

[CSM (R) Thack]

6 hours ago, ronscarpa said:

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

 

 

*** Ray   Weekend UPDATE:   Parliament stated that  the budget did not arrive Saturday as promised for its first reading citing a violation of the Constitution. The agency on corruption has arrested several top level banking officials.  The budget is now promised to arrive to Parliament on Sunday.  For many decades not attained, historic agreements completed by PM Al-Kadhimi and his administration will now lead to agreements on the budget, salaries, oil and gas.

 

*** Jeff  I have a good friend that works for a financial institution that operates and conduct business all the way around the world...he just me a list of the remaining countries that are on the OFAC-sanctioned list.  And Iraq got removed from this list back on August 10th...So guess what, they're now international!

 

*** Footforward   [...there’s really no reason that the first currency swap would be at the Program rate just doesn’t make sense.]  Actually it does make sense. If you know the dinar is going to revalue and Iraq needs short term help, it makes all the sense in the world to do a swap at the current rate. Iraq gets short term help and America gets more dinar. And once it revalued that's a huge win for America .

 

That's for today folks ... Be Blessed...!  RON

Thx Ron!!👍🇺🇸