Wednesday Night Opinions @ 9:55 PM CDT - 9/23/2020

[ronscarpa]

Good Evening Dinar Vets, here's an opinion & comment 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

 

 

*** Frank26  ...the new Central Bank Governor of Iraq, he's not waiting any time is he?  He is direct implementation.  There is no delay.  It's also very interesting how much of a hurry this new governor of the CBI is in.  As much of a hurry as Kazemi.  Kazemi gave the new CBI governor Mustafa the authority of the white papers...

 

*** Adam Montana    First, the normal stuff...OIL - nothing crazy, just the normal expected good stuff. Stable and steady upward trend.  Budget - This may not seem like a big deal, but...submitting it, then withdrawing it, then returning it, then stating "we need 3 weeks to approve it"...there is some number-crunching, pencil whipping, fiat manipulation going on in the background. By itself, that news would raise some eyebrows, but let's hop right into the stuff that does more than raise eyebrows:  In particular, this part:..(post 1 of 3)... 

 *** Adam Montana   "Deputy Haybat Al-Halbousi indicated that the committee had opened the cabinet to send oil and energy bills,  including the oil and gas law." ... in case you missed that:  "including the oil and gas law".  If I had the ability to make fireworks...jump off of your screen right now, I would consider it - that's how big this kind of news is!  If it seems like "all Adam talks about anymore is HCL", that's because things are so smooth and streamlined in Iraq right now... HCL is all we need at this point.  HCL is oil and gas law.  That's it.  That's all, end of story, all she wrote, finito...done...(post 2 of 3.)... 

*** Adam Montana   Our man Kazzammie is hands down the best thing to ever happen to this situation. Not because he's a messiah or anything crazy like that - the man has just done so much it's almost unbelievable.  Prior to him taking the position, Iraq was torn and confused by riots, revolts, and failure. That short period of time came after much incredible progress, including getting out of Chapter 7 and booting Maliki. There was a time (not too long ago) when it looked like one of the previous Prime Ministers would make some progress, but we have never seen this much HCL action.  Ever. I'm excited... Go Iraq, Go Dinar...GO RRRRVVVVV!!!  ...(post 3 of 3)...

Adam's Posts were taken from another site that follows his Opinions, and posts snippets from them. His full chat can be found at: Adam Montana Weekly 23 September 2020

 

 

*** Kaperoni  More good news today from the central bank of Iraq as the new governor makes changes in policy. Efforts seem to be improving as prime minister Kazemi goes after corruption.  
 
 

*** Mark  The news I am getting out of Iraq is they are hoping to have a budget vote on Thursday...even though all the news is saying they still need 3 weeks.  [For the first time in IRAQ you can exchange Dinar with Dollar between your accounts.]  Yes – they are making it seamless in preparation for the new banking system. This is big news. Much concern in the world that Iraq is running out of dollars as this thing has drug on…yes they are running into a budget crisis.  My last update was they are pushing to have a vote by Thursday of this week for a budget with value. Otherwise they cannot pay this months salaries, government, pensions and all those good things…there is a serious push going on in Iraq right now.

 

*** Jeff   Article:  "A member of the Financial Committee, Ahmed Hama Rashid said on Tuesday that the 2020 budget needs 3 weeks to vote on it."  Quote:  "Parliament have not yet seen the numbers in the budget."  Parliament have not seen the freaking numbers in the budget! ...They're hiding the numbers from us, from the public news and from parliament because it's calculated in the billions of dinar and it's linked to the rate change.  It's calculated off the rate change.  Doesn't have a rate in it but its figures are calculated off the rate.  That's why they're freaking hiding it...we look amazing...

 

*** MilitiaMan   Article:  "In the first decision...the new central bank governor settles a controversial matter"   Wow, this is telling me that they have every intention to raise the value of the currency. The importance is straight forward and addressed. It is my understanding...we know they have been printing small notes (possibly coins) in 2018 and more recently in 2019 and 2020...They had issue with Alak's name on of the categories. Imo The new CBI GOV has been around along time and would have known about all of this, thereby, imo they have that issue under control and we are about to see a big change and much improvement to the management of the new currency...WOW  This article about the smalls is awesome. It sure shows us they have an incredible intention to use the smalls...That is a good thing...

 

 

*** Mark  ...there is a tremendous amount of dis-information released right now. They have done this in the past when they have done a revaluation or a reset…the most recent example we have is Kuwait . The morning of the revaluation they had a big article in the paper on how it was going to be years before they RVed….then BAM…later that day they had the revaluation. Before that was China . 3 days before they did a revaluation they released stories in the papers- domestic and international that they were not prepared for it yet…and then boom…so look for that smoke...we are seeing a tremendous amount of smoke right now.


*** Pimpy  This is a pretty big time for us.  It's close to the end of the month.  Remember the reform papers are supposed to be submitted by the end of this month.  The 2020 budget was supposed to have already been voted on.  The 2021 budget is coming.  Now the anticipation is that we are going to hear something about the Iraqi dinar rate in the reform papers.  There's no guarantee.  We just know that it's going to be discussed...we know the Minister of Finance has said in the reform papers there is discussions about the Iraqi rate and what that might be...