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Thursday Night Opinions @ 11:07 PM CDT - 9/24/2020


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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. :twothumbs:RON

 

 

*** Footforward   [Q? what’s your thoughts on Iraq’s 2020 budget? They keep delaying the vote for it and are trying to add stuff to it.]  I'm not watching the budget honestly. People have believed the budget will bring the RV. I don't care about their budget. Without an rv, it doesn't matter.  I'm still watching Iran and Iran's influence being erraticated in iraq.

 

*** Pimpy   ...remember...even if they did a rate change right now over here in America it'd be really hard to exchange your currency.  There are some restrictions on the currency...Article:  "Iraq announces its exit from the list of "high risk" countries and an increase in its oil exportsQuote:  "The Ministry of Foreign Affairs announces that it has succeeded in reinstating the activities of 169 Iraqi companies and institutions out of the 230 entities banned by the U.N Security Council resolution 1518 which classifies Iraq as a high-risk country seeking to lift a ban on the rest of the entities."  Yay! Come on Iraq!  That means they're doing good.  We're almost there...Yeah, go ahead you can do the pee-pee dance...we're not out of the wood-works yet but we're still working on it...Iraq is being allowed to open more and more to the international community.  This is good news.  Very excited about this.  This is what we were hoping to see...

 

*** Mnt Goat  Looking at the Iraq Central Bank (CBI) we can see a miracle finally happened...now we have that new director under the al-Kazemi administration. But what are the views and plans of this new CBI director? Will he work towards the currency reforms we look for? The answer is YES and he has come right and told us. So be patient and look towards January of 2021 for these reforms to take place. Could we see the RV earlier?  Yes, we could but I doubt it. The CBI would have to make some announcements very soon about the project to delete the zeros and are just not talking specific enough about it, as they have in the past. Remember too they will have to re-educate the citizens on this process and this too will take time. They have to also get out of OFAC sanctions with the US and Europe and so they have goals to accomplish prior. So, these next 3 months are critical for us and our investment. The momentum is moving forward but, as usual Maliki and Ameri are already conspiring a plot of chaos to bring down Al-Kazemi.

 

*** Kaperoni  ...the term "program rate."...came from an IMF Stand By Agreement with Iraq to maintain exchange rate stability and has nothing to do with a RV.  

 

*** Footforward   [Q? has anything like this happened before in the dinar RV world? A Iraqi bank travelers check routed to a bank in New York?...]  not that I'm aware of. People will use this to say the RV has happened in country. It hasn't but this is a good sign.

 

*** Frank26 & Walkingstick   The white papers IOO...contain the HCL, the new exchange rate for the Iraqi dinar, the date when they will release it.  It also contains the the agreement, the process, the execution of the "Cancel Currency Auction Agreement" that was agreed upon at these meetings.  Isn't this wonderful?  Right about now you should be saying Wow!  The speed of things happening is in God speed.  It's just amazing how fast this is unfolding.  All of this is just so quickly.  Right after Donald Trump talked with Kazemi in D.C. and quickly returned back home... 

 

*** MilitiaMan  Article:  "Deputy: 35 trillion dinars are stored with the people who refuse to deposit them in banks Once they bring or add Purchase Power to the new small category notes, the liquidity will begin to absorb those large amounts of notes. The sooner the better too...imo.  

 

 

:tiphat:That's it for today everyone ... Blessings ... RON

Edited by ronscarpa
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