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Sunday Morning Opinions @ 9:55 AM CDT - 9/27/2020


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Good Morning Dinar Vets, here's a few 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

 

 

*** Jeff ***...the fiscal year has transitioned because Iraq is now exiting the Chapter 7 sanctions of the U.N.  They are transitioning back to their historical former fiscal year of April through March and leaving their formal year while they were under the Chapter 7 sanctions which is the U.S. calendar of January through December.

 

*** Kaperoni ***...news out of Iraq for six days in a row was about...strengthening the dinar...Strengthening the dinar means to make the market rate (street rate) closer to the offical CBI rate.  It has nothing to do with changing the official rate/exchange rate. Remember, the IMF has been calling for strengthening (2% or less spread) for years.

 

:tiphat:

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