Monday Noontime Opinions @ 12:47 PM CDT - 9/28/2020

[ronscarpa]

Good Afternoon 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. RON

 

 

*** Jeff *** Article: "Concerning the currency, salaries and commodity prices ... 10 economic measures and 'radical' financial changes that Iraq is expected to implement next year" ...number one is huge.  Quote:  "1.  Decrease the national currency exchange rate."  They're telling you they're going to decrease the national currency exchange rate.  When they decrease the rate it actually increases the value of the currency...Iraq will never tell you the year they're going to do that step.   So the fact that they're telling you '21 disregard that part of the article because they will never tell you the truth when they plan to physically increase the value of their currency...  

 

*** Pimpy ***  Right now for 1 American dollar you can get 1190 Iraqi dinar...if that number [1190] increases that means the value of the dinar is going down.  That's not good...if that number [1190] decreases that means the value of the dinar is rising against the U.S. dollar...we want to see that number decrease...a lot of people get this mixed up.  Most of us have bought the Iraqi dinar at this rate - 1190 Iraqi dinar for 1 U.S. dollar.  Any kind of decrease...is a monetary gain for us.  That's good.  That's what we want..(Post 1 of 2).. 

*** Pimpy *** Article: "Concerning the currency and commodity prices...10 economic measures and "radical" financial changes that Iraq is expected to implement next year".   That's 2021.  It's the International Monetary Fund.  This is their reforms.  They're talking about decreasing the national rate...I say we need to slow down even though this is good news.  We don't know how much that rate is.  Considering it is the IMF I'm always hesitant.  Of course Any decrease is good.  But [Hypothetically] if they went from giving us 1190 Iraqi dinars to all of a sudden giving us 1700 dinars sure all you guys would be be like Yay! But it's not that big of a deal.  It's just a slight increase...there you have it.  This is what they want to implement in 2021...talk of decreasing the rate is here...it looks good..(Post 2 of 2).. 

 

*** Ray ***  Weekend UPDATE...on SUNDAY  Iraqi TV has been broadcasting the CBI governor announcing the launch of the paper reforms for the currency of Iraq coming to the banking sector soon. This broadcast has been on a continuous "news loop" throughout the day.

 

 

Today is the Day of Atonement and the last of the 10 Days of Awe - 

 It's a day to focus on Prayer & Worship to Almighty God for Everyone... RON

Edited September 28, 2020 by ronscarpa

[ronscarpa]

The purpose of Yom Kippur is to bring about reconciliation between people and between individuals and God. We need to repent and seek God's face, and determine in our hearts to live our lives in concert with His Will. Seek Truth, Justice, & Righteousness, and act upon that which is right.

[DinarDavo]

1 hour ago, ronscarpa said:

"Concerning the currency, salaries and commodity prices ... 10 economic measures and 'radical' financial changes that Iraq is expected to implement next year"

 

Many translations of the word "next" in the past articles has meant "this"......this week, this month, etc.  Are we to consider this "next" is referencing 2020 or 2021?    

[yendor]

10 hours ago, DinarDavo said:

 

Many translations of the word "next" in the past articles has meant "this"......this week, this month, etc.  Are we to consider this "next" is referencing 2020 or 2021?    

 

 

Which translates to "SOON"...... AAAAGGGGGHHHH