Friday Morning Opinions @ 9:55 AM CDT - 10/02/2020

[ronscarpa]

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. RON

 

 

*** Kaperoni ***...a LOP is not something that the Central Bank of Iraq can just do... it requires parliamentary approval because it changes the face value of the banknotes. Personally, I do not think a LOP (re-denomination) is the plan. There is too much talk about floating the currency and allowing it to at least initially to devalue to save money.  This is not what investors want to hear...But I expect Iraq to follow the IMF directives.  As the IMF said...send a positive message to the investor community and facilitate a favorable business climate.

 

*** Frank26 *** The last five days all they talk about is the exchange rate of the Iraqi dinar... "no Frank, they said they are going to decrease the value of the Iraqi dinar?"  The translation isn't proper.  The wording is wrong...what they're doing is they're going to decrease the 3 zeros from the exchange rate to add value to the currency of the Iraqi dinar...