Sunday Evening Opinions @ 7:50 PM CDT - 10/04/2020

[ronscarpa]

Good Evening 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

 

*** Pimpy *** I love the fact that the rate talk has been going on - period.  Good, bad and ugly.  The fact that they're talking about it seems to give me the impression that they know something needs to be done.  What that is for sure I'm not sure myself but we're going to find out...

 

 

*** Kaperoni *** ...the recent events pertaining to the central bank...They're working on reforms to the banking system not the currency. Banking reform and creating a suitable investment environment for the private sector are Iraq's priorities at this time. There's no time to waste. I do not expect currency reform until after the success of the banking reform and passing of laws to create a suitable investment environment...they have been procrastinating these economic reforms for several years, but only time will tell if they decide to complete them or collapse into chaos.

 

*** Pimpy *** Article: "The Finance Committee talks about losing the Iraqi dinar 10% of its value"  We don't want that to happen.  That's bad.  If the dinar loses its value that's not good for us.  We want its value to increase.  We want the exchange rate to decrease. Quote: "the parliament financial committee warned on Saturday that the value of the Iraqi dinar had decreased by 10% during the past days..."

 

*** MilitiaMan *** Article: "Deputy Finance: The government cannot solve the economic crisis without harming the citizen"   Quotes: "The government until now has not been able to properly and properly resolve the economic crisis..."; "...reported that the government is moving towards saving or reducing the dollar exchange rate..."    So if you reduce the dollar exchange rate, it takes more dollars to buy the Dinar! That my friends is the whole enchilada.. That is what they are reeling to do!  imo  Be happy...!