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Monday Noontime Opinions @ 12:35 PM CDT - 10/19/2020


ronscarpa
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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. :twothumbs:RON

 

 

*** Jeff ***...we're still in a very good position right now...right now we're on a week to week status with this investment.  There's a very good chance that the rate change is going to catch us by surprise very simply because the level of news coming out...

 

*** Pimpy *** Article: "A director in the central bank sets his forecast for the dollar exchange rate within days and reveals a forthcoming measure"  ...the last week or so there's no doubt there's been a lot of chatter.  A lot of talks about the exchange rate.  It's exciting.  Sometimes it's good news.  Sometimes it doesn't look like good news...what we want to see is action.  Until they make some type of official announcement on the rate change just take everything with a grain of salt...  This [article] gives the appearance that they're getting ready to make the rate change...I don't want us to get overly excited until the bank has made an official announcement.   Right now they're just saying this is just talk...

 

*** Kaperoni *** Iraq central is in a catch 22 of sorts due to corruption and lack of revenue from the  financial.  Because they use the currency auctions as a means to maintain exchange rate stability as well as provide dollars for Imports, they cannot keep supplying the dollars...without depleting reserves.  With no auction the spread/exchange rate collapes.  This really messes with monetary policy and requirements of the IMF.   Iraq needs to take action within parliament to stop corruption and at the same time make progress towards reforms.

 

*** Ray *** WAITAMINUTE - DIDN'T KUWAIT DENY REVALUING THEIR CURRENCY...AND THEN REVALUED IT?  [They sure did Ray...had some friends who missed out because they said they weren't and did. They had already turned in their currency when it revalued by less than 1 week.]

 

 

:tiphat:

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