Friday Night Opinions @ 8:30 PM CDT - 10/23/2020

[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  REPORT: "White Paper for Economic Reform" Now that we have the details of the "White Papers" or The Economic Reform Papers you guys can see the details for yourself because there is some exchange rate talk... Quote: "Review the current exchange rate of the dollar against the dinar."  Again, listen, they said they're just reviewing...as the dollar continues to get weaker other currencies will rise up against it.  This is good for those of us holding on to foreign currencies as an investment.  We want to see that...Quote: "establishing new trade markets such as commodity markets and a currency exchange market."  We need to see the Iraqi dinar become eligible and start trading on the Forex...they'll probably just float the dinar and let the market decide from there what the exchange rate is...that's good news.  We need them to unpeg from the U.S. dollar...

 

*** Petra  I gotta believe that a lot of those International market players are already lining up because they read the articles like we do.  Those finance guys.  Those hedge fund guys read the articles like we do.  So I'm sure they're excited as well...we're in a great stop.  I'm excited.  The wife is excited.  We're just looking forward to this coming to an end...we're in a great place...we're right there.  There is no question about it...let's see what they decide to do...


10-23-2020   Intel Guru Footforward   [Q? : Should we wait for forex changes or what do you think we need to be looking for in the markets?]  When the rate changes it will change on CBI website. I'd watch that. 


10-23-2020   *** Adam Montana   [Q? : ...how close are we?...]  In my opinion...we are now finally inside of a 6 month window. Do, or die, within that timeframe.  I know, I know - I wish is was 6 days as well. Taken from another site that follows Adam's Opinions and posts snippets from them.

 

*** MilitiaMan  Article:  "The White Paper for Economic Reforms: vision and key objectives"    Quote:  "The Iraqi government has formally adopted the White Paper for Economic Reforms prepared by the Crisis Cell for Financial and Fiscal Reform."   No matter how we slice this, they need an international exchange rate prior to launching. They European Bank of Reconstruction and Development is in the final stages for Iraq's ascension to the bank. It is with them and along with the Global Accounting Firms of Ernst & Young and Pricewater House - Cooper that are involved with the final requirements. To get to the final requirements tells us this White Paper has already been in play for many months and years already.  To meet with the EBRD and E & Y and PWHC is for to implement it internationally...(post 1 of 2).. 

*** MilitiaMan    They mention...reviewing the Dollar/Dinar Exchange Rate and...they talk about new markets that include commodity markets and above all FOREX. The final requirements appear to have to do with those two key elements of where we are at with this stage of the White Papers. The rest will be over a 3-5 year period. There is an article telling us that the Director of the CBI as of recent, that an exchange rate is expected from 120 - 121 IQD to 100 USD. That fits with internationalism. So the final decisions most likely sorted... Very very very exciting and powerful times we are in. Lets see what the CBI says when they get home... The banks are open for accounts today and tomorrow, fwiw too. To have an exchange rate change as the CBI Director has said would require the NSCNs(LD’s) ... imo..! ..(post 2 of 2).. 

*** Kaperoni   Why are there so many articles about floating the dinar over the years?  Because that is how monetary policy truly works. Exchange rates rise as economies grow. Nothing Is random...

*** Pimpy  I'm speculating, it's just my opinion, you're either going to see this revaluation of the Iraq dinar happen either before the election or sometime in January.  I don't like doing dates and rate but there's a lot of other things that are happening around this timeframe and I have a feeling the IQD is going to play a huge part of this...I don't have any proof of what I'm saying..I'm just saying to you based on a lot of conversations that that I have with different people, based on a lot of news that I've read, based on a lot of articles that I've read, there's some type of race going on, there really is, as far as what monetary system is going to be used.

 

 

This might be all for today, but we'll see ... Be Blessed ... RON

Edited October 24, 2020 by ronscarpa

[ronscarpa]

Added at 9:20 PM CDT:

 

*** Mnt Goat   ...the overall plan to also reinstate the dinar and re-peg it to a basket of 5 currencies thus the rate of the exchange will change outside of Iraq thus giving Iraq more purchasing power thus more ability to buy more goods and services. The dinar will be worth more outside of Iraq . It is the globalization of the dinar that is important and deleting the zeros is just step to help get there...
 

[cjdavid]

So cash in....& buy back sounds to be the plan.

[Johnny Dinar]

22 minutes ago, cjdavid said:

So cash in....& buy back sounds to be the plan.

 

Personally... I'm cashing in and running... JMHO

[rvmydinar]

2 hours ago, Johnny Dinar said:

 

Personally... I'm cashing in and running... JMHO

 Yup and never look back forever.

[HeyJonesy]

 *** Adam Montana   [Q? : ...how close are we?...]  In my opinion...we are now finally inside of a 6 month window. 

 

possibly another six months eh??   That could make for a very loooooong winter!  😏