Saturday Night Opinions @ 11:15 PM CST - 11/07/2020

[ronscarpa]

Good Evening DV, 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 *** Iraq started off they achieved stability.  What did they do after they achieved stability?  August through October they went from the U.S. to Europe to put all of these agreements in place to create their reforms.  Once they got the reforms dialed in the next step they went to is positioning the money.  They are positioning the money right now.  One of the steps for positioning the money is the rate change.  The rate has to change before the reforms can be implemented.    But that's why they're positioning the money right now.  Again one of those steps is the rate change...

 

*** Kaperoni *** ...Iraq is in a financial crisis in about to go broke. There is no RV.  A country's exchange rate is based on the growth and economic success of the economy and monetary policy is a tool to counter inflationary pressure  as a result of that growth. It's not some random act just to give wealth to people.  The whole idea of a revaluation (RV) is nonsense. Central banks don't work that way and it contradicts monetary policy. Remember the central banks are in business to make money not give it away.  If Iraq ever had the intention to significantly overnight RV they wouldn't have in excess of 40 trillion dinar in circulation outside the banking system in Iraq. That's just too much money.

 

 

 

[rvmydinar]

5 hours ago, ronscarpa said:

 

*** Kaperoni *** ...Iraq is in a financial crisis in about to go broke. There is no RV.  A country's exchange rate is based on the growth and economic success of the economy and monetary policy is a tool to counter inflationary pressure  as a result of that growth. It's not some random act just to give wealth to people.  The whole idea of a revaluation (RV) is nonsense. Central banks don't work that way and it contradicts monetary policy. Remember the central banks are in business to make money not give it away.  If Iraq ever had the intention to significantly overnight RV they wouldn't have in excess of 40 trillion dinar in circulation outside the banking system in Iraq. That's just too much money.

 

 

 

Then what are you waiting for? Have you still hold your dinar.? Or  Have you sold off your dinar yet?

[Heavyduty053]

Kap is and always has been a negative nellie.....i have never seen him post anything positive

[Artitech]

4 hours ago, Heavyduty053 said:

Kap is and always has been a negative nellie.....i have never seen him post anything positive

Plus he knows nothing! Sgt Shulz! The pizza boy, needs to stick to washing his pizza pans! JMHO