Friday Afternoon Opinions @ 4:44 PM CST - 11/13/2020

[ronscarpa]

Good Afternoon 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

 

 

*** Pimpy *** ...there's a lot of speculation...that the rate change is in the 2021 budget.  We know that the reform papers or white papers talked about the study of dealing with the rate change but there was nothing set in stone.  They're just talking about it.  Are we anticipating a rate change?  Yes.  

 

*** JJimmyJJ ***  Article: "Details of the financial deficit financing law in Iraq"  What has been the mantra for years? The CBI is in control of the rate! They certainly aren't going to allow the den of thieves known as the Iraqi parliament to make the announcement!  The GOI and the CBI needed this law passed so they had this piece of the plan in place (the IMF and Fab 4 were requiring it to allow them to borrow any more money from outside Iraq). IMO.  IMO, this law was the starting pistol,  but it is up to the GOI & CBI to start running. Also, it had always been said that the rate change would be seen in the CBI site and forex first, and that it was likely to come out on a weekend when the banks were closed.