Wednesday Afternoon Opinions @ 4:40 PM CST - 11/18/2020

[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

 

 

*** Walkingstick & Frank26 *** The executive branch level [of Iraqi banks] were told by the CBI everything they needed to know to pass to the citizens about the new exchange rate and the new small category notes...IMO within a week...the monetary reform information will now go from the executive level of banks to the senior management of the Iraqi banks...then those senior level management people will pass it on to their floor managers and their tellers.  Then they will pass it on to the citizens of Iraq...this ain't gonna last long.  IOO you're going to see this within a week.

 

*** Jeff *** ...Iraq has shown us for a while THERE'S NOTHING LEFT!  Since they completed the Borrowing Law we only hear crickets from Iraq.

 

*** Mark *** [Q? : Is the RV and the QFS (Quantum Financial System) real?]  Yes I believe the RV is real…and the QFS is real…its all true and on its way...

 

*** Frank26 *** A lot of you think, 'Oh, we've got the borrowing law!  It's got the rate inside."  No.  I never said that...we told you the borrowing law was extremely important for the international world to coming into Iraq so they could have a rate.  Therefore, the borrowing law when passed would be part of the reason to come out with a new rate.  

 

*** Delta *** ...there's so many confirmations that the Central Bank of Iraq they're on the verge to changing the rates and then go to the market economy...the CBI governor...told everyone that he is going to make the Iraqi dinar stronger.  This is what we're looking for.  We're really in good progress...not everything means imminent revaluation...yes, something is going to happen.  We don't have much left...even if it's going to happen December or January that's less than 2 months left...this is the end of it.

 

 

*** Footforward *** ...I believe they have wanted to pull the trigger on the RV at least a dozen times this year so far...

 

*** Mark *** From banking contacts…I am being told that suddenly there was a push last night to get everybody in place to “update” information for next week.  ...if you did not see Walkingstick's post above...on what’s going on in the banking sector…the Government and the CBI is now instructing banks, and the banks will be instructing people…and they are finally positioning for a revaluation of their currency over there. Cross your fingers…the news chatter is exceptionally good today.  I have also heard the news Walkingstick reported from 3 of my contacts on the ground in Iraq.   [reference Walkingstick & Frank26 post above]  [Walking Stick...ownes an accounting firm and several private banks over there.]

 

*** Mnt Goat *** Article: "THE DECLINE IN THE RESERVES OF THE CENTRAL BANK OF IRAQ TO 35 BILLION DOLLARS .. AND THE REASON!"   so the loans they have been recently talking about to pay the salaries did NOT come from outside international funds? So they lied to us and to the Iraqi people. This is not good as they are now below the acceptable IMF levels for financial requirements. I told everyone they could NOT get outside loans in spite of what they were telling us they planned to do...

 

 

*** Jeff *** Let's talk about the 2021 budget..."the rate is in the budget".  That's not true.  Budgets do not contain rates.  They're calculated off rates...it simply converts the overall calculation of the budget from being calculated in trillions of dinar (this is in today's rate) to billions of dinar after the rate change...