Thursday Afternoon Opinions @ 3:55 PM CST - 11/19/2020

ronscarpa · November 19, 2020

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

*** Frank26 ...the borrowing law was passed. When it was passed IMO a new calculation was taken into account. This law allows the GOI to borrow money now...the mechanism of raising the value of the Iraqi dinar to go from trillions to billions is in play. The lifting of the exchange rate value and the introduction of the RD [Redenomination] - That's the last part of this Monetary Reform...they are about to raise the value of their currency and they are about to introduce a new currency and this is the last part.

*** Bruce People that are wondering about the election – there are a lot of things happening of course – behind the scenes – regarding that – I am being told from several sources that the election itself has no immediate direct bearing on the blessing that we are waiting for...

***Jeff What is the budget waiting on? Why haven't we seen it yet? Well it's simple. Because this budget has reforms in it. It literally needs the rate change for its calculations. In other words they can't start the budget until after the rate has changed. Article: "The 2021 Budget Will arrive in Parliament Next week". If this is true I've got a big smile on my face...everything I've been telling you is right on track...we're looking good.

*** Frank26 The MR went into a recalculation which is called an RV (revalue) and then it went into an RI which is what they're doing. They're reinstating it. They'd love to get it back to the glory days of $3.22 ...And it ends with an RD. Which is the redenomination. Let me see those new small category notes and what goes with it! All these things that are happening are extremely encouraging. You've got to be encouraged by it.