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Saturday Afternoon Opinions @ 5:10 PM CST - 11/21/2020


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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. :twothumbs:RON

 

 

*** Footforward *** They need international investment. They need that for a revaluation to happen. The RV can't be sustained without international investment coming back into the country...

 

*** MilitiaMan *** Article: "Finance: the automation system will enhance the management of the financial position"   ...They cannot go live with this automation without being article 8 compliant...The CBI is talking about major and influential reforms.. Well, imo being article 8 compliant to get hooked up with this new system with upwards of 80 - 90 countries and to be influential suggests that they are going to be serious and competitive in trade... IMO! They have no way to go but to go Article 8. They are in cooperation with the UN. They minister was given the go ahead to negotiate the contract. Well, he is not going to show up with out knowing what to fill in the spread sheet in (IQD= / $) with...So lets see what they do. My bet is there is no turning back now...imo.

 

*** Mark *** ...the banks over there…bringing their staff up to speed for a change in value.  I am told the plan is to change the value by an Revalue or reinstatement.  After there is a change in value – then they redenominate…meaning they release their lower denomination bills...If they do a reinstatement my understanding is they go back to their original rate and figure in consumer pricing, and inflation…so I believe the old rate was $3.22. So adding in a bit more for inflation gives you a rough idea what the street rate will be.

 

:tiphat:

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