Wenesday Night Opinions @ 11:50 PM CST - 11/25/2020

[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  ...there's only one thing on the table that has a direct requirement for the rate change.  It's the payments of the reforms.  The reform payments require the rate change.   Before they can make a payment Iraq's currency has to be internationally recognized...
 
 

*** MilitiaMan   [Q? : what ever happened to the white papers and kazemi and the fab4 after he left washington? i thought it was a done  deal with the cbi. can someone explain...]   The white papers look today to have signs of partially being implemented, which, suggests things are underway, we just are not yet privy to the details. Imo.

 

 

*** Jeff    Article: "Al-Karraji Demands The Central Bank To Adopt A Real Rate Of The Iraqi Dinar".

 

*** Delta   ...Huge information came out...the Bank of International Settlement in Switzerland is the hub of central banks...to do a contract with them is very telling for the CBI...they are moving forward to keep going with a plan.  It's very amazing progress and all positive news toward our investment ...the BIS is the one that distributes the rate internationally...this is huge by itself...

 

*** Frank26  ...a couple weeks ago the upper echelon management of the banks in Iraq were invited to the CBI.  It is my opinion the CBI talked to them about a date and rate.  And also when they will be showing the citizens the new small category notes and rate...the last week or two weeks of this month it will go from the senior management level to the floor managers and then to the tellers...

 

*** Mnt Goat   NO ONE SHOULD QUESTION THE VALUE OF THE DINAR. But there is a difference between VALUE and RATE. ...Like our president has said many times that currencies are not fairly given RATES to reflect their VALUE. Either they are overly valued or undervalued and the rates do not reflect the TRUE VALUE. He wants a “level playing field”...For Iraq dinar, what we should question is the RATE as it does not reflect the true VALUE of the dinar. It is being artificially suppressed. They do not need all this economic reforms and so on and so forth. Dr. Shabibi, a financial expert who’s opinion I highly respect, was willing to reinstate the currency way back in 2013...So this entire story line of having to do all these reforms can only help Iraq but totally unnecessary in the larger picture. We wait only because of the political stuff going on right now in the US...(post 1 of 2)...

*** Mnt Goat  ...the IMF for Iraq established these currency auctions to get them over the hump from the 10 year embargo and...another attack on the country n 2003...So now they have gotten so corrupt they can't get off of them. The embargos on Iran and taken this corruption to a new high...But the good news is the new CBI governor along with the new prime minister is going to shut down all this corruption, only the US Treasury is holding up the reinstatement of the dinar, which is needed to facilitate it. The prolonged delay is hurting Iraq as they need this change... but remember this is not as simple or clear as it seems so don’t try to pin point this to one or a couple single events to make it happen...We have insight as to what the plan is and how they are implementing it. The news is still all VERY GOOD and we will see the reinstatement much sooner than many of you think...(Post 2 of 2).. 
 

 

That's all or today folks...Blessings & Happy Thanksgiving - God is Good..! RON