Friday Night Opinions @ 10:05 PM CST - 11/27/2020

[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

 

 

*** Pimpy   I know a lot of people are talking about the rate change happening in the 2021 budget.  There's plenty of reason to think that.  That might be possible.  But stay grounded.  It's not about what they talk about it's what they do...yes, they do want a real rate...and I support that 110%...


*** Jeff    Iraq has given you the back wall for the rate change...the end of March in '21.  Here's why.  Here's how...the reform funding payments, before they can make that payment, they have to change the rate.  That's why the reforms have been outstanding for so long... Here's an older article from July of this year "Parliamentary Finance warns against moving towards changing the dinar exchange against the dollar"   Quote:   "there are possible intentions to change the exchange rate of the dollar against the dinar within the expected financial reform law."  They're telling you the truth in this article...

 

*** Mnt Goat   Where do we stand with the RV right now?   ...we have NEVER been in a sweeter spot right now than maybe way back in 2012 when Dr, Shabibi was going to reinstate the dinar. ...I do not think they are going to stop it this time as there is too much as stake and they are giving us way too many signals that they fully intend to do it.

 

*** Delta   We don't have much left to find out...but all indications show Iraq is ready to go to the open market economy and go international, accept Article VIII...IOO all that does require a new rate, does require a recognizable tradable currency...very positive news.  Very positive information ...within 40 days we are going to see...more and more.  You haven't seen nothing yet!  We're going to have more and more information especially from the CBI and the progress of the international countries helping Iraq...

 

*** Pimpy   Article:  "Al-Darraji Demands The Central Bank to Adopt A real Rate of the Iraqi Dinar"  ...more dinar rate talk...this has been the cry of the Iraqi government for a while.  They want their rate restored at the $3.22 level...I understand what they're saying.  They do need a new rate.  IMO the rate change should be a pretty beefy one...we definitely need to keep an eye on it... 

 

 

That's all for tonight folks ... Blessings ... RON