Monday Afternoon Opinions @ 2:00 PM CST - 11/30/2020

ronscarpa · November 30, 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

*** Ray *** PM Kadhimi gave the order today to send the 2021 budget to the Council of Ministers for their immediate review. The Kurds are bringing a delegation to Baghdad tomorrow to resolve issues relating to the 2021 budget, based on it being presented to the Council of Ministers this week.

*** Jeff *** They are pouring articles out left and right talking about deleting the zeros, new revenues, taxation, improving the exchange rate of the Iraq dinar. They're now telling you there's nothing left for them to change the rate...you're in the best position right now. Ever. They're blatantly telling you they have nothing left and they are ready to change the rate. But you got to remember when they put a new emphasis on something it takes them 3 to 4 months to do it...(Post 1 of 2)..

*** Jeff *** This is an amazing Article: "Representative Finance: The proposal for a "white paper" to replace the currency requires a lot of money" ...now they're talking about reviewing the exchange rate and replacing the currency...guys it doesn't get any better than that. They're blatantly telling you that they are ready to improve their exchange rate and delete the zeros from the currency...but again it takes them 3 to 4 months to do it...(Post 2 of 2)..

*** Breitling ...People keep forgetting - the currency [Iraqi dinar] is undervalued. They devalued the currency. That's not a market rate. They kept printing the currency. They even said that they were going to do that. And they did that. So when they say they want to add value to the currency, I believe them because they followed through on everything... they are going to add value to their currency.