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Tuesday's Opinions @ 11:55 PM CST - 12/01/2020


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Good Evening DV, here's an opinion & comment 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

 

 

*** Mnt Goat  Article: "CUSTOMS: AUTOMATING OUR PROCEDURES ACCORDING TO THE ASYCUDA SYSTEM WILL AFFECT THE DEVELOPMENT OF THE IRAQI ECONOMY"   ...the electronic international AsyCoda system can not work without being connected to FOREX. Yes, they can then get the rates for all the currencies except the Iraqi dinar.  How will this system work then? It won’t and they are stuck until they reinstate the dinar back on FOREX...this is a FACT. ...this article is an indication to us that they are moving ahead to the reinstatement timeframe and necessity to do it sooner than later.

 

***  Breitling   [Q? Who's going to be the next president?]  The policy will completely change...even though policy changes...Iraq's agenda and what they want to do and what they have to do is not going to change...stop living in fear...

 

*** Jeff   We are in a great position because we're at the end.  Iraq is back to the good news.  The real news.  When Iraq finished the borrowing law that was the last step they needed to change the rate.  They're showing you this.  That's why now that they finished the borrowing law they are talking about improving the exchange rate and reforming the banking sector.

 

*** Mnt Goat   ...we wait and listen for signs and information from the CBI. This is our only course of action is trying to figure out a close proximity to the reinstatement timeframe...We know the case can be made to look to early January 2021 for the reinstatement of the Iraqi dinar. There is just too much information...not to go in this direction of thinking.  This week’s news proves that they are moving in this direction...

 

*** Jeff   Article: "Finance Minister Ali Allawi praises the efforts of the Iraqi Private Banking Association in support of economic reform Now they're talking about improving their exchange rate,  deleting zeros, bringing forth new taxes and reforming their banking sector.  The borrowing law was the last step.  They're now ready to do the rate change.  That's what they're telling here...through this past week they they put a huge emphasis on improving the exchange rate - when Iraq puts an emphasis on something new it takes them 3 to 4 month.

 

*** Frank26   [Q? "Deleting the zeros from the currency" what does that mean?]  It means collecting the notes that are out in the streets, under the beds of Iraqi citizens, the 3 zero notes that you have...the new exchange rate also lifts 3 zeros because the exchange rate .00085 becomes .85...

 

***  Breitling  ...Iraq is going to add value to the currency...who cares about how long you've had to wait...that has no factor at all in the reality that the Iraqi dinar is under valued...they have a plan to add value to it... you should be very happy about what could happen either way [Trump or Biden]...you can be confident with either or.  That's it.

 

*** Jeff  ...you see the facts as I bring them to you.  They paint a picture.  They're walking you to the finish line.  One of the main things I told you was after the borrowing law Iraq would be ready to change the rate.  After they finished the borrowing law...the very next level of things they talk about - increasing the change rate.  That's been one of their new emphasis since last Sunday of last weekend, a week ago.  And reforming the banking sector...that's great news we're right on the edge of this...

 

 

:easyrider:

Edited by ronscarpa
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  • ronscarpa changed the title to Tuesday's Opinions @ 11:55 PM CST - 12/01/2020

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