Wednesday Evening Opinions @ 7:40 PM CST - 12/02/2020

[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

 

 

*** Mnt Goat - Article: "THE INTERNATIONAL MONETARY FUND INTENDS TO LEND IRAQ 7 BILLION DOLLARS"...we know Iraq does not have the funds to pay salaries beyond September. They are late already paying our November’s. Okay so why would the IMF all of sudden change its mind and decide to loan Iraq money? They just told us 6 months ago there was a moratorium on loaning any money to Iraq . So, what has changed? I will tell you...it was the fact that Iraq presented the “white paper” and the second major reform on it is the project to delete the zeros...by completing this project it leads to the reinstatement we are looking for. ...this article is yet another indication that the reinstatement is much sooner than later.

 

*** Pimpy  ...the deletion of the zeros what that means is devaluing the currency the Iraqi dinar.  Which is not the same as deleting the zeros off the rate.  That's different.  I'm talking about deleting the zeros off the dinar.  So what happens is 1000 dinar becomes 1 dinar...that doesn't help Iraq at all...There's a lot of back and forth about this...you've got one person talking about they need to delete off the exchange rate, which we love and support that of course because that's good for us.  But the deletion off the currency is not good...just be happy that they're talking about it...we want to see what they do not what they say...