Saturday Evening Opinions @ 6:22 PM CST - 12/05/2020

[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

 

 

*** MilitiaMan  Article: "The Central Bank and the Union of Arab Banks agree on the digital transformation of banking" Quote: "A statement by the Central Bank...stated that "the Secretary-General expressed his appreciation for the efforts aimed at strengthening the strength of the Iraqi banking sector and its ability to secure banking services in accordance with the highest international standards."  Digital transformation...I hope everyone gets the bigger picture here...Digital is block chain ready and capable. Transparent and can interlink with secondary markets at a similar level, just as the customs are to be as well...They are ready now not next year...We shall see imo.

 

*** Mnt Goat  Article: "AN ECONOMIST WARNS OF IRAQ LOSING THE DOLLAR AND INCREASING ITS VALUE AGAINST THE DINAR"  Quote: "THE CONTINUED WASTE OF FOREIGN CURRENCY WILL INCREASE ITS VALUE AGAINST THE DINAR, in addition to that the prices of goods and commodities will rise dramatically, at a time when Iraq depends almost entirely on import."     from this article does it sound like Iraq can wait much longer to reinstate the dinar? Just remember the “project to delete the zeros” is the precursor to the reinstatement. They cannot drastically increase the value of the dinar and get off the fake program rate without first getting lower denominations out in circulation. So this project is not the end in itself but a step in the right direction that will lead to the reinstatement.

 

*** MilitiaMan  With the recent article about the parallel, secondary and cash markets we can deduce in short order that they are gearing for a change and pronto...imo...The numbers (exchange rate) are sensitive. They need to be undercover until the last moment...imo..