Sunday Midnight Opinions - CST - 12/06/2020

[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

 

 

*** Footforward   ...their budgets have typically been running at the same time with Kuwait's fiscal year which is April to the end of March I believe... but they're fiscal year seems to be the end of December (Iraq's). People have long suspected that they are running two sets of books...if you are going to get into bed with the US which I believe they're going to then you're going to have to run a fiscal year of January to December. So I think they have two sets of books...They can revalue at any point in time that they please ...if they did revalue and it wasn't at the beginning of a fiscal year then they would have to revisit their budget at some point...

 

*** MilitiaMan   Article:  "Oil "disturbs" Iraq's 2021 budget: an expected update of the "dinar exchange rate" and amending the numbers to "reduce the financial deficit!"   Quote:  "to audit it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the Iraqi dinar exchange rate before the end of the fiscal year,"  EXPECTED... They just told the world openly that they are to update the exchange rate... The shot that was heard around the World!! or WHAT!! 

 

*** Delta   Article:  "the International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year,"  here we have it boom...NEW EXCHANGE RATE COMING OUT BEFORE END OF THIS YEAR...

 

***  Breitling   There's no reason at all for you not to be happy about this investment.  No reason at all.  Regardless of whether you wear your politics on your sleeve or not.  Whether you're angry or happy or whatever that has nothing to do with what's going on. Just keep that in check.  We're human beings.  We're fallible.  We're very very emotional about everything...the math and the policy that's coming out does not represent your feelings so you're fine...

 

*** David M. Witty   Iraqi Parliamentary amendment committee fails to make any progress on article 140 of constitution regarding Baghdad-Erbil disputed areas. Some want to remove the article, some want to amend it, & some want to leave it as is.

 

 

[rvmydinar]

10 hours ago, ronscarpa said:

 They just told the world openly that they are to update the exchange rate... The shot that was heard around the World!! or WHAT!!

 

when they annouce openly to the public, hopefully this is a sign of rv with at least 1:1 that we all are waiting for almost 17 years. hopefully this will come to fruition sooner and closer.