Tuesday Noontime Opinions @ 12:22 PM CST - 12/08/2020

[ronscarpa]

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

 

 

*** Frank26 *** ...there's negotiations between the IMF, which to me is the Fab 4, with the Minister of Finance regarding what?  The budget?  No.  Regarding the white papers?  No.  Regarding changing the exchange rate of the dollar against the Iraqi dinar.  That's a powerful statement for these people to be saying.  I was floored by it...

 

*** Pimpy ***  Article: "Parliament Presidency:  The 2021 budget will be approved faster than its predecessors"  I'm excited about it.  I'm curious to see where this is heading.  Yes, we know about the rate change.  It looks like it's going to happen.  I'm surprised they're being so open about it...It looks like this budget is going to be done ahead of time.  Nice.  We'll see. 

 

*** Jeff ***  Article: "Urgent Parliamentary Finance: The government will reformulate the 2021 budget and send it to Parliament next week"  Quote: "Ministry of Finance and the International Monetary Fund to update the exchange rate of the the Iraqi dinar..."   I stressed to you that the borrowing law was the last step needed in order for them to change the exchange rate.  That's why right now Iraq's putting a huge emphasis on the exchange rate, their economy and on the banking reforms...they have to change the rate by the back wall the end of March...everything's looking really good...