Saturday Evening Opinions @ 11:35 PM CST - 1/02/2021

[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:  "ECONOMIC WELCOME TO THE DIRECTIONS OF RAISING THE INTEREST RATE ON DEPOSITS"  ...They are telling us what the CBI is doing with the devaluation. ...They need to collect these 3 zero notes and if they can’t get enough of them off the streets they are not going to go ahead with the project to delete the zeros. ...they are following the process. So if a part of it is slowed down then they have to wait, but the process is being followed. ...the devaluation was a very desperate move on the part of the CBI and they did not want to do it. They were forced to do it in order to get the loan from the IMF to pay December salaries. Also because they got the loan it was conditional on following the advice of the IMF and the World Bank on the next steps to get to the final outcome and reinstate the currency. It may seem all is lost now but the plan is working so far.

 

*** Jeff *** Article: "Parliament Finance talks about attempt to withdraw the Iraqi dinar from the local markets"   The reason they're putting the dollar into the market and getting the dinar out of the market is they're trying to reduce the amount of dinar in the county in preparation for the rate change.  This is a direction that came from the World Bank and the IMF...You are literally in the season for the rate change.  You're there finally...they have the stage set for the rate change.  We are in the best position we've ever been in...

 

 

That's it for today Folks ... Blessings ... RON