Tuesday Late Night Opinions @ 11:30 PM CST - 1/05/2021

[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

 

 

*** Pimpy  Article:  "Central Bank: The launch of the "Buna" platform for intra-Arab payments".   I'm gonna go ahead myself and make the assumption there's going to be a move to help strengthen the value of the Iraqi dinar.  I like this when I saw this...Iraq is taking big steps to get back on track...This is good news...this is great news...I see they are going to include the dinar.  This is what we want to see...this is a good step...a really good thing...Another major sign that the value of the dinar is going to go up...

 

*** Frank26  [Q? : What do you mean they lowered the price of the Iraqi dinar?]  Well they did.  That's impossible, they said they were going to raise it. It's the China syndrome.  China said the same thing back in 1995. 'We are not going to raise the value of our currency.'  So did Kuwait.  They said the same thing.  But 3 days later China changed the value of their currency.  They didn't want anyone to take advantage of them...The Iraqi dinar went down in value inside the country of Iraq...but now as of January 1st IMO they got a new rate...they are trying to tell you they don't have a program rate anymore...