Saturday Morning Opinion @ 10:00 AM CST - 1/09/20210

[ronscarpa]

Good Morning 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: "AL-KAZEMI: STOP BIDS AT THE EXPENSE OF IRAQ"  Quotes: "The Prime Minister, Mustafa Al-Kazemi, spoke on Saturday ABOUT THE LAST OPPORTUNITY TO ADVANCE THE COUNTRY,";  "...WE CARRIED OUT REFORMS AND PREPARED A WHITE PAPER CAPABLE OF FACING THIS CRISIS AND THE COMING CRISES, AND WE WILL NOT ALLOW THE COLLAPSE OF IRAQ OR ITS BANKRUPTCY..."; "THE YEAR 2021 IS THE YEAR (THE IRAQI ACHIEVEMENT). WE WILL ALL REACH THIS ACHIEVEMENT QUICKLY AND EFFICIENTLY, AND THE STATE WILL PREVAIL. IRAQ WILL TRIUMPH OVER ALL CHALLENGES."  I have said this before that this is Iraqi’s last chance for the needed reforms. There will be no other opportunities. Heh, didn’t they tell us recently that they planned on a 5% GDP in 2021?

 

*** MilitiaMan *** Article: "Iraqi Finance announces new developments in the dinar  exchange rate"   They say this is a new development in the dinar exchange rate. Well, fairly sure we can see that this was a part of the plan for some time and they are rolling out that plan...They used the Devaluation on purpose, imo, knowing that there would be effects both of which served a purpose to stimulate the citizens to bring in additional 3 zero notes, citizens feeling that if they devalue again to 1660 they would lose even more purchasing power. ...Regardless the plan was to be short lived and it appears to be the case now As, we see the Finance Minister has promised today to make an amendment to the exchange rate for positive effects and with supportive measures...It sure looks like the process was to devalue ahead of the revaluation to come as part of the plan has legs. The US Fed told us they can Devalue and Revalue and it appears to be holding true.

 

 

Edited January 9, 2021 by ronscarpa

[ronscarpa]

Added @ 12:32 PM CST:

 

*** Ray *** PARLIAMENT IS IN SESSION TODAY...READING THE BUDGET.  TIME WILL TELL.