Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Saturday Night Opinion @ 9:19 PM CST - 1/23/2021


Recommended Posts

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. :twothumbs:RON

 

 

*** Jeff *** Iraq is moving in Kuwait's footsteps.  It's that simple.  Kuwait changed their rate at the beginning of their fiscal year.  Iraq's already told you that's what their intention, goals and objections are too.  Iraq already came out telling you in print that they are going to increase the value of their currency at the beginning of a new budget period.  Iraq's new fiscal year does not even start until April 1st...Iraq has gone as far forward as they can at this point without changing the rate...once they finish the '21 budget it's game over.  After the '21 budget comes the rate change.  

 

:tiphat:

  • Thanks 2
  • Haha 1
  • Upvote 1
Link to post
Share on other sites
  • yota691 changed the title to Saturday Night Opinion @ 9:19 PM CST - 1/23/2021

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By ronscarpa
      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: "It will continue for five years and 600 pending procedures. Allawi reveals the second part of the white paper" This is the one article that people are a little bit confused about...for some reason people are thinking that the exchange rate is gonna stay the same for that long and nowhere in here does it say that it's gonna take five years before they change the rate.
       
      That's all for today folks ... Blessings ... RON
    • By ronscarpa
      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
       
       
      *** Petra ***...Remember, the WP's [White Papers ?] do NOT work at 1460 much less 1190 so the next move is on the CBI.  Making the rate change is the door requiring unlocking for the Country of Iraq to welcome in the secondary markets and other International investors to walk on in.  We know there are "Billions" on the sideline just waiting to enter when their investment dollars can be protected, monitored, and moved as necessary to impact any investment in a positive direction. With the dropping of the PR [Program Rate ?] to 1460 on 12/20 it fueled inflation as well as the 21+% increase in price/cost of goods to the citizens.  Therefore, IMO,  clearly, the excitement we saw yesterday was NOT as much the budget passed with the PR provided, but because the people know what is coming in the dropping of the 3 zero's positively impacting their imminent purchasing power and providing opportunity for all! Yup!  Show time..!!! 
    • By ronscarpa
      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: "We will oblige the government to restore the exchange rate of the dollar to what it was previously" What do they mean "previously"?  Did they mean previously to the $3.22 rate?  There's a lot of that chatter going on - Or to the one I was talking about before which is 1190 dinars...my opinion it would be back to where it was before which is one dollar for every 1190 dinars. That's just my opinion. Could they be talking about the rate that it used to be at $3.22?  People are trying to figure out what this really means...
       
       

    • By ronscarpa
      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 *** Many of the MPs say they will now boycott the voting process and not vote on approving the 2021 budget except in the case of returning the previous dollar exchange rate to 1200. So as time passes and oil rises, they are making this a contentious issue. So again, I am telling you that because oil is rising and the CBI is still keeping the rate at about 1450 tells us there is much more to the devaluation of the dinar that meets the eye. It is now obvious that it is not all just about balancing the budget and paying off debt...It was also about collecting the larger notes out of circulation in preparation for the deleting the zeros project. This project will mean a revaluation of the dinar to significant levels that we as investors want.  ... A very interesting perspective...lets hope she is correct in her observations and opinions. I would assume the CBI would be explaining to some degree to the members of the GOI their plan and intentions..without divulging the timing..! RON
       

    • By ronscarpa
      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
       
       
      *** Jeff *** Article: "Kurdish Parliament: A new round of talks for the Kurdish delegation in Baghdad next week"  For the rate change to even happen, at a minimum, Kurdistan and Baghdad have to reach full an agreements on the budget.
       
       
      *** Mark *** [Q? :  Are they preparing?] Absolutely. We had expected the budget to pass this weekend…it did not…they shelved the final vote until Mar 27 at 1 pm their time. There was huge progress made…I've heard a couple  different reasons why that vote was delayed until the 27th…but who really knows the truth..!
       
       

  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.