Saturday Afternoon Opinions @ 4:15 PM CST - 2/06/2021

[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

 

 

*** Militiaman *** Article: "Al-Karawi: 5 files have not been resolved yet in the budget law" Quote: “All expectations indicate that the next week will be decisive..."  Next Week starts tomorrow. The data...suggests they have voted on many things. Much of it suggests they are going to be going to the private sector. Automation of Customs and Taxes link via the currency window of the CBI. The final nail is coming...imo..

 

*** Mnt Goat ***  Oh yeh, the budget has a new rate in it… It’s the new de-valued rate of 1450...Okay, having said this, they can still delete the zero making the rate $1.45 dinar to $1.00 dollar (inside Iraq). This could happen suddenly after they pass the budget.  I doubt it will but let’s explore it...the strategy of reducing the value of the dinar has cut their deficit in half. But what will happen to it when and if they raise the value of the dinar to $1.45? It will explode but can they handle this with proposed loans from the IMF? Time will tell what they do.

 

*** NORV *** [aka Kaperoni] Floating would harm the economy right now...without exports and a private sector, the dinar would devalue. Until they pass laws, create a private sector and invite foreign investment and diversify Iraq will continue to struggle. Only Iraq can change it.  In the meantime, Sudan is preparing to float. ...Article quotes:  "Sudan's Acting Finance Minister said in an interview this week that the country will make a decision to float its currency when it has sufficient foreign reserves, and that it is also in talks with several parties to obtain loans and grants."; "We in the government must commit to unifying the exchange rate, and the decision to float the currency will be taken after the provision of foreign reserves in the central bank, along with economic policies that regulate supply and demand,"...

 

 

[ChuckFinley]

Thanks Ron 

[fioranosportscars]

Thanks .... ✊🏼✊🏼✊🏼✊🏼

[nannab]

  Ron  As always  

[Wiljor]

Much appreciated as always Ron