Monday Afternoon Opinions @ 3:53 PM CST - 2/15/2021

[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

 

 

*** Mnt Goat *** Remember...this year the Kuwait compensation will be all paid up and completed. This frees Iraq from any war time debt owed...

 

*** Jeff ***...Is there any news we should be aware of?  Is anything major happening that's critical?  The answer is you're seeing the last final step right before your eyes.  It's the '21 budget...I've already told you when their fiscal is.  Their fiscal year starts April 1st.  I know that for a fact because I've reached out and consulted with the Iraqi government...that's where we're at.  The '21 budget is the last step before the rate change...Iraq is very clearly walking in Kuwait's footsteps.  

 

*** Pimpy *** Article: "The price of a barrel of Brent crude oil reaches $62.34"   It seems like it's going up about a buck or so every couple weeks.  This is good.  Keep on going up.  I know we want Iraq to rely on something else other than oil but it sure would be nice if they got a lot of revenue higher than what they budgeted for. This can help them really start taking a lot of these monies...so they can start developing and reconstructing Iraq, provide jobs to the public.  This is what we're looking for...as there's more jobs that are available then...the dinar becomes stronger.