Wednesday Morning Opinions @ 11:25 AM CST - 2/17/2021

[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

 

 

*** Pimpy *** Article: "Saleh: High oil prices will push the government to prepare a supplementary budget"  I already heard some of the gurus out there thinking that this is something to do with changing the rate...IMO nowhere on here does it say this would affect the rate of the dinar.  One of the reasons why they have a lower deficit than they had before is because they devalued the dinar.  So if they wanted to hurry up and be able to cover their budget you might not see a change in the rate of the Iraqi dinar...

 

*** MilitiaMan *** Article quote: "An economist warns of a decline in the citizen's purchasing power as the dollar’s exchange rate continues to rise"  ...a move to the private sector is upon Iraq...If not disaster looms... We see that the dollar auctions are not the same as they were in the past and now there are calls now for them to cease abroad as well, imo... That is powerful. 0 $ - Auctions, means to me a rate change is coming to offset the liquidity needed to run the country with new Dinar... Fairly sure that is the plan and the world knows it... As in the G7, UST, IMF, WG, WTO, BUNA, SWIFT, etc... All support the move and even a digital one...they are all involved in the architecture of the larger plan...imo... Unfortunately today there were cash sales: 

Total sale cash

200,000

 

 

Edited February 17, 2021 by ronscarpa

[jeepguy]

200  thousand  in sales? 

That would be a huge drop in  amount of money 

[Half Crazy Runner]

1 hour ago, jeepguy said:

200  thousand  in sales? 

That would be a huge drop in  amount of money 

Unfortunately, it was $200,000 in cash sales. Total sales were around 50 million I think. 

[ronscarpa]

1 hour ago, Half Crazy Runner said:

Unfortunately, it was $200,000 in cash sales. Total sales were around 50 million I think. 

 

See today's CBI Daily Currency Auction @ 

CBI Daily Auction & Currency Exchange Rates - Wednesday - 2/17/2021