Friday Afternoon Opinions @ 2:00 PM CST - 2/19/2021

[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

 

 

*** Jeff *** What are we waiting on? Who do we listen to?  The CBI.   What did the CBI tell us?  Years ago the CBI told us that we're waiting on a fiscal budget year before that rate is going to change.  When the CBI talks we listen.  When does Iraq's fiscal year start?  Google tells us it's January...Google and the internet are incorrect...the last data Iraq revealed publicly for a fiscal year came form the last budget they did, which was 2019.  When you google Iraq's fiscal year you're seeing old data from 2019 because Iraq never did a 2020 budget.  That data about the country's fiscal years comes from the last page of their budget.  
 
 

*** Walkingstick & Frank26 *** ...you have to know when to hold'm and when to fold'm...After they raise the value and they introduce the small category notes there's going to be a time-frame for the Iraqi citizens to exchange their notes inside of Iraq...the 25K also has a set time in which the Iraqi citizens can exchange it - anything after that null and void for them.  "Just inside?" Yes.  So there's a set time in which the Iraqi citizens will have to exchange their 3 zero notes to pick up their 250, 500, 1000 notes that have already been printed...there is also a very specific time-frame for them to exchange the higher notes like the 25k notes...(post 1 of 2)...more to come

 

*** MilitiaMan *** Article quote: "Following the successful completion of trials, the digital transactions scheme will be activated with participating banks on Feb. 21, according to Asharq Business."  they are to have internal digital payments on 02/21/2021. Keep in mind they connected to the BUNA system too.  The Buna system is digital as well. Iraq's border's were to be digital or electronic on 01/15/2021.  ...A level playing field has a digital signature all over it... imo... I like what I see and soon to be even better!! All of the afore is not a coincidence... It is imo by design.