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Saturday Midnight Opinions - 2/27/2021

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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



*** Mnt Goat *** Article: "OIL REVIEWS THE FINAL VERSION OF THE DRAFT FEDERAL OIL AND GAS LAW '" ...every time Iraq gets close to a revaluation the oil and gas and the article 140 laws comes up in the news. They talk about completing it and how close they are to passing it as law. Coincidence? I don’t think so. ...they need to fully address their new constitution before they can reinstate their currency back to normalcy. They need referendums passed in parliament on both of these constitutional directives prior to going global. Sure, they can set up all the mechanisms to do so over the years, as this takes years. But in parallel to this effort, they must also get these two laws in place.


*** Jeff ***...Iraq becoming international, Article 140, HCL, the reconstruction reforms - all that is hinged upon the physical rate changing.  Once the rate changes they become international and then all those secondary dominoes will fall right into place...


*** Frank26 *** [Question: Do I need a receipt to go in to exchange my dinars? ...I lost my receipt so I'm afraid to go to a bank without my receipt. Maybe they'll think I stole it. Maybe they'll question me. Maybe they'll ask who bought this - Who does it belong to?  I'm worried about it.]  No...just my option...You're going to walk into a bank and you're going to present your dinars or you're going to have a representative do that for you.  The bank is in the business of exchanging that currency so they can make a profit off of you...They also want to keep you as a customer because once you exchange they want you to keep that money in their bank.  The bank has no interest in who bought that dinar...The bank is only there to exchange it and to follow through with their banking services.  So when do you need your receipt?  IMO you need it for your taxes...if you're ever audited... [Note:  Consult your financial advisors at the appropriate time]



:tiphat:Good Night Everyone - that's all for today ... Blessings - RON

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    • 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 


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      *** Petra *** If they come out really strong with their rate when they do their revaluation then all the middle eastern currencies that are the basket value increases.  Iraq has their currencies because they did the swap so guess what happens?  The reserves inside of Iraq skyrocket.  So to me, to cover that 30 billion is going to happen very very quickly if it hasn't happened already. Not to mention the amount of funds that are out there that they are going to go and repatriate and bring back into the country that were stolen, smuggled or whatever.  It's like $500 billion...yeah I don't think it's an issue at all...(Post 2 of 2).. 
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    • 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 *** WARNING: Rumor in the dinar community has it that a special person's name we won't mention...wants you guys to send your dinar to him to get a special rate?  I'm going to say to you the same thing I said about gold or silver - If you don't have it, you don't own it...

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    • 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 
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        *** Frank26 *** Because you have an official budget you need an official exchange rate. Who says? The Fab 4...IMO they can now change - again - the exchange rate...  
    • By ronscarpa
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        *** Frank26 *** We now have a budget for Iraq.  It's official.  This is the first budget I've seen in Iraq in my lifetime...that's extremely important...the main thing is it's now published in an official public venue the gazette.  What's the rate in that budget? ...1460.  It would have been illegal to release the budget with any other rate of 1460...right now the official exchange rate is 1460.  Period.  End of anytime they can retro the exchange rate back to January first...the CBI is going to change the rate 1 to 1 and the budget will go retroactive 1 to 1 too...the budget is not legal until it is in the gazette.  It's never been in the gazette.  It's in the gazette ladies and gentleman so NOW the change of the Iraq dinar exchange rate is game on!

        *** Mnt Goat *** Article: "ADVISOR AL-KAZEMI: FLOATING THE CURRENCY LEADS TO THE COLLAPSE OF THE IRAQI MARKET"  Salih is referring to dangers if they floated the dinar within Iraq using the program rate not reinstating and then floating it as an internationally traded currency on FOREX. The finance committee keeps pushing for an internal float. So what he is really saying is that if they are going to float the currency then first reinstate it and peg it to a “basket” of currencies for stability.   *** Militiaman *** Saleh...obviously said this today for a reason.  He's talking about not floating the currency.  He's in a sense saying we're not floating the currency but we're going to do something possibly different...he's saying that for a reason because this next stage is going to be very short and he'll need to have communicated what he's thinking.  Sometimes he tells you the opposite...they tell you what they're not going to this particular case  it sounds like he's got it sorted that...he's not necessarily going to float the currency...I'm not saying it's 100% right but the implications is it should be a strong sustainable exchange rate...
    • 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 
      *** Breitling *** People can say whatever they want.  But you're sitting here watching somebody build a race car.  You ask them are you going to go racing?  Or are you building a race car?  [They answer] 'No!'  Well you have a chassis there.  You've got the biggest engine I've ever seen, 6 point harness to keep you in in case you roll, you've got roll bars.  What are you going to use it for?  Doesn't make any sense.  You have to watch what they're doing physically...They're not always going to reveal exactly what it is they're going to do because they can't because if they do say they're going to revalue and the word gets out in Iraq they [the citizens] are not going to spend their money.  It's going to cause a huge economic crisis...they're trying to prop up their own currency.  That has not changed and will not change.  And that is exactly what Iraq is doing and you can have confidence in it...

      *** Frank26 *** There's a new rate coming...there's no need to talk about printing the currency.  There's no need talking about the HCL. There's no need to talk about the white papers...A month ago the articles were saying they lowered the value of our currency...and it's going to stay that way for 4 years...everybody got discouraged...that's beyond stupid.  None of that is logical.  Then a little over 2 weeks we told you they were going to talk to you about the 3 zero notes and then they're going to talk to you about the 3 zero exchange rate.  For the last 2 1/2 weeks articles...are saying they lowered the exchange rate and that was a dumb thing to do and we should increase where's all the negativity?  It was all garbage.  It was all rumors.
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      *** Kaperoni *** For those interested, over the weekend after being signed off by the Iraqi president the Gazette posted the 2021 budget despite objections from several political blocks. [Reposted]

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