Saturday Midnight Opinions - 2/27/2021

[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 *** 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]

 

 

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