Sunday Midnight (CST) Opinions - 2/28/2021

[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

 

 

*** MilitiaMan *** Article: "Zafer Al-Ani: Parliament Will Continue Its Sessions Until The Budget Is Approved" Quote: "the budget has reached its final stages, leaving nothing but the announcement of the agreement with the Kurdistan region regarding the percentage determined for it in the budget and other matters that will be completed within the next few days."  Well well well. They are continuing the session tomorrow. The 1st of March. They'll be at it until budget law is approved, so they say. Leaving nothing but an announcement. Well they'll need to announce a rate with that now wouldn't they?  ...A new exchange rate can fix many ailments.. imo...

 

*** Pimpy *** The problem with us dealing with the dinar is this.  In order for the dinar to have any kind of purchasing power or to get any real change on the exchange rate there has to be some stability there.  Already all around we're starting to see crap happen.  Iran, Syria bombings, missile attacks within Iraq...Biden hasn't even been in office two months and already the ****'s falling apart...I don't like the way it looks although there's some good things happening over there in Iraq.  The financial grade [B rating] is good.  The reserves are building that's good...so there are some good things.  I'm just pissed about the way this current administration is too much into bombing crap...You gotta take the good news, bad news, the ugly news.  You gotta take it all. Stay grounded. 

 

*** Jeff *** [Question: "How will the Iraqi people prosper from or benefit from the rate change?"] ...it gives the Iraqi citizens and the Government of Iraq purchasing power...there's only one way for Iraqi citizens to get rich.  They have to keep and exchange the 3 zero notes after the rate change...

 

 

That's all for today folks ... Blessings ...  RON