Tuesday Night Opinions @ 10:00 PM CST - 3/09/2021

ronscarpa · March 10, 2021

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: "Al-Halbousi directs to include the budget bill next Monday" I think we are at a place right now where this negotiation is going to get finalized between Erbil and Baghdad and you're going to see shortly after that the budget go ahead and passed. Something about the presence of the pope changed people's views on things and they decided to start cooperating which is very good...

*** Mnt Goat *** ...March is going to be a very significant month for everyone everywhere. This week I took the time to call my contact person in the CBI. I am told the IMF just completed a week-long high-level meeting with to finalize the project to delete the zeros and just how they plan to roll it out...Why would they do this now? Also, in this meeting they talked rates for the in-country revaluation and then the later reinstatement. The rates are rising as oil is rising to over $70+ a barrel. I was reminded by my contact that they will soon be no longer dependent on the currency auctions. This was fantastic news as I know what this means. They have not yet used the Buna system but are fully functional and tied into it...

*** Mark *** We are in a good spot right now…sit tight…we are awfully close to the end of this...the folks on the ground in Iraq are also expecting a major announcement about their currency within the next few weeks. In Iraq they very much expect a new value before April 1st. Even Mike Cottrell thinks we could go at any moment…i would not be surprised for it to happen at any moment.