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Thursday Night Opinions @ 11:15 PM CST- 3/11/2021


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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

 

 

 

*** Frank26 *** The moment the Iraqi dinar inside of Iraq goes up in value because they have lifted the 3 zeros off their exchange rate...the Real Effective Exchange Rate will be applied to the Iraqi dinar externally...they are about to give the citizens of Iraq the new small category notes at a 1 to 1 rate for their currency...not only domestically but internationally ...I think in about 8 month approximately give or take you will see not a 1 to 1 rate anymore...it walks toward the REER [Real Effective Exchange Rate]...

 

*** Mnt Goat *** Article: "AL-HALBOUSI: PRESENT THE BUDGET TO A VOTE SOON, AND WE WILL PROCEED WITH THE LEGISLATION OF THE OIL AND GAS LAW"  I have always said that Iraq will need to fully implement their new constitution of 2005 no matter what this means prior to the reinstatement of their currency. There is not much more to do. We know they need a referendum for the Article 140 part to settle how these disputed pieces will be managed and who will manage them. There is also the infamous oil and gas law. Both of these are now in their final stages and we should finally see them. There is also the court reforms that are expected...:twothumbs:


 

*** Mark *** Well, if you are following any news from Iraq you should be excited…they are ramming HCL (Hydro Carbon Law) through so they can change their value:twothumbs:


 

*** Pimpy *** Article: "Member of Parliament on the exchange rate of the dollar:  It will continue until this date"  What?  Is there a date for the rate..? Quote: "...calls for a reduction or restoration of the exchange rate to its previous state."  ...what does this mean? ...some people think it means restoring it to its previous rate of $3.22 for every dinar...It isn't very clear here...IMO a jump that big at this moment would be a bad move...It would cause the collapse of the dinar jumping to the $3.22 rate.  Not quite yet.  Let's let them get things going and then let's see what happens.  Restoring it back to the 1190 level I can see that...yes you guys can make all kinds of arguments both ways about what the rate should be.  I understand that... does that mean it will never change No...it could change by next month that's the thing, we have to watch what they do...When Kuwait went to change their dinars they told people it wouldn't happen for years then it happened two days later...:twothumbs:

 

:tiphat:

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1 hour ago, ronscarpa said:

*** Frank26 ***  ...it walks toward the REER


And Then That’s Where Frank Meets Bun ! :o 

 

image.gif.92e0d4da945caf434e003f2477ae09fa.gif
 

:D  :D  :D 

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2 hours ago, ronscarpa said:

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

 

 

 

*** Frank26 *** The moment the Iraqi dinar inside of Iraq goes up in value because they have lifted the 3 zeros off their exchange rate...the Real Effective Exchange Rate will be applied to the Iraqi dinar externally...they are about to give the citizens of Iraq the new small category notes at a 1 to 1 rate for their currency...not only domestically but internationally ...I think in about 8 month approximately give or take you will see not a 1 to 1 rate anymore...it walks toward the REER [Real Effective Exchange Rate]...

 

*** Mnt Goat *** Article: "AL-HALBOUSI: PRESENT THE BUDGET TO A VOTE SOON, AND WE WILL PROCEED WITH THE LEGISLATION OF THE OIL AND GAS LAW"  I have always said that Iraq will need to fully implement their new constitution of 2005 no matter what this means prior to the reinstatement of their currency. There is not much more to do. We know they need a referendum for the Article 140 part to settle how these disputed pieces will be managed and who will manage them. There is also the infamous oil and gas law. Both of these are now in their final stages and we should finally see them. There is also the court reforms that are expected...:twothumbs:


 

*** Mark *** Well, if you are following any news from Iraq you should be excited…they are ramming HCL (Hydro Carbon Law) through so they can change their value:twothumbs:


 

*** Pimpy *** Article: "Member of Parliament on the exchange rate of the dollar:  It will continue until this date"  What?  Is there a date for the rate..? Quote: "...calls for a reduction or restoration of the exchange rate to its previous state."  ...what does this mean? ...some people think it means restoring it to its previous rate of $3.22 for every dinar...It isn't very clear here...IMO a jump that big at this moment would be a bad move...It would cause the collapse of the dinar jumping to the $3.22 rate.  Not quite yet.  Let's let them get things going and then let's see what happens.  Restoring it back to the 1190 level I can see that...yes you guys can make all kinds of arguments both ways about what the rate should be.  I understand that... does that mean it will never change No...it could change by next month that's the thing, we have to watch what they do...When Kuwait went to change their dinars they told people it wouldn't happen for years then it happened two days later...:twothumbs:

 

:tiphat:

Mark is a flog...,no hcl no hydrocarbon law! National oil company law been around since 70’s

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2 hours ago, ronscarpa said:

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

 

 

 

*** Frank26 *** The moment the Iraqi dinar inside of Iraq goes up in value because they have lifted the 3 zeros off their exchange rate...the Real Effective Exchange Rate will be applied to the Iraqi dinar externally...they are about to give the citizens of Iraq the new small category notes at a 1 to 1 rate for their currency...not only domestically but internationally ...I think in about 8 month approximately give or take you will see not a 1 to 1 rate anymore...it walks toward the REER [Real Effective Exchange Rate]...

 

*** Mnt Goat *** Article: "AL-HALBOUSI: PRESENT THE BUDGET TO A VOTE SOON, AND WE WILL PROCEED WITH THE LEGISLATION OF THE OIL AND GAS LAW"  I have always said that Iraq will need to fully implement their new constitution of 2005 no matter what this means prior to the reinstatement of their currency. There is not much more to do. We know they need a referendum for the Article 140 part to settle how these disputed pieces will be managed and who will manage them. There is also the infamous oil and gas law. Both of these are now in their final stages and we should finally see them. There is also the court reforms that are expected...:twothumbs:


 

*** Mark *** Well, if you are following any news from Iraq you should be excited…they are ramming HCL (Hydro Carbon Law) through so they can change their value:twothumbs:


 

*** Pimpy *** Article: "Member of Parliament on the exchange rate of the dollar:  It will continue until this date"  What?  Is there a date for the rate..? Quote: "...calls for a reduction or restoration of the exchange rate to its previous state."  ...what does this mean? ...some people think it means restoring it to its previous rate of $3.22 for every dinar...It isn't very clear here...IMO a jump that big at this moment would be a bad move...It would cause the collapse of the dinar jumping to the $3.22 rate.  Not quite yet.  Let's let them get things going and then let's see what happens.  Restoring it back to the 1190 level I can see that...yes you guys can make all kinds of arguments both ways about what the rate should be.  I understand that... does that mean it will never change No...it could change by next month that's the thing, we have to watch what they do...When Kuwait went to change their dinars they told people it wouldn't happen for years then it happened two days later...:twothumbs:

 

:tiphat:

If they restore to 1190 then delete zeros might be same as contract rate makes sense!

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3 hours ago, ronscarpa said:

*** Pimpy *** No...it could change by next month that's the thing

Next month? Month of april? I thought jeff said the date is going to be on march 20/21. Which date is the right one?

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6 hours ago, screwball said:

If they restore to 1190 then delete zeros might be same as contract rate makes sense!

If they delete the zeros off the 1190 rate it gives us .83¢/.84¢ which is the rate I’ve been expecting/hoping for a few years now. I hope we’re there ... 🙏🏻

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17 hours ago, DinarThug said:


And Then That’s Where Frank Meets Bun ! :o 

 

image.gif.92e0d4da945caf434e003f2477ae09fa.gif
 

:D  :D  :D 

I started the day with this Thug.

Thank you. Cracked me up.

To be frank with you, you've bun a good boy!

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On 3/12/2021 at 12:18 PM, ronscarpa said:

*** Frank26 ***  I think in about 8 month approximately give or take you will see not a 1 to 1 rate anymore...it walks toward the REER [Real Effective Exchange Rate]...

if not 1 to 1 rate, then what rate would that be then?

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