Thursday Afternoon Opinions @ 1:57 PM CDT - 3/18/2021

[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

 

 

*** Jeff *** Article: "vote on budget bill will be postponed until after Newroz holiday: Iraqi MP" ...I fully believe they're still hiding the figures...I told you they might push this possibly until after Sunday the 21st...if they were to change the rate this month in March it's got to happen by the 21st flat out...we have reached a brick wall with our factual data.  We are now at the point where we just have to see what happens over the weekend...


*** Pimpy *** I don't do dates.  I don't do rates...I went in and speculated.  I would say based on information I can make an argument of why it might be here or why it might be there...they thought it would be somewhere around $1.37...you can speculate about it all you want.  I made arguments for a rate as high as $3.22 and I've made arguments for a rate as high as a nickel.  It really depends on a lot of different things.  That's why we pay attention to the news because all these things are factored in what this rate can be...


*** Jeff *** Article: "Kurdistan Regional Government announce the suspension of official working hours on the occasion of Nowruz holiday"  This is a federal holiday - country wide...Don't let them fool you.  It's not just a holiday.  There's bigger things happening during this period...on the 21st they will have the ISX shutdown...just so you know that was the same official holiday Kuwait utilized...for Iraq it will be Sunday morning round 7-8am their time when they change the rate...it's got to be a Sunday... history is repeating itself and Iraq is walking in Kuwait's footsteps...

 

*** MilitiaMan *** Article quote: "Passing the budget bill with the postponement of the vote on the Kurdistan quota and the exchange rate due to deep disagreements about them is impossible." ...talk about the postponement of the Federal Budget Law for 2021 is about the resolving of the exchange rate until a final agreement in that regard. Then look a bit further they have it ready and it is inevitable. So to have it resolved means they have already decided the exchange rate. They have agreed to...21-50% deductions in pay... All projects are stalled until the exposure of the rate...imo...  This data supports we are all in a good place... There is no way the Kurds would agree to deductions in salaries without an exchange rate to support it and that off sets the loss. Gear up it is getting real!...imo...

 

 

[RV MY DINAR 3USD]

8 hours ago, ronscarpa said:

*** Pimpy ***  they thought it would be somewhere around $1.37

just out of curiosity. who are " they "? whom are you talking about? you? or the cbi? or the goi? or the minister of finance?