Saturday Noontime Opinions @ 12:03 PM CDT - 4/03/2021

[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

 

 

 *** Kaperoni *** Yesterday, direct from the Finance Minister when referring to the exchange rate stated this... "The current price of the Iraqi currency against the US dollar after its devaluation will continue for a long time, and a full float may occur in the future, but the...central bank will now work to maintain the current exchange rate level for as long as possible."  I think that is pretty clear. And as I stated before, a float is how monetary policy works. Only with the success of Iraq's economy can the Iraqi dinar go up in value. With the recent passing of the 2021 budget, we have to hope this is the beginning of a prosperous Iraq.

 

*** Pimpy *** I do think it's [the dinar] going to rebound. If they can keep stable with no issues and do away with as much corruption as possible like they've been doing and they start doing these private sector build ups, yeah you're going to see the currency rebound.  I think it's going to happen quickly.  Sure it might not happen overnight but IMO it's going to happen quickly enough...

 

 

[BETTYBOOP]

I hope kaperoni is wrong. I want it like yesterday

[ronscarpa]

Added @ 1:11 PM CDT:

 

*** Adam Montana *** This anticipation is kind of getting to me.  Article quote:  "The House of Representatives voted today on the General Budget Law for 2021..."  We are ridiculously close to seeing some HCL info...WTI is currently in the $61 range. The budget was formulated at much less than that. This is GOOD.   HCL is on the way...  GOOOO RRRRRRR-VVVVV!!!

Taken from another site that posts snippets from AdaM'S CHATS. SEE HIS FULL CHAT @ Adam Montana Update 2 April 2021