Tuesday Afternoon Opinions @ 3:55 PM CDT - 4/06/2021

ronscarpa · April 6, 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

*** Frank26 *** Only pay attention to the Prime Minister Kazemi. Only pay attention to the Central Bank Governor Mustafa...all the negativity you see out there in those article you have been well trained how to decipher it...I saw a post from someone today that said I saw that article today it was from parliament, yeah it was his opinion so I flushed it. I posted well done good student...that's how you get rid of these headaches. If you really want to be aware of what you're doing with this investment you have to be a good student...

*** Mark *** The good news coming out of Iraq is they shut down all foreign currency auctions on us dollar and Iraqi Dinar yesterday…they won’t sell any more in anticipation of the change in value. One article I read is (if translated right) sometimes in the next 10 days they expect a change in value. Why didn't he post the article...maybe because there wasn't one..!

*** Petra *** Stopping the auctions...nobody wants to be on the bad side of the equation. I consider it like hot potatoes...You didn't want to be stuck with the hot potato when the music turns off. The banks are feeling the same way. They don't want to be stuck holding that hot potato and they lose on the transaction. They're very very conservative. IOO they are being very wise in holding off on those auction until next week. There's got to be a reason for that. Right now the budget has not formally become law because it has not been signed by the president to our knowledge and it has not gone into the gazette. The president has between 3 and 15 days to sign that budget...we have until the 14th for that event to occur. Again, rate before budget. The rate has to be in that budget before it becomes law. We're in quite a countdown now.

:salute: