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Tuesday Morning Opinions @ 8:48 AM CDT - 4/13/2021


ronscarpa
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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 

 

 

*** MilitiaMan *** They (Parliament) are clearly stating the 2021 budget has been approved to price oil in dinars now.  The PM states the 2021 budget is financing the the Port of Faw project in the billions. To price oil in dinars is only possible with an exchange rate change, imo. Whereby, if the deletion of the zeroes is to happen, then it would make sense, as there are not enough dinars in existence to do so in dinars.  With an approximate 4 million barrels of oil a day at say $65.00 brl is upwards of 379.6 billion dinars a day... Nope not going to happen imo... Drop the 3 zeros and that can happen... And hence the projects cornerstones are being put in place today. imo.

 

*** Kaperoni ***...The dinar exchange rate is the dinar exchange rate.  The word..."program rate"...was taken from IMF consultations with Iraq that referred to agreements...it is not some temporary exchange rate in anticipation of some significant other rate or RV...

 

 

:salute:Good Morning Everyone...! RON 

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