Saturday Noontime Opinions @ 1:05 PM CDT - 4/17/2021

ronscarpa · April 17, 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

*** Pimpy *** One of the articles says that Al-Kazemi is going to appeal the 2021 budget. What that has done is started all kinds of rumors in our nifty little arena of the Iraqi dinar. People are like 'oh yeah they're going to change the rate again.' Guys we don't know what they're going to do okay. Is it possible? Of course. Anything is possible. First things first...he wants to put in some amendments. Nobody knows what those amendment are...people are saying that in there is going to be the rate change. There's no proof of that anywhere. Does that mean it won't happen? No. Does that mean it will happen? NO. That's the point. We won't know until they do it...changes are coming. We'll see what they are shortly.

*** Mnt Goat *** We all need to relax and let this play out in Iraq. All the conversations now are about implementing the financial reforms, as listed in the “White Paper”. ...We know that the White Paper states that the project to delete the zeros will be completed. So, it’s now on the radar, its documented and they can’t avoid it much longer. Oh… we know the budget is passed and ratified. We are just waiting for the publishing in the gazette. But will we get the RV once it’s in the gazette...No one knows for sure but I will say the IMF does want Iraq to get its act together and follow a budgetary process. It is now done. But the CBI has said noting about an RV anytime soon. Is this just a coverup for what they might do? ...So far the CBI is not advertising any rate change in the next 2 years. Yes, two years. Will it take that long?

*** Frank26 *** They will float it [the dinar]. And the reason why is because internally they have fixed it [fixed rate] and they will float it internationally...that float equals a middle eastern basket that the Iraqi dinar will be in there with the American dollar 1 to 1 and all of these other countries that are around the Middle East they're gonna pour into that basket...maybe 6,7,8 different countries...those other counties will also be 1 to 1 with the American dollar.