Thursday Night Opinions - CDT - 4/22/2021

[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 

*** Clare *** Article: "Al-Kazemi: We are working to launch a comprehensive investment campaign in Iraq'" THIS IS A HUGE ARTICLE - KAZEMI  IS ACTUALLY MAKING AN ANNOUNCEMENT... "there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors," THIS MUST HAVE THE NEW RATE! imo. FRANK26...told us...ABOUT THE EDUCATIONAL CAMPAIGN COMING TO THE CITIZENS... "THE CBI/GOI ARE NOW GOING TO PUT ADVERTISEMENTS EVERYWHERE...TV COMMERCIALS... BILLBOARDS ...NEWSPAPERS...REGARDING THE NEW CURRENCY THEY'RE ABOUT TO PUT OUT AND THAT THERE WILL BE A NEW EXCHANGE RATE FOR THIS CURRENCY" ...Walkingstick GAVE US THAT INFORMATION YEARS AGO!  BECAUSE HE KNEW IT WOULD BE SO AT THE END...AND WE ARE SURELY AT THE END NOW. IMO IT IS OBVIOUS!

*** Petra *** Kazemi came out last week and said they need to get 90 billion dollars in their reserves and they're only at 60.  That kinda freaked everybody out.  But if you think about it...if they were to come out with a strong rate...you've got to remember they've done currency swaps with a lot of other countries...Saudi Arabia, Jordan, Qatar, a lot of the GCC countries.  They all hold dinar...if Iraq came out and kept their 1450 it would absolutely tank that middle eastern basket.  All their currencies would drop.  You know that's not going to happen.  That's ridiculous...(Post 1 of 2).. 

*** Petra *** If they come out really strong with their rate when they do their revaluation then all the middle eastern currencies that are the basket value increases.  Iraq has their currencies because they did the swap so guess what happens?  The reserves inside of Iraq skyrocket.  So to me, to cover that 30 billion is going to happen very very quickly if it hasn't happened already. Not to mention the amount of funds that are out there that they are going to go and repatriate and bring back into the country that were stolen, smuggled or whatever.  It's like $500 billion...yeah I don't think it's an issue at all...(Post 2 of 2).. 

 

 

*** Walkingstick *** The CBI is now getting ready.  They are about to put out information about the monetary reform to see what leaks out.  And trust me it will leak out...Why would the CBI put out information about the monetary reform?  To see what leaks out.  The CBI for the last few years has watched everybody - especially from parliament and their own CBI structure...The CBI watched very carefully all those that put out negative information  on the monetary reform.  They know where the leaks are...the CBI is about to put out information about the monetary reform - 1 to 1, the new small category notes all that stuff - to see where it leaks out and once they find where it's leaking out they'll deal with it...