Friday Evening Opinions @ 7:10 PM CDT - 4/30/2021

[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 

 

4-30-2021   Newshound Guru Breitling  [Question: "What are Iraq's currency financial policies?"]  They're asking this for the sake of IQD.  Their [Iraq's] number 1 policy right now is to get companies and countries into Iraq that want to do business and then at the same time they're lowing their debt. That's the one-two punch. You all know they want to add value to their currency..(Post 1 of 2).. 

 

*** Breitling ***  Watch policy and guess what?  You'll find out this whole thing is clear as a bell.  Iraq is going to revalue.  They're going to add value to their currency and there is no threat to it...I don't see anything negative going on at all...It's very simple they want to add value to their currency.  They're trying to find a way to do it.  Remember it's an artificially devalued currency.  They need to find a way to maintain the rate they come up with.  There's more than one way guys...(Post 2 of 2)..

 

*** Pimpy *** There's good news...Article: "Parliamentary Finance: High oil prices will eliminate the need for loans"  That's right clap your hands!  Thank God.  Seriously.  We don't want Iraq taking loans out because then you become beholden to the lender.  Whether it's the IMF or the World Bank or China... Quote: "...high oil prices will cover the operating budget deficit without going to internal or external loans."  What does this mean?  If you're able to cover the deficit, able to get back on track, you're implementing new programs, well maybe you don't need to wait 3, 4, 5 years for a rate change.  They're recovering a lot faster than people think.  This type of news is good. 


*** Frank26 *** Don't forget what I told you. You asked God to bless you with this investment. So God says 'Get in the car.! I'm going to drive you to the investment.' And you're sitting in the back seat but every 5 seconds you tap on God's shoulder, 'Are we there yet?'  And God's like, 'Really?'


*** Kaperoni ***  sandyf wants to get into a discussion with me about floating the Iraqi dinar...read the IMF Article IV Consultations...quote from the IMF Article IV consultation of 2013: “14. The de facto fixed exchange rate has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future. In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy.  Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”   In plain English the IMF is encouraging Iraq to get off the peg and move to a float to allow a predictable and gradual appreciation over time as the economy grows. They are not talking about devaluation. (reference sandyf post on 4-26-2021)...and the war of words and opinions continues...LOL..!

 

 

Edited May 1, 2021 by ronscarpa

[nannab]

Thanks Mr. Ron  

[3 bucks new rv rate]

5 hours ago, ronscarpa said:

*** Kaperoni *** In plain English the IMF is encouraging Iraq to get off the peg and move to a float to allow a predictable and gradual appreciation over time as the economy grows.  

hey kaperoni, what we really want is a revaluation, not a floating.

[yendor]

4 hours ago, 3 bucks new rv rate said:

hey kaperoni, what we really want is a revaluation, not a floating.

 

 

What we want or what we get, I would just love to see some kind of positive movement that increases the value of these Dinars that we are holding.

ANYTHING ! Just Git 'R Done !

[rvmydinar]

55 minutes ago, yendor said:

I would just love to see some kind of positive movement that increases the value of these Dinars that we are holding.

ANYTHING ! Just Git 'R Done !

That's what we all are waiting for almost 18 years. However, We all don't want to wait for another 20 years or more and hopefully not.