Thursday Midnight Opinions - CDT - 6/10/2021

[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 

 

 

*** Kaperoni  One of the most frustrating things is to watch the Central Bank of Iraq and its new governor learn the procedures they need to maintain the exchange rate. This seems to happen every time they get a new governor. Maintaining the spread is a balance between dinars in dollars. The CBI needs to make sure that they are fully liberalized to provide that foreign currency per IMF guidelines.  It's also a catch-22 of sorts because they don't want to just spend all of their reserves to fulfill the demand when the majority of the demand are people manipulating the system for profit. The solution is to curb this corruption not reduce the foreign exchange. But Iraq seems to have an inability to do so. As a result we see the foreign exchange at the auctions continually going up. And when they reduce the currency available then the spread begins to climb.

 

*** Walkingstick   I want you to notice something.  These terms 'implementing a new mechanism' are being used for everything that's needing a new exchange rate.  They are implementing a new mechanism...You know them all  - the salaries, the budget, the HCL, the farmers, the white papers.


*** Pimpy  Article: "Dollar price close at 150 thousand dinars in Baghdad"   For every dollar you get 1500 dinars.  It's going in the wrong direction.  This means people are losing faith in the dinar and they're getting away from it by grabbing US dollars.  You don't want that to happen.  You want people to stay confident in their currency.  The government is going to have to do something about that and I think we're going to see that real quick.

 

*** Frank26   Kazimi and Ghaleb are in cahoots.  They are on the same floor.  They are standing on the same terra firma.  They understand exactly what they are doing with their reforms.  One of them is in charge of one reform.  And the other one is in charge of the other reform but ironically enough one reform can't be launched without the other reform going first or simultaneously.  Ghaleb and Kazimi are in deep conversations with the Fab 4...they meet everyday...right now the topics they are having...are hot on the economic and monetary reforms...

 

 

[yendor]

It is amazing to me how these guys can say the same thing in so many different ways year after year after year. It sure makes my initial feeling that this venture was "too good to be true" a true feeling. But I am in this 'til the end..... My end or a revalue end. Unfortunately it will probably be my end. But, it's given me some kind of hope this past decade or so

[fioranosportscars]

I suggest everyone on here invest in cryptos … you’ll have a better and faster turn around on your investment…

[Longtimelurker]

4 hours ago, fioranosportscars said:

I suggest everyone on here invest in cryptos … you’ll have a better and faster turn around on your investment…

I think 99% of cryptos have 1 more run in them after this retracement is finished. I expect a large run when the currencies tank just before the reset. The time to sell will be after this next run up, probably around November/December (maybe sooner). After that the digital currencies that countries offer that are backed by assets will take over.