Wednesday Midnight Opinions - CDT - 6/23/2021

[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 

*** Pimpy  Article: "Al-Kazemi's advisor: The Central Bank is able to control the exchange rate of the dollar against the Iraqi dinar"  I remember we used to talk about the exchange rate, why doesn't the government change it?  I said, because they don't have any say so.  They can complain.  They can request.  But the truth of the matter is the change is in the hands of the CBI.  They are totally separate from the government. They're independent..! 

 

*** Mnt Goat  Article: "PARLIAMENTARY FINANCE COMMITTEE WARNED THE CENTRAL BANK OF THE COLLAPSE OF THE IRAQI DINAR AGAINST THE US DOLLAR UNLESS SOMETHING IS DONE SOON."  The PRESSURE builds to do something “soon”.

 

*** Frank26  [Boots on the ground report] Firefly - "It's on television and the CBI has confirmed its commitment to a stable foreign exchange rate for the Iraqi dinar" Frank - A program rate is not stable.  There's nothing stable in a program rate.  It's extremely fragile...the CBI governor comes out and he tells the citizens of Iraq , 'We are committed to change the rate' is what he's saying...how would you like 1 to 1?   That's pretty stable...

 

***  Sheila   The CBI is coming out with a controlled float. This means they are going International. The CBI has full control. Kazemi and the CBI will tell their folks that the new CBI building is all ready…one year ahead of time…it’s modern…state of the art…it’s huge and a reproduction of the Tower of Babel.  They did not build this for a lousy rate. It’s more modern then any of ours…. Iraq is paying off all their debts. The education is flowing to all the citizens. Rasheed Bank sets the date for citizens to review the new cards…they are telling us they are changing the rate...The short of it is the CBI is in full control of changing the rate. They are about to show us….

 

 

*** Pimpy  There's talk again about the exchange rate... Article: "The dollar is falling against the dinar with the closure of Baghdad markets"  It's slow mind you, it's tiny increments, but at least it's going in the right direction...the Central Bank is doing its job.  Stabilizing it.

 

 

That's all for today folks ... Blessings ... Ron 

Edited June 24, 2021 by ronscarpa