Tuesday Afternoon Opinions @ 5:20 PM CDT - 7/13/2021

[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:  "Confidence in the Iraqi dinar is eroding...and the prospect of removing zeros"  Here we go. We see it every 4 to 6 months - there is a report about the Iraqi dinar having the 3 zeros removed...there's a difference between removing the 3 zeros off the rate versus removing 3 zeros off the currency.  Removing off the rate - good.  Removing off the currency - bad.  Why is that Pimpy?  Because if you remove the 3 zeros off the exchange rate that means the value of the dinar has increased.  But if you remove the 3 zeros off the currency - yikes! ...there's been so many reports, report after report that says deleting the zeros affects the poor people...it would cause such an uprising its not even funny...there's nothing to debate.  They're not going to do it...


 

*** Frank26   If you look at these articles it's always the WTO coming in to try to get Iraq to join.  The latest thing is that the WTO has sent the documents and paperwork so that Iraq will sign it.  You don't see Iraq asking the WTO for these papers.  Everybody wants Iraq right now.  They know it is about to happen.  This thing is very very close...the WTO sees Iraq like a cash cow...

 

 

[ronscarpa]

Added @ 7:00 PM CDT:

 

*** Frank26   IMO the banks already have the new small category notes...they have the currency and they have been training with it.  Now they are about to have a new exchange rate for that new currency these banks of the Central Bank of Iraq inside of Iraq have been training with for a long time...that exchange rate has a solid date IMO.