Saturday Night Opinions @ 9:40 PM CDT - 7/24/2021

[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.  Plenty of stuff today... RON 

 

 

** Footforward  Article:  "Biden to host Iraq's prime minister at White House on July 26" Quote: "...The visit will highlight the strategic partnership between the two countries and advance bilateral cooperation under a 2008 agreement that governed the withdrawal of U.S. troops from Iraq..."  This makes me laugh...  Ya...let's have a meeting about how you pull all your troops out and how we are going to work together going forward lol...If the troops are pulling out, they have no reason to work together because Iran would take over. This is a mirage

 

** Mnt Goat   The delegation from Iraq arrived in the US this week and will begin holding meetings to discuss business beginning on Friday through the weekend and next week...There are only three main reasons why Kazemi is going to Washington, DC. 1. he wants a binding timeline for the withdrawal of foreign combat forces from Iraq. This is  only political move on his part as he knows the US forces will not be leaving Iraq for very long time. 2. he wants more US companies to come and invest in Iraq; 3. he wants the currency reinstated and normalized...If the troops don’t remain Iraq will not get the currency reinstated nor will they get US companies to invest in Iraq...

 

** Frank26  Article: "Confidence in the Iraqi dinar is eroding...and the prospect of removing zeros"  No...what?...nobody is saying they're not going to remove the 3 zeros from the exchange rate and confidence...is exploding inside of Iraqi citizens.  They know.  The citizens are now working with the banks of Iraq...it's etched in titanium... they're telling you that they are deleting it without giving you the date yet for implementation of the deletion of the 3 zeros.

 

** Breitling  Question: "I've heard you state the CBI saying 'our currency will coexist for 2 years...what would stop them from saying that means a 1000 dinar note would have the same value as a 1 dinar note?"  Why would it coexist?  It doesn't work that way.  There's no country on the planet that has ever done that.  There's no country on the planet that would ever do that...

 

** Pimpy  For those of you who don't know - RI is a reinstatement which means they give you back the original rate which was $3.22 for every 1 Iraqi dinar.   RV is when they re-value the currency which just happened at the end of 2020.  They revalued the currency of the dinar.  They devalued the currency is what they did.  They went in the wrong direction...they changed the value of the currency's exchange...