Tuesday Midnight Opinions - CDT - 8/10/2021

[ronscarpa]

 

 

 

** Frank26  Article: "The exchange rate of the dinar enters the electoral fray in Iraq"  They're talking about the exchange rate again and they're doing it because there's an election coming up.  This is perfect timing because the 'good guys' are telling the citizens about a change in the exchange rate and new currency coming out.  Now the 'bad guys' are doing the same thing.  Why?  Because they want to buy votes...

 

** Breitling  We're getting indications from Warka [Iraqi Bank] because they passed laws/set the infrastructure so they can do more international business with their currency.  Not the U.S. dollar...their biggest solution is to add value to their own currency.  They're not going to come out at a super low rate because it wouldn't fix anything...a currency that's worth nothing, how's that going to help Iraq?


** Frank26  What's in the White Papers?  IMO the exchange rate...The White Papers are in the budget.  Does the budget have the new exchange rate?  Yeah.  What else is in the budget?  The HCL.  Is the new rate used in the HCL?  Yeah...

 

** Walkingstick  The monetary reform has to be wrapped up in the economic reform.  Many article are proving it day after day...you can't have the economic reform without the monetary reform first...the Iraqi citizens like that because they're going to get jobs/because of their economic explosion/because of the monetary reform...Kazemi is talking about both reforms and promising to the citizens that it's coming...

 

** Kaperoni  ...The white papers have nothing to do with Iraq's exchange rate. White Papers are a roadmap of sorts to  implement a private sector market economy.