ronscarpa Posted August 29, 2021 Report Share Posted August 29, 2021 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 Shabbibi was pissed off because he was not a fan of their [WTO] monetary policy. He said they did a great job of lowering inflation but it did nothing to help the growth of the economy because the exchange rate was too low...you can see that's where they are now...when people go, 'oh man that rte change is never going to change.' Oh , it's going to change. If he's saying it didn't help with the economic growth because of the exchange rate being too low what the hell do you think that means? Right now they're trying to rebuild. If they really want to boom an economy get people back into work, they're going to have to change the rate of exchange. Sooner or later you need more purchasing power... *** Frank26 Article: "The minister of Finance announces the completion of the preparation of the 2022 budget and comments on the exchange rate change" How else can they tell you they raised the value! What more do you want? ...they will announce it when it's time. They will announce it to their citizens and you will hear about it. It will be world news across the board. ABC, NBC, CBS...will carry it... Quote: "The minister of Finance Allawi...The process of changing the exchange rate was not easy. The dollar exchange rate should have been changed years ago, which reflected something beneficial to reform the economic system." Monetary reform First - economic reform Second... *** Breitling Question: "I understand Iraq will join the WTO by the end of the year, apparently they have to add value to the dinar before they can join. How true is this?" It's not true at all. They probably will be in the WTO by the end of the year but look at China. They're in the WTO. They're the biggest currency manipulators on the planet... Good Sunday Morning DV ... have a Blessed day ... RON 1 11 Quote Link to comment Share on other sites More sharing options...
adlon Posted August 29, 2021 Report Share Posted August 29, 2021 Maybe this will help the situation. https://news.yahoo.com/iraq-eyes-regional-role-looks-095309898.html 1 1 1 1 Quote Link to comment Share on other sites More sharing options...
markb57 Posted August 29, 2021 Report Share Posted August 29, 2021 China and Vietnam both are the 2 worst currency manipulators and both in WTO... 1 Quote Link to comment Share on other sites More sharing options...
markb57 Posted August 29, 2021 Report Share Posted August 29, 2021 2 hours ago, adlon said: Maybe this will help the situation. https://news.yahoo.com/iraq-eyes-regional-role-looks-095309898.html there they go again with their greedy paws out again yet they are buying billions in T-Bills.....WTF! 2 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted August 30, 2021 Report Share Posted August 30, 2021 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted August 30, 2021 Report Share Posted August 30, 2021 I don't mind that they manipulate their currency, as long as they make it somewhat reasonable. Let's say they come in at 1:1, but their real value is 3.22, good for them. I will be running to bank! 4 2 Quote Link to comment Share on other sites More sharing options...
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