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Sunday Morning Opinions @ 9:35 AM CDT - 8/29/2021


ronscarpa
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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. :twothumbs: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...

 

 

:tiphat:Good Sunday Morning DV ... have a Blessed day ... RON 

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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!    :bravo:

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    • By ronscarpa
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