Saturday Afternoon Opinions @ 5:55 PM CDT - 9/11/2021

[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  Is that right?  Did I hear a rumor they want to reinstate the rate?  That's what everybody's talking about... Article:  "Parliamentary movement to change the dollar exchange are in the 2022 budget"  Are we getting the RI here?  Be careful about how you read these articles...  Quote:   "Economy investment committee revealed...the existence of a parliamentary movement aimed at changing the exchange rate of the the dollar against the dinar and the draft budget law for the year 2022..."  Parliamentary sure is pushing back hard.  They want that rate change to happen.  We know the new budget is coming out...they're talking about moving the price down to 1190 dinars for every dollar (Note: moving the rate down is what we want to see.  That's good for dinar holders.  But moving it a lot more is better. )...

 

** Mnt Goat  I have to clarify...what...is being televised on Iraqi TV. They are simply telling the people they want to go back to the pre-December 2020 devaluation rate for the dinar. Would this be a revaluation? Yes, it would, but obviously it is NOT what we are looking for...For what we want, we need them to conduct the project to delete the zeros and bring the dinar close to $1. Then to reinstate it on FOREX. This is something that is not just going to happen overnight...It is a process and we are going to get plenty of advanced notice when it is time...

 

** Frank26  {Q? : Does the paying off the Kuwaiti debt have anything to do with the monetary reform?}  All of you who said yes, you're wrong.  It has nothing to do with it.  Nothing.  Iraq owes them 5 bucks.  So they pay them 5 bucks.  Where's the small category notes?  Where's the new exchange rate?  Yeah it helps their credit rating but it has absolutely nothing to do with their monetary reform of the Iraqi dinar...but the fact that they're making these payment tell you?  Something is going on at the CBI and the exchange rate of the Iraqi dinar...