Monday Evening Opinions @ 6:10 PM CDT - 10/04/2020

ronscarpa · October 4, 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

*** MilitiaMan Article: "Adviser to the Prime Minister clarifies the bonds of {construction} and their objectives" There is loads of talk about monetary policy lately. There is a focus on Bonds to jump start the private sector. The theme is to create opportunity to reduce the money supply on the street by using bonds...as an instrument or incentive to entice citizens and investor money into the bonds which reduce the money supply. Reducing the money supply creates value by a supply and demand basis. The opposite is true too, when increasing the money supply reduces value, as noted in the last devaluation.

*** Frank26 Article: "New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" Possibly new instructions for a new currency and new exchange rate!!!

*** Petra No proof of next year at all. K [PM Kazemi] has invested too much and CBI has the landing strip paved. Lol...

*** Pimpy Question: "If the dinar rate is a false program rate why are they devaluing it at all? If the true value is $3+ why would a small devaluation matter?" I'm not sure where the story of this being a false rate came from...My guess is it stems from the currency being devalued once the U.S. attacked Iraq. It was greatly devalued from one of the richest countries in the world and so it makes sense that the IQD will increase in value. This is my opinion and my opinion only. Now whether all that is done at one time through an RI or an RV or done in increments is another story...