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Saturday Night Opinions @ 11:22 PM CDT - 10/23/2021


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  

 

 

** Breitling  Question: "When Iraq puts value on its currency will it start out at .40 cents, .50 cents I've heard they want to get it to a dollar."  That's exactly what they want to do.  At a minimum they want to get it to $1.17.  Remember parliament, The Ministry of Planning, The Ministry of Finance wrote a letter to the IMF - 'can you help us get our currency back to $3.25'.  'Absolutely we can help you do that.'  But it's a process...the .50 cents and above - where that came from is what do they need to have a GDP that can maintain the country and help it grow at a healthy 4% per year and...help expand their markets.  At the point I was doing that math (it might have changed a little bit) it was like .58 cents.  The best math we could come up with.

 

 

** Vital Brad  People talk about the contract rate.  I'm not a financial advisor...make your own financial choices...Here's my thought with the contract rate...I've heard some people say that, 'Oh when you exchange your dinar there's going to be a contract rate of at least $30.'  I'm like - huh? - there is no contract rate..! ...IMO $3.22 (is possible) for the dinar.  That's what the Iraqi dinar is worth based on that particular country's assets and wealth...If [the rate is] $3.22 how can someone get $30?  An exchange rate is an exchange rate.  Who's paying out the difference...I'm not trying to burst anyone's bubble.  That's not my intention...I think the rate is going to come out at the rate it's going to come out at and I don't think there's going to be a contract rate.  My opinion only...

 

** Pimpy  Article: "For the second day, the dollar exchange rate fell. That's right the dollar is losing ground on Iraqi dinar but it's not like it's huge leaps and bounds.  They're very small but the dollar is becoming weaker and Iraqi dinar will become stronger...
 

 

:salute:

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1 hour ago, ronscarpa said:

 

** Pimpy  Article: "For the second day, the dollar exchange rate fell. That's right the dollar is losing ground on Iraqi dinar but it's not like it's huge leaps and bounds.  They're very small but the dollar is becoming weaker and Iraqi dinar will become stronger...

The dollar is heading toward hyper inflation under this Administration. Buckle up. Let’s go Brandon!

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1 hour ago, ronscarpa said:

** Breitling Remember parliament, The Ministry of Planning, The Ministry of Finance wrote a letter to the IMF - 'can you help us get our currency back to $3.25'.  'Absolutely we can help you do that.'  

Hey Breitling, Just wonder, did the minister of finance really write a letter to the IMF about getting the rate back to $3.25? Is there a source/ link to back it up? I would love to read it.

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 I rarely post as you can see. I am just curious if this could be a possible rate from what I heard. 4 million dinar is

now 4 thousand dinar and it values at $16000. This sounds like a lop!  Rate would be $4 after a lop. I just don't know but

I am deflated from this news. I'm just wondering if anyone else has heard this?

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if they want to Lop, they could have done it a long time ago, no need to wait until almost 18 years just to Lop.  however, they did devalue ( NOT LOP ) the iqd from 1190 to 1460 back in December 19, 2020. only believe what they do, not what they say because they are full of talk talk talk BS and like to delay because they love more vacations than working.

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14 hours ago, Brenna said:

 I rarely post as you can see. I am just curious if this could be a possible rate from what I heard. 4 million dinar is

now 4 thousand dinar and it values at $16000. This sounds like a lop!  Rate would be $4 after a lop. I just don't know but

I am deflated from this news. I'm just wondering if anyone else has heard this?

Where did you hear this?

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On 10/23/2021 at 10:54 PM, Fairways&Greens said:

The dollar is heading toward hyper inflation under this Administration. Buckle up. Let’s go Brandon!

True . But this is the direction we need it to go in Iraq . Increased velocity, particularly in country, muy importante . Remove the crutch the USD was used as in country , so Iraq can walk on its own in country and internationally.  

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