Thursday Evening Opinions @ 6:55 PM CST - 11/25/2021

[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 

 

 

*** Sandy Ingram  Article: "Central Bank of Iraq begins to activate self-management of foreign reserves"  Iraq's increase in foreign reserves since the devaluation last December and now the announcement of self-management of foreign reserves all points to a country coming onto the global financial platform...the increase in foreign reserves is a good thing, a really really really good thing...

 

*** Frank26  Question: ["Once this change takes place...have your friends indicated what the time frame on calling in the three zero notes may be?  Are we going to have 30 days?  90 days?  Maybe a year?"]  We don't know.  We know that by standard it's usually at least up to a year to coexist.  I don't think that is an issue because if it was our friends would have been told already and they haven't...it would be very bad because you think you're the only one that has dinars?  Hundreds of counties have dinars in their reserves right now.  And what you're going to screw them all over?  Iraq is about to become the Mecca of financial currency in the Middle East...they will coexist...

 

 

Edited November 26, 2021 by ronscarpa

[NWGUY]

Frankie has been reading some other forums.   I guess he ran out of stories in "Frankie's Fairy Tales".