Friday Midnight Opinions- CST - 12/03/2021

ronscarpa · December 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

** Frank26 Article: "Adviser to the Prime Minister: The 2022 budget is guarded by surprises and includes appointments" The budget is guarded? What are you guarding cookies?? No but it's more delicious than cookies...Kazimi is trying to tell the people of Iraq that there's going to be a surprise in the 2022 budget...Do you realize how much the exchange rate is guarded? You realize the top secret involved behind that number? Now you know it's 1 to 1 but you have no idea what it will be capped at do you?

** Kaperoni If you own dinar do yourself a favor, spend your time reading and learning about Iraq and rebuilding of their economy. Until then, nothing is happening...Until Iraq has a new government in place, and they passed laws, build a diverse private sector economy there will be no change in the Iraqi dinar.

** Pimpy Article: "Kuwait confirms receiving $1.47 billion in war compensation from Iraq" They're just about done with this...this is one of the things I believe is holding up the rate change...the remaining amount is $629 million. Not bad at all. It's less than half what they just paid. They said this should be done by February which means all war compensation should be complete...This is a huge deal for Iraq and IMO helps them take another step closer to a bigger rate change when the time comes plus having their sovereignty reinstated...

** Walkingstick In the 2022 budget the governor of the Central bank of Iraq and the prime minister Kazimi both are telling the Iraqi citizens we have a guarded secret that was well studied... What's in the '22 budget... what's in the white papers? [the rate].

** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: They're talking about the old currency again...the ones from the 1940's...they're saying how the new currency will support a true dinar rate as long as Iraq enters the global markets...they're telling us about deals with foreign countries...and they must have a strong dinar to have these deals with these foreign countries because Iraq will be a centerpiece in the Middle East... FRANK: The CBI is trying to explain to you why you need this new currency because it has to match the new math that they're trying to explain to you..[Post 1 of 2].

** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FRANK continued: the new exchange rate of 1 to 1 against the American dollar and not the sanctioned program rate of 1190 because that does not mathematically work with the new small category notes that they are about to give you. This is a wonderful step in your education because IMO it is putting you in a position to receive them now...IMO you're going to see them before they officially give you the new rate so that you are prepared for the budget at the beginning of next year. They are showing you again this week the old small category notes from the 1940's because they want to make sure you understand that they will be looking almost like the ones that they're going to hand out to you..[Post 2 of 2].