Friday Afternoon Opinions @ 1:55 PM CST - 12/17/2021

[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  I try really hard not to get sucked down that rabbit hole when it goes to the RI or RV.  I'm not saying it won't happen, I'm just saying there's too many major things that have to fall into place for that to happen.  It was my feeling that we would have them have the rate change in increments.  But the very things that I know that need to take place for them to do an RI or an RV are actually playing out...
 

 

*** Frank26  Article: "The Central Bank is talking about 'returning' the dollar exchange rate to 1200"  This article is 100% correct...this is a decrease in the correct direction from Dec 20th to reach 1 to 1...when they say they are lowing the exchange rate and returning the dollar exchange rate to 1200 they're talking about an increase in the value of the Iraqi dinar...back in 2003 the exchange rate of the Iraqi dinar against the American dollar was something like 4500-4800 to 1...five or six years later...it went down to around 3600 to 1.  Then two years after...it went to 1460 to 1...[Post 1 of 2].

*** Frank26  ...the point I'm making is that when we arrived it was beyond worthless.  As the years have gone by and as we've improved Iraq the value of the Iraqi dinar has gone up...it went down on December 20th [2020] - Why?  ...so that they could pay a bunch of bills at a lower rate...The goal is to get it to 1000 to 1.  That's why they're telling the citizens we're very close to getting it to 1200 to 1...the smaller that the exchange rate number gets - it's not decrease in the value - it's actually increasing the value of the Iraqi dinar.  [Post 2 of 2].