Friday Evening Opinions @ 7:10 PM CST - 1/07/2022

[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 

 

 

** Frank26  It's at the executive [bank] level...that's why I don't care about this, this, this, this or that.  I only care about the new small category notes to be shown to the citizens of Iraq.  Because deep in my heart IMO that's all I'm looking for now and waiting for.  So is the IMF.  Waiting for the same thing...Let's see what they do between now and the 27th...
 

 

** Mnt Goat   Happy New Year..! So, here we are in early January 2022. Are you excited? You should be!  Many of us have been waiting for this period for this entire year. Remember once they open and begin spending this 2022 budget we are in trouble if we have not yet seen the reinstatement. I am still getting all indications that the Central Bank is planning to move ahead with the project to delete the zeros and we know this leads to the reinstatement. We need the reinstatement in order to go to the bank and exchange..[post 1 of 2].

** Mnt Goat   The banks are NOT going to accept this currency unless it is traded on FOREX. I do not believe we need to see the final UN resolution releasing Iraq from Chapter 6 and 7. We get information today that the budget is their highest priority in the new session of parliament starting on Sunday. It is nice to see everything moving smoothly in this process..[post 2 of 2].

 

 

[NWGUY]

The Forex is open and ready for Iraq to get off their rear ends, and put it on at whatever rate Iraq determines.  After that it is up to the market, and I am betting that it will sky rocket!    Sadly, Iraq is not completely ready for that move.  There are some windows this year, and I certainly hope that Iraq makes the right decisions to go global with their currency.