Wednesday Afternoon Opinions @ 5:13 PM CST - 1/19/2022

[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 

 

 

*** Nader From The Mid East  The CBI sent a letter to the government to work on the exchange rate not to change it to work on it...I'm sure they're going to respond soon.  They have to respond.  It's not the government decision it's the CBI decision but the CBI cannot make a decision without the agreement of the Ministry of Finance...


*** Walkingstick  The GOI/parliament cannot stop the monetary reform of 2022.  You know who is in control and who is in charge of the Iraqi currency of the monetary reform right?  The CBI.  Parliament is powerless to stop it...but it's important that we get parliament established for the laws that give us the budget and the white papers that give us the new exchange rate and the new small category notes.

 

*** Petra  Whatever rate they come out at they need to defend it...based on those articles [Reference Petra's post from yesterday] ...about three quarters of a trillion dollars...That's not dinars.  That's US dollars.  It's massive money...it really allows them to strongly defend a strong currency.