Tuesday Early Morning Opinion @ 8:23 AM CST - 1/25/2022

[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 

 

 

*** MilitiaMan  ...The education process is clearly in play still for all to see. Talking about the exchange rate process and it’s functions is obviously very timely at this stage. Iraq has many things to export. Oil being number one. There is an abundant amount of natural resources, etc... When they are sold in Dinars it will increase demand for the currency and support it’s value from that exportation process. The Central bank will be in a position to defend the currency to keep it appropriate for international trade. That will require and international exchange rate. Not a program rate they have at present...

 

 

Edited January 25, 2022 by ronscarpa

[NWGUY]

Iraq definitely has the resources to back the increase of the Dinar, especially if they can keep the politican's hands out of the cookie jar.   That would be Maliki & Friends!