ronscarpa Posted February 7, 2022 Report Share Posted February 7, 2022 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 ** RVAlready Article: "The House of Representatives ends its deliberative session and postpones the election of the President of the Republic" [It's official, no vote today] I can’t see continuing the caretaker government indefinitely….I think the federal court will step in, if the stalemate continues…Usually, when the legislative branch causes a constitutional crisis, the judiciary steps in to solve the problem. ** Kaperoni If the dinar is ever going to go up in value (which I expect), it will be based on economic growth and success of Iraq's economy. Iraq has work to do by forming a gov, passing laws, creating a suitable investment environment...Iraq devalued the dinar about a year ago to encourage production in country and to reduce imports. So it's clear until that changes and Iraq starts manufacturing their own goods, products and agriculture there would be no reason to raise the value of the dinar... ** Pimpy I heard rumors that you were told that there's a time limit on it. There's no time limit on it. There's no tier one. There's no tier two. There's no special arrangement. You just take the currency in and get it exchanged. Whether it's at the bank or the foreign currency exchange place. There's no redemption centers. There's no 800 numbers...there's no secret intel people. One person knows when it's gonna happen and one person only and he was mentioned in the article...hang tight and stay grounded. 8 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted February 7, 2022 Author Report Share Posted February 7, 2022 (edited) 7 minutes ago, ronscarpa said: ** Kaperoni If the dinar is ever going to go up in value (which I expect), it will be based on economic growth and success of Iraq's economy......So it's clear until that changes and Iraq starts manufacturing their own goods, products and agriculture there would be no reason to raise the value of the dinar... I'm afraid Kaperoni is a bit narrow minded about this - Iraq in the past depended primarily on Oil, so does Kuwait, Saudi Arabia, and others...! A more diverse economy is best for the health of any country, but based on history and other oil producing countries it isn't necessarily mandatory for them before they can have a higher international currency value. JMHO...RON Edited February 7, 2022 by ronscarpa 2 4 11 Quote Link to comment Share on other sites More sharing options...
coorslite21 Posted February 8, 2022 Report Share Posted February 8, 2022 1 hour ago, ronscarpa said: I'm afraid Kaperoni is a bit narrow minded about this - Iraq in the past depended primarily on Oil, so does Kuwait, Saudi Arabia, and others...! A more diverse economy is best for the health of any country, but based on history and other oil producing countries it isn't necessarily mandatory for them before they can have a higher international currency value. JMHO...RON I might be off by a few percentage points...But I believe the Russian economy is roughly 92% dependent on its oil/gas production.... Kaperoni/Pepperoni.... I prefer Pepperoni.....CL 1 7 4 Quote Link to comment Share on other sites More sharing options...
goldwinger57 Posted February 8, 2022 Report Share Posted February 8, 2022 Negative Nancyperoni just continues spouting off negativity. 3 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted February 8, 2022 Report Share Posted February 8, 2022 15 hours ago, ronscarpa said: I'm afraid Kaperoni is a bit narrow minded about this You’re being way too generous here! 😆 I’d call him ridiculously obstinate and foolishly pig-headed! He’s been singing the exact same song for years and has dug in deeper recently. I don’t know if he has an agenda, but he absolutely refuses to believe anything but his own opinion. 1 Quote Link to comment Share on other sites More sharing options...
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