Tuesday Night Opinions @ 9:57 PM CST - 2/22/2022

[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 

 

 

** Sandy Ingram  Article: "Iraq's Supreme Court Rules Against KRG oil Independence"  The FSC (Federal Supreme Court) surprised everyone last week by giving 4 major verdicts on long-standing legal disputes between Baghdad and Erbil...ruled that Kurdistan regional government's independent oil sector is unconstitutional...[NOTE: This impacts the HCL]

 

** Mnt Goat  We...witnessed in this news period that the House of Representatives set a date for a meeting with the Minister of Finance and the Governor of the Central Bank in order to discuss the dollar exchange rate. Yes, exchange rate...It’s all now about the exchange rate...the Minister of Finance did not show for the scheduled meeting. His meeting was rescheduled for a later date this week.

 

** Kaperoni  The central bank governor made it clear this weekend they are in charge of monetary policy and the dinar exchange rate, not politicians or political blocs...What is so amazing is how Iraq in so many ways tries to take shortcuts.  And in this case, many just want to raise the value of the dinar.  It doesn't work that way!  If all these political figures want the dinar value to increase, they should work together to create and pass laws to encourage investment, encourage diversification and local production. Then, when they succeed the CBI will have no choice but to raise the value as a result.

 

 

[NWGUY]

There is so much talk right now about the exchange rate, that you got to think that something is really happening.  For a very long time, it has been mostly the investors that have been talking about it, but now it is the government, CBI, and media all discussing it.  Like they say....where there is smoke, there is fire!