Wedesday Midnight Opinions - 2/23/2022

[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: "Currency Revaluation:  Historical examples"  In this article we learned more recent currency revalued that have created wealth for investors...Quote: "The one thing that is clear about currency revaluations or devaluations, is that they don't come with prior warning.  They just happen, catching most people unaware.  Central Banks and the international powers at play cannot share any information prior to an even happening, or it would undermine the economic impact"

 

*** Kaperoni  ...So Iraq apparently had their meeting today at the United Nations Security Council. Iraq upon completion of payments to Kuwait now is officially out of UN Chapter 7. Though this is excellent news, it has nothing to do with Iraq 's exchange rate.

 

*** Frank26  [ Iraq boots-on-the-ground TV Report ] FIREFLY: Sadr's putting pressure on the CBI and the Finance Minister saying get it done.  They're saying that we need this new exchange rate to get our economic reforms from white papers completed...  FRANK:  Monetary reform then the economic reform...everybody knows it's coming but the problem is that it's parliament...just sit the new government down and they will give you the new exchange rate.  FIREFLY: Exactly..!


 

*** Samson  Article: "Legal expert: Iraq’s exit from Chapter VII of the Charter of the United Nations is a good sign"  Quote: “The Security Council voted unanimously to remove Iraq from Chapter VII of the United Nations Charter after 23 years of political isolation and lack of sovereignty that came against the background and practices of the former regime..."  [NOTE: We hope to see the UNSC make a formal announcement soon.]

*** Pimpy  People don't know the difference between and RI and an RV...When we are talking RI we are talking about a reinstatement - to restore someone or something to their former position or condition.  So to put back to where it was.  When you talk about an RI that means whatever the rate was before the program rate. I believe it was $3.22...this is what everybody is hoping and waiting for right here - the RI.  The RV is a little bit different...[Post 1 of 2]

*** Pimpy   RV/revlue - assess the value of something again.  Adjust the value of a currency in relation to other currencies.  So a revaluation is just changing the value of the currency.  That's all it is...anytime they change the value of the dinar...[Post 2 of 2]


*** Walkingstick and Frank26   We believe that what Mustafa did yesterday, when he yelled at the GOI/parliament, we believe that was part of a deflection of any speculation in either direction - negative or positive.  'It's not happening.'  I can prove it's happening.  Only pay attention to Mustafa and Kazemi.