Sunday Night Opinions @ 9:37 PM CST - 2/27/2022

[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 

 

 

*** Pimpy   We know there's a lot of chatter going on.  We're monitoring it.  We're paying attention.  I still think it's just going to go up in increments.  There's a lot of meetings going on.  Parliament is meeting.  We're still waiting to form the new government.  It's kind of hard to get anything taken care of when there's so many delays in there without a new government...But there definitely is a lot of talk about a rate change...there's definitely something that's going to happen in 2022.  Will it be an RI or an RV? It's very possible...IMO it's gonna happen in increments...let's keep an eye on it and see what happens.

 

*** NORV  [aka Kaperoni]  Article quotes: "the economic expert, Sabah Alo, called on the government to take a decision to float the Iraqi dinar, similar to the Egyptian experience of floating the pound."; "It is better that a decision be taken to float the Iraqi dinar and stop selling the currency at auction and the Central Bank of Iraq,"; "The core issue to support the dinar is the presence of local productivity"  The dinar...may go up in value, but it will never significantly overnight RV.
 

 

 

[rvmydinar]

2 hours ago, ronscarpa said:

*** NORV  The dinar...may go up in value, but it will never significantly overnight RV

As long as the rate starts as low as 10 cents, and from there going up until reaching a buck.

[Thief]

3 hours ago, ronscarpa said:

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 

 

 

*** Pimpy   We know there's a lot of chatter going on.  We're monitoring it.  We're paying attention.  I still think it's just going to go up in increments.  There's a lot of meetings going on.  Parliament is meeting.  We're still waiting to form the new government.  It's kind of hard to get anything taken care of when there's so many delays in there without a new government...But there definitely is a lot of talk about a rate change...there's definitely something that's going to happen in 2022.  Will it be an RI or an RV? It's very possible...IMO it's gonna happen in increments...let's keep an eye on it and see what happens.

 

*** NORV  [aka Kaperoni]  Article quotes: "the economic expert, Sabah Alo, called on the government to take a decision to float the Iraqi dinar, similar to the Egyptian experience of floating the pound."; "It is better that a decision be taken to float the Iraqi dinar and stop selling the currency at auction and the Central Bank of Iraq,"; "The core issue to support system" rel="">support the dinar is the presence of local productivity"  The dinar...may go up in value, but it will never significantly overnight RV.
 

 

 

Nobody questions their intentions to float. The real issue here is ~ at what rate they start to float their currency. 

If 1450 or 1190 is not the real value of their currency, then floating them at this rate will cause high volatility which the CBI are not prepared to allow. 

 

Personally, I dont think cbi will float their currency at this rate becos this rate was 'developed' when Iraq was still at war, technically.