Wedesday Noontime Opinions @12:40 PM CST - 3/02/2022

ronscarpa · March 2, 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

*** Guest From Belgium I usually have a critical view when statements are made about them wanting to change the Dinar back to the 2003 rate, because all the articles seem to point in the direction of the 2020 rate. Which, according to me, they actually still do. I know they use terms like “previous era”, but I still didn’t see a single article clearly pointing in that direction…However, also IMO, I must admit that I see a situation that gives me more hope: the fact that there seems to be sooooo many articles coming out about this. A lot more than when they lowered the value of the Dinar. It really feels like something good is in the air! IMO

*** Pimpy There is still more talk about the exchange rate. I thought they had this thing settled but apparently not... Article: "Al-Kazemi's advisor: The state's loss will be great by adjusting the exchange rate" Here's the issue: The poor people were affected when their currency was devalued. That means it cost them more dinars to get the same items they need just to survive. Now you have inflation happening...as inflation increases that's called the hidden tax...purchasing power continues to be reduced, again affects the poor people. The only way you can tackle inflation is you have to raise the interest rates and if you raise the interest rates it will affect the poor people...So how do you fix that? The only thing they got left is to increase their purchasing power...JMHO..!

*** Mnt Goat Article: "AL-ABADI AND ALLAWI CALL FOR THE ADOPTION OF A REFORM STRATEGY TO CROSS THE NEXT STAGE" What do you think the “next stage” needs to kick it off? ...It needs the dinar to be reinstated..!

:tiphat: