ronscarpa Posted March 15, 2022 Report Share Posted March 15, 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 *** Pimpy I know you guys are waiting for the big payday and I told you IMO I thought it was gonna get there but just not overnight. I doesn't mean I'm right. It doesn't mean I'm wrong. I'm just saying you're gonna see it go up in increments. How much? I don't know. But Sadr is pretty serious about dealing with this exchange rate issue... *** MilitiaMan Article: "Al-Faw port .. Funding is enough for September and a government step to overcome the budget delay" The mention of the a difference in exchange rates is very interesting...The budget is in Dinars but the contract is in Dollars. The large difference in amounts after changing the exchange rate between each other is by recalculating costs. So they have a new system in place to account for the differences...if there are any delays, then they are all set with the new system to take over. ...The new system when the ...exchange rate changes...will calculate the differences in the exchange rates. Sounds like they have it set up for a seamless change over. All good to go imo... *** Samson Article: "The Federal Court postpones the lawsuit to raise the price of the dollar to 4/4" *** Godlover ...There are still many unresolved issues...I do not believe the NSCN's [New Small Category Notes] have been printed yet per a recent article & I do not believe the NSCN training has happened yet. *** Sandy Ingram There may never be a so-called revalue only a substantial increase in the IQD value against the U.S. dollar. *** Breitling It's always about what markets are they [Iraq] going to be involved with. Always. Once they add value to the Iraqi dinar how can they participate in those markets? Who's going to be able to accept it? That's why you're watching Iraq go through all these banking laws - setting it up so it complies with the west...they're restricted on what they can buy...They're still going to sell oil in U.S. dollars but they're going to back their own currency up with U.S. dollars and their currency will be unrestricted..[Post 1 of 2]. *** Breitling Believe it or not what you're seeing with Ukraine is helping that. The United States is more inclined to have Iraq comply. Do you know why? Because right now there is a competition...The west is trying to confirm who is with us. Iraq wants to be part of the American western system. End of story. Any country that says they want to be part of the Russian system is because Russian has their proxies in power in those countries..[Post 2 of 2]. *** Pimpy Community Sentiment: "It was so easy to devalue, why can't they just revalue?" It's not 'revaluing' we're looking for. I think what everybody's really wanting is the reinstatement of the old rate of $3.22. There's a difference between a revaluation and a reinstatement...I'd rather them take their time and do it 100% the right way so that it doesn't fall back down... *** MilitiaMan At some point Iraq may be in the AMF basket of currencies (Arab Monetary Fund)...the AMFs way of calculating the exchange rate...shows me that there is a strong probability that the IQD will be strong in pricing going forward. The fact they have massive oil deposits, massive Sulphur deposits, massive of revenues to come from customs, fees, taxes, tariffs, tourism, etc., will support the valuation the IQD far better today, then the past 10-15 years... *** MilitiaMan ...their efforts are about to be given to the citizens proportionately. The pressure has been mounting and I bet the GOI is feeling the heat on many front. Lets see how the handle the new GOI. Will it be seated in the coming days? We shall see... 1 9 1 Quote Link to comment Share on other sites More sharing options...
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