Sunday Midnight Opinions - CDT - 3/20/2022

[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  People are like, 'They're going to change the rate.'  No.  I already told you what some of the factors are.  How are you going to change the rate if a government isn't even established.  There's an election but there's no government.  The budget hasn't been passed.  There are a lot of other factors in there that need to be taken into consideration before you could talk about the exchange rate...

 

*** Godlover  Article: "Al-Fath announces the filing of a lawsuit with the federal court regarding the exchange rates of the dollar"  Quote:   "there is a lawsuit submitted to the Federal Court, to restore the exchange rate to what it was, and we are waiting for a response from the Federal Court."  I pray this is not accurate, however most of the articles on the exchange rate either state the same thing or imply it.


 

*** MilitiaMan  Question: "Would love your thoughts on all recent articles that refer to the previous rate..can you really disregard the rate in Dec.2020 before they lowered rate of Dinar...?"  A previous era apparently denotes a start and end time of a significant event...The relatively recent period since they devalued has far less impact than the era that was considered the GLORY DAYS of roughly $3.22. Those days had a rate that was not under sanctions. Like now...as Chapter 7 has been lifted. Reverting back to program rate of 1190 would put them right back to a program rate and would likely not ever allow them into the international arena...[Post 1 of 2].

*** MilitiaMan  The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200.  It will likely support an era of the Glory Days. They told us the worth of the Dinar in 2017 was worth $1.17 based off only oil.  Add in the rest and inflation one should easily see that the REER will be a far cry over 1190. That will in the end be when the rate of 1190 or even 1460 is disregarded and rightfully so, by me. imo...[Post 2 of 2].

 

*** BobTheTaxMan  The only problem we have is - the thing that we don't know - Is this going to be a free-float or not?  Because if it's going to free-float it's going to have a lot of volatility... [NOTE: Consult your informed financial advisors at the appropriate time to concoct a dinar exit strategy that is best for you and your unique circumstances]

 

 

[ronscarpa]

*** RVAlready   Parliament still talking rate, when they have nothing to do with it. Total political theatre.

[goldwinger57]

A law suit now that's funny sh%$#t