Wedesday Morning Opinions @ 10:20 AM CDT - 3/30/2022

[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 

 

 

*** Mnt Goat   Status of the RV...has not changed. The central bank of Iraq (CBI) still intends to conduct the project to delete the zeros as soon as there is stability in the government...Remember the project to delete the zeros is the next step. The needed financial reforms are complete except for some much needed laws to better control the independent banks operating in Iraq...I assure you just have faith and hang in since it is coming!

 

*** Samson  Article: "The Iraqi parliament fails for the third time to hold a session to elect the president of the republic"

 

 

*** Mark ...if Iraq goes with the NEER (Nominal Effective Exchange Rate)...the rate will float. Right now we are hearing that if Iraq does go with the NEER the rate will be about $1.60. This can be used if Iraq gets tired of waiting for the GCR...  They want the full amount of over $3.22 but may settle for the lower NEER rate to float if they have to.