Wednesday Lunchtime Opinions @ 12:25 PM CDT - 4/20/2022

[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 

 

 

*** Walkingstick  Question: "Do you think Iraq has enough security and stability right now to reinstate their currency?"  Most definitely...waiting on a seated government.  Nothing else is preventing them from releasing any new exchange rate...they are prepared now to introduce a new exchange and currency...IMO..!

 

*** Militiaman   Press Release: "U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi" The food law, as they are calling it is a necessity of the citizens. They have been talking about the GOI and the 2022 Budget, i.e., a new exchange rate too IMO. Quote: "They discussed challenges facing Iraq, including inflation and pressure on supplies of food and other commodities as spillovers from Russia’s invasion of Ukraine – food prices in Iraq have increased by double digits since the start of the war." A new exchange rate is imo all that is needed to curb inflation and bring purchase power...Lets see what the day(s) bring...I like this a lot. It is a very timely piece from the UST... 
 

 

 

[Artitech]

Alright oldies but goodie’s! 🤠