Wednesday Night Opinions @ 11:30 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 

 

 

** Petra  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"  I'm having a hard time with that Food Security Law. With the budget imminent, what's the need for it? UNLESS...it's a COVER for something else??? ...I think we can all agree that the "actions" we are seeing clearly delineate a game plan and a strategic execution of timing and global input for Iraq 's next move. With food prices skyrocketing they clearly only have one move to protect their citizenry. A global Force Play!

 

** Frank26  Question: "Ukraine - Russia will it effect the monetary reform?"  No. What does the ruble have to do with the monetary reform of the Iraq ?...the ruble is being destroyed.  Is the ruble on par with the Iraqi dinar?  No...what they are doing has nothing to do with the beauty, the supreme efforts that are being done by Kazemi and Mustafa for their country, for their currency. The whole world wants to pour into Iraq and do business with them.

** Pimpy  Video: "Why Foreign Currency Reserves Are Important"  Quote: "holding foreign currency reserves...influence the exchange rate.  With large foreign exchange reserves a country can target a certain exchange rate.  For example, suppose a country wanted to increase the value of its currency, it could sell its dollar reserves to buy its own currency on the foreign exchange markets.  The increased demand for this currency would appreciate its value." ...a few years back Iraq was taking I think $1.5 billion a month from their oil revenues and buying their own currency back off the market...[Post 1 of 2]

**  Pimpy  Article: "Central Bank: cash reserves exceeded 70 billion dollars" ...The Central bank has reserves exceed $70 Billion. This is good.  Iraq continues to build up the reserves...the more Iraq continues to build up their reserves the easier it is for them to stabilize their own currency...with these reserves they can...increase the value of the exchange rate by buying more of their own currency off the market... Iraq 's foreign reserves are increasing. It's just another step in strengthening the Iraqi dinar and then eventually moving up in the exchange rate. [Post 2 of 2]

 

** Samson Article: "The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014" Article: "The Central Bank: Our cash reserves exceeded $70 billion"

 

 

Edited April 21, 2022 by ronscarpa
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[goldwinger57]

And we continue to wait