Thursday Night Opinions @ 10:22 PM CDT - 4/28/2022

[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 ...we are in a VERY GOOD position to see this reinstatement before the end of the summer if not much sooner. So hang in there...

 

** Kaperoni  Question: "if Iraq floats the dinar, and hyperinflation devalues the dollar, will that not force the dinar upward in value." If the dinar floats it'll have nothing to do with the dollar and its value will be determined by market forces. There is talk of pegging it to a basket of currencies from the Middle East which also may be possible. Either or would have nothing to do with the dollar. Currently, the dinar is pegged to the dollar only to provide stability under the conditions in Iraq.

 

** Walkingstick Question: "Will the budget and the white papers be launched this year?" That's the plan.

 

** Mark  I know its frustrating…I don’t control the timing…All I can do is tell you what I am hearing and share what I am hearing…other than a little chatter out of Iraq it is still very quiet. Article:“The Iraqi Parliament is in the process of issuing a resolution obligating the government to submit the financial budget” This is big news from Iraq. And this is almost a verbatim article that we saw coming out of Kuwait before they RV’d almost 22 years ago…on the morning that they RV’d…Article: “Is it time to delete zeros” an economist commented. To me this is a fantastic piece of smoke…It is coming…
 

 

** Frank26 Article: "The rise in oil covers the budget deficit.. Good news from officials: Returning the dollar exchange rate to its previous" THEY ARE EXPECTING A CHANGE IN THE EXCHANGE RATE.

 

** Pimpy  Question: "Is it not too late to buy dinar?  I really need a house or a place to rent on my own.  I don't make much and I'm looking for a miracle."  People are still buying the dinar but here's the issue with everything that's going on.  It's hard to judge when the rate change is going to happen.  If you're listening to other people out there right now they're promising you a rate change of $3.22 or that it's gonna happen next week...you hear all this stuff so be careful...make sure that you just buy with whatever discretionary funds you have...