Monday Evening Opinions @ 7:17 PM CDT - 5/02/2022

[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 

 

 

** Kaperoni  Q? : So what is ISO 20022? ... This new standard is simply a new set of international standards and procedures for global financial transactions...These new standards are being rolled out throughout the worlds banking with an expected completion date of 2025. I have yet to see anything that says Iraq is in compliance. And again, it has nothing to do with any RV of the dinar.

 

** Mnt Goat  Article:"UNITED STATES: IRAQ MUST FORM A NEW GOVERNMENT TO STOP INSTABILITY" Quote:  "...the delay in this formation is delaying progress on these bilateral issues in all sectors including security, health care and the economy..."  ...the CBI keeps telling us – in order to reinstate the dinar and then the RV they will need STABILTY and SECURITY. So, they have one but now need the stability of the government. They will need the new government to be formed first.  It is all here now in black and white so there is no doubt this is the show stopper in the project to delete the zeros.

 

** Pimpy  Question: "When we do the exchange at the banks will there be capital gains taxes?" Yes. Capital gains tax on anything over $500 and gained value from your exchange. [NOTE:  Consult your tax professionals at the appropriate time.  Some feel the exchange will be handled at ordinary income.]

 

** Mark  Article: ”Al Kazemi’s advisor announces the Ministry of Finance‘s completion of the 2022 Budget”  This is expected to go into effect on May 7th. Unless we get news stating otherwise …I think this is fantastic.  So what do we have over the last week … Iraq is ISO compliant, a completed budget and we are also hearing they will have a completed government starting on May 7th.  So we have a lot to look forward to over the coming days .

 

** Kaperoni   [Response to Walkingstick 4-30-2022 - See following]...Guru Walkingstick thinks Iraq has been destroying 25k notes. They may have been but it would have only been on a replacement basis which is the central bank's responsibility.  Implying that they are reducing the money supply is nonsense.  It is a known fact that the money supply has been increasing over the last year-and-a-half as a result of the reduction in exchange rate. It is now over 100 trillion dinar in circulation... 

** Walkingstick [Repost of 4/30]  Question: "When they start calling in the IQD three zeros will they start with higher denominations or the lower ones?"  Higher. 25K notes.  They have been doing that for years.  They have destroyed millions in 25K notes...

 

 

** Fleming   Venezuela and Iraq have both fulfilled the ISO 20022 requirements and agree to participate in world trade with ISO 20022 compatible digital currency. A State-Backed, Asset-backed CBDC. This is the completion of the list of “first basket” countries we’ve been waiting for. 

[pokerplayer]

I haven't seen anything that shows as "fact" that Iraq is iso20022 either, so if anyone has solid articles on this, please post as it's always a possibility it happened and I missed it. 

 

    pp

[Fairways&Greens]

Wait and see on the government and budget this weekend. I won’t hold my breath. If it does come to pass as gurus are stating, that would be good news. Maybe then we’ll get some more articles about the exchange rate debate and the tail chasing continues.