ronscarpa Posted May 17, 2022 Report Share Posted May 17, 2022 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 *** Clare Article: "The Iraqi parliament sets tomorrow, Wednesday, the first reading of the Food Security Law" *** Mark Question: [what is the first reading of the food security law which is scheduled for tomorrow. Is that a Vote?] It could be a vote…we don’t know at this time. They are expected to read it and possibly approve it if there are no changes made. We are also hearing they are to present several candidates to set their government tomorrow. So we expect tomorrow to be a big day in Iraqi politics. *** Pimpy Let's review again the criteria necessary to change the exchange rate. You have to have a stable government. Do we have one? No. The other one is you have to have a safe and stable country. Does Iraq have a safe and stable country? Well they're launching missiles - I'm gonna go out on a limb and say no they don't. Will all the fighting with political members and people launching missiles at one another it makes it really hard to change the exchange rate. You have to have a country outside investors feel comfortable and safe about investing into. *** Mnt Goat ...in 2011 the plan was laid out in an article by the CBI. So far they have stuck to this plan. We have seen all the necessary banking reforms, the completion of payment of war debt to Kuwait and all the necessary ties into the international investment arena so that the dinar could be used internationally. Why would they bother to do all this if they were not going to reinstate the dinar and trade the dinar internationally? ...This reinstatement is coming as there is just too many past events that paved the way to it already to doubt...This is the perfect time for the reinstatement of the dinar. *** Sandy Ingram Community Comment: "Oil has nothing to do with Iraq's revalue, float or whatever they're going to do." ..This could not be further from the truth...a county's finances has everything to do with the foreign exchange rate thus we talk about Iraq's huge oil revenue and how they are adding to their streams of income. It looks like Iraq's income is about to become even larger... 1 3 1 Quote Link to comment Share on other sites More sharing options...
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