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Monday Evening Opinions - 7:45 PM CDT - 5/23/2021


ronscarpa
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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... :twothumbs:RON 

 

 

*** Kaperoni  ...Breitling thinks that if you believe Iraq is going to LOP you should not be in this investment. That's... smart...for the past 10 months or so the symposiums in Iraq have been educating the citizens about a currency exchange/LOP...it does not necessarily mean that is what is going to occur In order for them to do a currency exchange, the CBI, IMF and parliament would have to approve such an event. [Post 1 of 2....stay tuned]

 

*** Sandy Ingram  Article: "Iraq surpasses Saudi Arabia in oil exports to America"  Quote: "U.S. Energy Information Administration 'Iraq's oil exports to the United States reached an average of 326,000 barrels per day last week" This is excellent news for Iraq...

 

*** Pimpy  Article: "About a billion dollars in bank sales in a week" Nice. This is the auctions that they're talking about. They could just add that much more to the reserves.  The auctions - what happens is...the oil is sold in petrol dollars (United States dollars)...then the oil company takes those dollars and gives them to the banks, the banks then auction them off to other countries who pay in their own currency, then Iraq Central Bank takes money from those sales and adds it to the reserves. The stronger the reserve the more they can secure their own economic strength as well as strengthening the Iraqi dinar...
 

 

 

:tiphat:

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10 hours ago, ronscarpa said:

*** Sandy Ingram  Article: "Iraq surpasses Saudi Arabia in oil exports to America"

So what? Saudi's rate ( 0.26 USD ) is still higher than Iraq's rate ( 0.00068 USD ). What we want is our investment come to fruition.

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