Thursday Morning Opinions @ 9:35 AM CDT - 5/26/2022

[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  Article: "INCREASING THE CAPITAL OF THE CENTRAL BANK ENHANCES ITS BALANCED MONETARY" Quote: "The Central Bank of Iraq announced the decision of its board of directors to increase its capital to 5 trillion dinars, an increase of 40% over its previous capital of 3 trillion dinars. 2 trillion dinars." We can clearly see that the devaluation of dinar to rebuild the CBI reserves was a strategic move and included in the strategy of the White Paper. Now no one can say there is not Stability and Security...

 

 

[rvmydinar]

1 hour ago, ronscarpa said:

*** Mnt Goat We can clearly see that the devaluation of dinar to rebuild the CBI reserves was a strategic move 

Regarding the devaluation of dinar back in december 2020, who is the winner and who is the loser? The losers isn't only the ordinary iraqi citizens who can't afford to buy goods because the goods are pricey. , but also we are the dinar investors who have been waiting for the dinar to revalue for almost 19 years. The winner is of course the corrupt malarky and his cronies who enjoy the wealth mostly. 

[rvmydinar]

And don't even forget, when they devalued from 1190 to 1460, the dinar investors already lost more than 20% and that makes us losers too.

[ronscarpa]

12 minutes ago, rvmydinar said:

And don't even forget, when they devalued from 1190 to 1460, the dinar investors already lost more than 20% and that makes us losers too.

 

We would be losers only if we CHOOSE to cash in while the IQD is at it's present rate.  Like any investment, there will be fluctuations, and when we cash in will determine whether we are a winner or a loser. Too many of us expected a quick and enormous return, and missed the basic principles of investing. Just sit tight and wait for the right time ... because it will happen..! RON 

[Luigi1]

1 minute ago, ronscarpa said:

 

We would be losers only if we CHOOSE to cash in while the IQD is at it's present rate.  Like any investment, there will be fluctuations, and when we cash in will determine whether we are a winner or a loser. Too many of us expected a quick and enormous return, and missed the basic principles of investing. Just sit tight and wait for the right time ... because it will happen..! RON 

 

Agree.

[rvmydinar]

17 hours ago, ronscarpa said:

 

We would be losers only if we CHOOSE to cash in while the IQD is at it's present rate.  Like any investment, there will be fluctuations, and when we cash in will determine whether we are a winner or a loser. 

You are right RON. however, we still don't know exactly how many dinar investors who already gave up and cashed in when the rate devalued more than 20% since december 2020 until now??