Tuesday Afternoon Opinions @ 4:04 PM CDT - 6/28/2022

[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 

 

*** Tivon  Article: "Iraq uses the policy of "raising reserves" to control inflation"  So here we are once again being reminded that Iraq has enough of reserves to cover the reinstatement of the Dinar...So when you compile everything as to all the sectors that is ready...You can't help but anticipate what is next. And we know what that is. Al-Kazemi already gave the go ahead a couple of days ago. IMO

 

 

*** Frank26   Question: "Spoke with a financial advisor and they said she was going to have to travel to Iraq and exchange her notes for small category notes and bring them back here to exchange for USD. Is this correct IYO?"  Go back to that person and ask them 'Do you know how many dinar the United States Treasury has in its reserves right now?' ...It's more than 54 billion American dollars worth of dinars...You think America is going to have to go into Iraq, convert them into NSCN and then bring those back to an American bank...? No. That's not how it going to works.

 

 

*** Pimpy  Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" Do what they do not what they say...they didn't buy some gold, they bought a huge amount of it...a 35% increase.  That's huge...this time around they are definitely preparing themselves in case something should happen to the oil market...

 

*** Samson  Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" Quote: "Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world."

 

*** Mnt Goat  Article: "DEPUTY FOR AL-FATEH: THE EXCHANGE RATE REDUCTION WILL SOON SEE THE LIGHT" Quote: "..the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives."  Just remember they tried this before and it did not work, however it does put pressure on the CBI and to let them know something must be done about the IQD rate soon.

 

*** Mark  In Kuwait…literally that morning they said it would be 2-3 years before they RV’d…then they turned around and did it that same morning... Kuwait shot all the way up to $9.88 before it settled back down to the mid $3 range...Iraq cannot wait another couple years without an RV. Because of political instability and their low currency-because the country has great wealth…historically Iraq is one of the wealthiest regions in the whole world…vast oil reserves and gold reserves as well…
 

 

 

[rvmydinar]

12 hours ago, ronscarpa said:

*** Tivon  So here we are once again being reminded that Iraq has enough of reserves to cover the reinstatement of the Dinar..

*** Mark Kuwait shot all the way up to $9.88 before it settled back down to the mid $3 range...

Tivon : reserves don't have something to do with reinstatement of the dinar. When rv happens, dinar investors will trade in dinar for dollars out of iraqi country.

 

Mark : why all of a sudden you talked about reinstatement of the Kuwait? do you think iraq can also shot all the way up to $ 9.88 before it settle back to mid $3 range when RV happen?