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Wedesday Night Opinions @ 9:39 PM CDT - 6/29/2022


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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 



*** Tivon  Article: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange"...The volatility in the markets is what appears to be the deciding factor as to how long it take to feel comfortable with reinstating the Dinar...But they still allude to going through with it in spite of and will just adjust on the fly as the rate gradually increase from 1:1. So the problem may not necessarily be coming out at equal value but maintaining it.


*** Mark  Article From Iraq: “Dollar Exchange rates are declining in Baghdad and the Kurdish region”  Why is this important?  Normally in the local markets they were holding onto US dollars because of the instability of the dinar.   What we have seen in the past when we have been close and anticipating an exchange is they will start refusing to part with their dinar. People are putting a higher value on dinar now and not wanting to give it up. The people on the streets are anticipating a value change. That is a great sign –imo- that we are close.


*** Samson  Article: "OPEC: Iraq is the fourth in the world in oil reserves" Quote: "Iraq ranked fourth globally in the world's largest proven reserves, with 145.019 billion barrels, after Venezuela, which came first, with 303.468 billion barrels, while Saudi Arabia came second, with 267.192 billion barrels, and Iran came third with 208.600 billion barrels."

*** Frank26  [Iraq boots-on-the-ground TV report] FIREFLY: Had a spokesman on the news giving explanation saying these new ATMs have the capability to take the money and do instant calculations on whatever the rates may be set at. For example only machines can handle floats of currency rates and give back the exact amounts for transactions at the currency rate of transaction...they are educating all of us.[Post 1of2]

*** Frank26  FRANK: ...The Iraqi citizens are aware...why do you think the ATMs can instantly do calculations? ...Because the Iraqi dinar is going to float...Brilliant!  As it continues to float up in value the citizens are not losing any money...when they withdraw from the ATMs. Wow that's pretty good. They are explaining to the citizens what these machines will do....[Post 2 of 2]


*** Godlover   Article: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchangeThis article makes it even clearer that the EFSL was created for the purpose of citizens immediate needs & to get them through until the CBI takes action on giving them purchasing power...Another article...the need for a new government & 2022 budget.




Edited by ronscarpa
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