Thursday Late Night- 11:50 PM MDT - 6/30/2022

[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 

 

 

*** Godlover  The EFSL was created to get them through the current crises & to give their citizens immediate relief. Honestly I think some of what we are witnessing is a lot of uncertainty with Iraqi officials, etc. Just trying to come up with short term solutions until the political situation can be resolved & at the point where the CBI feels comfortable enough to take action. Until then, it's just all theoretical.

 

*** Walkingstick  When the IQD...goes on an international float it will become convertible.  At that point...The CBI will inject the NSCN into the streets/into the hands of the Iraqi citizens to defend their exchange rate...the idea is when they do go international and float their currency the IQD will be within 2% to 3% compliant as required.  They are telling the citizens the CBI has the means to defend their exchange rate as it floats.

 

***  Kaperoni   What is being talked about in Iraq is not an RV as the gurus insist. They are educating citizens via symposiums on a currency exchange which is a neutral event (LOP).  We have to hope that this plan for the currency exchange is not implemented and they follow guidance of the IMF which is encouraging them to gradually appreciate the currency over time based on success and growth of the economy. This is the best chance of any significant gain.

*** Tivon   Article: "A government advisor sets the date for sending the 2022-2023 budgets from the government to Parliament"  Keep in mind what they need the 2022 Budget for. They don't need it for money. Simply because they are only willing to put an extra 25 trillion in the 2022 Budget. More than Half of what is in the EFSL...[Post 1 of 2]

*** Tivon  They only want to approve the Budget for the Final Accounts.  And the 2022/2023 Budget will be for new projects. The EFSL is currently being used to pick up on stalled projects from the previous 2021 Budget. Why? Because that particular budget was supposed to raise the value of the IQD. But since they never formed a government last year they couldn't open it. [Post 2 of 2]

 

*** Samson  Article: "Iran wants Al-Kazemi to remain in his position... and the leaders of the Coordination Framework meet with him in Tehran in the presence of Ismail Qaani!"

 

*** Militiaman  Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons"  Now we finally see that 30-40 tonnes of gold show up they found on the Syrian Border..?  Why now are they telling us this now? Well, they have far more reserves now that ever needed for to support the new exchange rate change.
 

 

 

[cjdavid]

Question…so let’s say Kazemi stays in power, and Iraq goes back to something like the Sadam days, you know, a dictator, and say that they raise the value of the Dinar but the world does not recognize it due to Kezemi being the “king”. Is that a possibility? And we all are screwed holding worthless papers?

asking for a friend…

[ronscarpa]

2 hours ago, cjdavid said:

Question…so let’s say Kazemi stays in power, and Iraq goes back to something like the Sadam days, you know, a dictator, and say that they raise the value of the Dinar but the world does not recognize it due to Kezemi being the “king”. Is that a possibility? And we all are screwed holding worthless papers?

asking for a friend…

 

Absolutely not...This will not happen for a number of reasons..! They will be operating on the world stage - and we hold the currency of a soverign nation. Once they go Article 8 and go international, we'll be able to exchange at any major bank like every other currency. The issue is, what will that exchange rate be once they are international and traded on Forex..? RON 

[rvmydinar]

8 hours ago, ronscarpa said:

!***  Kaperoni  They are educating citizens via symposiums on a currency exchange which is a neutral event (LOP).  

Hey kraperoni. Didn't you sell off your dinar already? Or have you still buried them on your backyard?