Wedesday Morning Opinions @ 10:20 AM CDT - 7/20/2022

[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: "...IRAQ IS PREPARING TO JOIN THE WORLD TRADE ORGANIZATION" Does Iraq need an international currency to join the WTO?  No, they do not - however, I believe they are attempting to do so prior to becoming a full member of the WTO. Certainly an international currency would make it much easier to trade if you have a currency on FOREX. Quite frankly, I believe it would be extremely hard for Iraq to conduct major trading of goods and services with the rest of the world through the currency process of the auctions and being pegged solely to the US dollar. The risks would be too high and they know it.  This is part of the White Paper reforms, to go to FOREX.

 

 

[ronscarpa]

Added @ 11:35 AM CDT:

 

 

*** Walkingstick   The monetary reform must be announced after the seating of the government and at that time they will also discuss the dinar's value and billions to be put into circulation in the streets of Iraq for the citizens. This part is for the citizens IQD exchange in country going from the three zero notes to the new small category notes exchange in their country.