Wedesday Night Opinions @ 10:20 PM CDT - 8/24/2022

[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 

 

 

*** Walkingstick [via Frank26]  [Iraqi bank gentlemen in US banks update]  2 gentlemen [From walkingstick's old firm with 6 banks - 2 in Iraq and 4 in Jordan] went to their bank [in Michigan]. When the CBI makes a move...they let all the banks know.  Not just Iraq but internationally too...so the CBI IMO is sending the owners of these banks to their banks to prepare for the announcement of the reinstatement of their currency.  All of this requires an announced seated government... 

 

*** Kaperoni  The reason the currency auctions in Iraq exist are twofold, one is to supply dollars to pay for imports because most if not all international banks do not accept Iraqi dinars as payment since the central bank is in IMF Article XIV...And the most important reason is to maintain stability of the exchange rate of the dinar because the dinar is pegged to the dollar. Therefore, the currency auctions have to exist and will not end until Iraq 's currency becomes more convertible worldwide. 

 

*** Suzie  We have about a week for the banks to be "hooked up" internationally, will we and the people of Iraq who've been waiting on their purchasing power be dancing in the streets.....or do the dinars go back into the shoebox? 

 

*** Samson  Article: "Gallup Publishes A Poll Revealing The Extent To Which Iraqis Trust The Current Parliament" Quote: "Sunday, a poll indicating that the current Iraqi parliament has the least confidence, compared to previous sessions...The current parliament has the least confidence that any Iraqi parliament has had since 2006, as the percentage of Iraqis in general who trust it is only 12%, according to the latest Iraqi public opinion poll conducted by the Gallup International Polls...."