Monday Morning Opinions @ 9:35 AM CDT - 9/05/2022

[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 

 

 

*** Frank26  Community Comment/Question  "The saga continues."  Do you honestly feel in your heart that this is the worst of times for the monetary reform? These are the best times for the monetary reform...It marches on.  It stampedes...It is being announced.  It's being revealed.  Both Kazemi and Mustafa of the CBI have no problem telling the citizens what they are about to get.  It is not a boring saga. It is an exciting adventure.  Right now what's going on is amazing...There have never been better times than what we are seeing. 

 

 

*** Samson  Article: "An economist reveals the size of the currency issued by the Iraqi Central" Quote: "according to the data of the Central Bank of Iraq, the volume of cash currency issued by the bank is up to 82 trillion Iraqi dinars." He added: "On the other hand, the volume of cash in Iraqi banks does not exceed the barrier of 7 trillion Iraqi dinars only, meaning that more than 75 trillion Iraqi dinars are outside the banking system and it is very difficult to follow them and know their fate..." [Post 1 of 2....stay tuned]

 

 

[ronscarpa]

Added @ 10:25 AM CDT:

 

*** Samson ...There are 4 main possibilities for this cash away from the banking system, which are: 1 - Iraqis hoard money in their homes... 2 - Funds are internal commercial transactions far from the banking system... 3 - Foreign institutions hoarding the Iraqi currency  for several reasons, including the remote investment in the Iraqi dinar in the hope of a rise in its price in the future... 4- Damage to the currency..." [Post 2 of 2] Continued from above...!