ronscarpa Posted September 13, 2022 Report Share Posted September 13, 2022 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 *** Mark [Q? : Nader said European banks are about to begin receiving and exchanging the dinar…. When will the US start?] [reference Nader post 9-12-2022] Remember this does not mean the value has changed yet…just that these are banks that previously would not deal with the Iraqi dinar at all…now will… Which means the dinar is still at the same value it is today…waiting on the rate to change. But, that they are accepting it now is huge progress…but does not mean they are exchanging in Europe for a higher value…yet. They have to be able to accept and exchange it when the time comes…so its still good news. *** Kaperoni If the Iraqi dinar is ever going to go up in value, it's going to take a lot of work for Iraq. The formation of a government, passing of laws through parliament and encouragement of investment in order to diversify their economy away from oil. *** Sandy Ingram Article: "Governor of the Central Bank: The value of the dinar is stable and we are in the process or raising Iraq from high-risk countries" This story was on the front page of a major news portal in Iraq...the bank is in the process of raising Iraq from high-risk countries according to the classification or the European Union...I am not sure what that statement means but...it looks like Iraq is sending a message...everything is okay... *** Pimpy Until this [Seated government] mess gets cleared up you're not going to see any real changes to the Iraqi dinar. I know people don't want to hear that...how are you going to change the value of the Iraqi dinar when you're too reliant on oil to provide 95% of your government budget. That hasn't changed. They were well on their way of starting to build the private and public sectors until this mess happened. [Post 1 of 2] *** Pimpy Now you can't get a budget. You haven't formed a government. You're on the brink of civil war. Although Iraq is benefiting from high oil prices - They continue to increase their federal reserves at the same time increasing their gold holdings which are both very good but again you still have a major obstacle right here in your way...the government...I know this is a rough ride but it will end one way or the other... [Post 2 of 2] *** Mark We continue to hear very positive things out of Iraq. Article: “The Governor of the Central Bank discusses with the European Union the file of the Iraqi economy” We continue to see open negotiations with Iraq and many countries around the world about changing that rate value and economic reforms. We don’t know the timing but we are close…on the precipice. 1 3 3 Quote Link to comment Share on other sites More sharing options...
goldwinger57 Posted September 14, 2022 Report Share Posted September 14, 2022 SOON!! 2 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted September 14, 2022 Report Share Posted September 14, 2022 24 minutes ago, goldwinger57 said: SOON!! Bout to wash your mouth out with soap 🧼 for using that dirty word! You kiss your mother with that mouth!? 😂 7 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted September 14, 2022 Report Share Posted September 14, 2022 15 hours ago, ronscarpa said: 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 *** Mark [Q? : Nader said European banks are about to begin receiving and exchanging the dinar…. When will the US start?] [reference Nader post 9-12-2022] Remember this does not mean the value has changed yet…just that these are banks that previously would not deal with the Iraqi dinar at all…now will… Which means the dinar is still at the same value it is today…waiting on the rate to change. But, that they are accepting it now is huge progress…but does not mean they are exchanging in Europe for a higher value…yet. They have to be able to accept and exchange it when the time comes…so its still good news. *** Kaperoni If the Iraqi dinar is ever going to go up in value, it's going to take a lot of work for Iraq. The formation of a government, passing of laws through parliament and encouragement of investment in order to diversify their economy away from oil. *** Sandy Ingram Article: "Governor of the Central Bank: The value of the dinar is stable and we are in the process or raising Iraq from high-risk countries" This story was on the front page of a major news portal in Iraq...the bank is in the process of raising Iraq from high-risk countries according to the classification or the European Union...I am not sure what that statement means but...it looks like Iraq is sending a message...everything is okay... *** Pimpy Until this [Seated government] mess gets cleared up you're not going to see any real changes to the Iraqi dinar. I know people don't want to hear that...how are you going to change the value of the Iraqi dinar when you're too reliant on oil to provide 95% of your government budget. That hasn't changed. They were well on their way of starting to build the private and public sectors until this mess happened. [Post 1 of 2] *** Pimpy Now you can't get a budget. You haven't formed a government. You're on the brink of civil war. Although Iraq is benefiting from high oil prices - They continue to increase their federal reserves at the same time increasing their gold holdings which are both very good but again you still have a major obstacle right here in your way...the government...I know this is a rough ride but it will end one way or the other... [Post 2 of 2] *** Mark We continue to hear very positive things out of Iraq. Article: “The Governor of the Central Bank discusses with the European Union the file of the Iraqi economy” We continue to see open negotiations with Iraq and many countries around the world about changing that rate value and economic reforms. We don’t know the timing but we are close…on the precipice. 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted September 14, 2022 Report Share Posted September 14, 2022 Pimpy is the only Guru talking any real sense. He's absolutely spot on by saying we will never see a rate change until the government of Iraq is fixed. 1 1 2 Quote Link to comment Share on other sites More sharing options...
T B Posted September 14, 2022 Report Share Posted September 14, 2022 very true , there corruption as our own country has and needs drained out of the swamp as my TRUMP has been trying to get done , years have shown us this, and in due season we will reap if we faint not, oh yes! be blessed GOD has it under control. Quote Link to comment Share on other sites More sharing options...
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