Friday Night News & Opinions - 9:25 PM CDT - 9/16/2022

[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  Question: "IYO do you think it will be 1 to 1 when it leaves the border of Iraq?" At this point it may be more now because the dollar is falling so far behind every day...you think the dinar wants to be embarrassed and walk with the American dollar anymore. No.!

*** Kaperoni  There are really only two options for Iraq. The first one is a redenomination LOP, which is a neutral event and not what we want to occur. The other is to pass laws, create a suitable investment environment and diversify the economy away from oil. Only then the dinar could float..[Post 1 of 2]

***  Kaperoni   The later is what has been described under the IMF Article IV Consultation from 2013 which is to create the conditions for a suitable investment environment, then float the dinar and allow it to gradually appreciate based on the economic success. But this is going to take time..[Post 2 of 2]

 

***  Samson  Article: "Association of Private Banks: The percentage of financial inclusion in Iraq has risen to 33.5%"  Quote: "...the percentage of financial inclusion increased from 22.5% during the year 2020 to 33.5%, an increase of about 49% from the year 2020, due to the Central Bank’s policy to support the project to localize employee salaries and increase the opening of Banking branches, digital transformation support, electronic wallets, payment points and ATMs" 

 

*** Pimpy  Article: "Iraq's gold reserves rise to 130.4 tons".  Iraq continues to add to their reserves. They now have 130.4 tons of gold.  Quote: "Iraq ranked 3rd in the Arab world and 30 in the world..." ...with the gold reserves in Iraq increasing and the foreign currency reserves also increasing this is huge for the support of the Iraqi dinar. They're a big part of what makes a currency strong.  I see some big steps being taken that do indeed help the Iraqi dinar in a big way...
 

 

 

[T B]

its so wonderful to have these guru experts to report to us each week for the last years, if only they were like my lords words, fresh every morning, his words never return void, oh yes! we all know ,  just a thought?

[T B]

i just read bro jessie duplantis  sermon how people think this world is falling apart, but its falling together for the end of time, praise God we wont need nothing , we have him !

[Luigi1]

On TNT call...

TNT stated the US is becoming impatient with Iraq's ineptness to form a government & may pull out corporate investments in Iraq if it does nothing to form a government.  The clock is ticking.

 

Recently, Kazemi has been to China twice, the EU twice & the US multiple times begging for investors to come into Iraq.

Bottom line...Nobody wants to invest in a country where government does not exist.  IMHO.

[Smokey Mtn. Dinar]

1 hour ago, Luigi1 said:

US is becoming impatient with Iraq's ineptness

 

We the people of America are beyond impatient with OUR  INEPT government!   Iraq has had a lifetime of it.  😡 

[DoD]

I guess the pizza boy kaperoni saves some time now days, he just copies and paste the same garbage he’s been spewing for years…

[goldwinger57]

Another weekend and another miss

[davis411]

39 minutes ago, goldwinger57 said:

Another weekend and another miss

Weird

thats what my wife said to me