Friday Midnight Opinions - CDT - 9/30/2022

[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 

 

 

*** Pimpy  Until this issue with the political parties is resolved...The president and the prime minister are selected and the government is formed you're not going to see any changes to the Iraqi dinar.  And no this isn't fake news.   This is news coming out of Iraq.

 

*** Frank26  Why are they printing another 3-zero note? When you look at it from the outside in, yeah it is rather confusing...the 20K's #1 priority is to suck in as many 3-zero notes as possible...a 20K note makes more sense than a 25K note especially when deleting the zeros ...IMO the CBI is prepared to educate the citizens on monetary reform.  IMO these 20Ks were printed long time ago...

 

*** Michael Cottrell  I think right now it could happen at any time for any reason…we are at the right stage…the right time…and the right players are stepping up to the plate. 

 

*** Samson  Article: "The Central Bank announces the achievement of the largest cash reserve in its history" Quote: "The Central Bank's  reserves exceeded 87 billion dollars, which is the largest number that the Central Bank of Iraq's reserves reach...the Iraqi currency is very strong because the reserves constitute 130 percent of the source of circulation from the funds in banks and others."

 

*** Militiaman  Article: "Economist: Going to print a currency of 20 thousand dinars will cost Iraq a lot of money" There has already been allocations of large sums of money to print new currency issuance and it has been recorded and expensed by the CBI in 2018 era. At this juncture in time, there is no reason to print something that has no real effective utility, imo... They already have 100k and 50k notes for internal use for large transactions.

 

*** Kaperoni  There are several news articles regarding the central bank reserves reaching 87 billion, and discussion on the new 20,000 dinar note.

 

*** NORV  [aka Guru Kaperoni ]  The good news is they are not going to implement delete zeros..."there was a proposal to delete the zeros from the dinar, but it was not implemented."  The dinar is getting stronger and the very reason they will NOT delete zeros. The dinar value will naturally rise as the economy grows.

 

 

[hspotman]

6 hours ago, ronscarpa said:

 

*** Michael Cottrell  I think right now it could happen at any time for any reason…we are at the right stage…the right time…and the right players are stepping up to the plate. 

 

 

 

 

The ultimate dose of koolaid here.  No substance, just flavor....

[Luigi1]

8 hours ago, ronscarpa said:

*** NORV  [aka Guru Kaperoni ]  The good news is they are not going to implement delete zeros..."there was a proposal to delete the zeros from the dinar, but it was not implemented."  The dinar is getting stronger and the very reason they will NOT delete zeros. The dinar value will naturally rise as the economy grows.

 

 

 

This is good news.

Now is the perfect time at the start of a new fiscal year.