Wednesday Morning Opinions @ 10:10 AM CDT - 10/05/2022

[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 

 

 

*** MilitiaMan  Article: "Deputy: Reducing the price of the dollar will be a top priority for the new government"  Reverting back to 1190 is not reverting back to an era that was internationally acceptable nor Article VIII compliant with the IMF.   Having small category denominations doesn't work with program rates. The CBI didn't print new currency issuances in 2018 to throw them in the trash..  They intend to use them...

 

*** Frank26  [ Iraq boots-on-the-ground report ] FIREFLY: Bank friend said there's no way Kazemi is doing these deals internationally with countries on trade and banking without a previous discussion about Iraq's rate.  No way this can come about at a program rate.  Something behind the scenes has been going on for a long time...we see foreign reserves at all time high...That will make it [the dinar] even stronger to revalue because we have the high reserve rate of the dollar... FRANK: It all points to something major...

 

*** Breitling  The timing [of a rate change] has to do with markets.  Right now Iraq is making a ton of money selling oil...

 

 

[Luigi1]

3 minutes ago, ronscarpa said:

*** MilitiaMan  Article: Having small category denominations doesn't work with program rates. The CBI didn't print new currency issuances in 2018 to throw them in the trash..  They intend to use them...
 

*** Frank26  [ Iraq boots-on-the-ground report ] FIREFLY: No way this can come about at a program rate.  Something behind the scenes has been going on for a long time...we see foreign reserves at all time high...That will make it [the dinar] even stronger to revalue because we have the high reserve rate of the dollar... FRANK: It all points to something major...
 

*** Breitling  The timing [of a rate change] has to do with markets.  Right now Iraq is making a ton of money selling oil...

 

What the Gurus are ignoring are the realities of what is really going on.

Iraq is unstable no matter the good RV-RI news says.

Iraq economy is neat collapse & may be in need of more WB loans.

It's not looking goodat all.  Iraq in danger of splitting int 3 republics.

If that happens, forget a RV-RI.

We could be years if not decades away from Iraq currency reform.  IMHO.

[Fimum]

On the other side of that argument is the very real scenario that with purchasing power (currency value increase), the security situation would benefit immensely from the individual citizen's prosperity.

[Luigi1]

Just now, Fimum said:

On the other side of that argument is the very real scenario that with purchasing power (currency value increase), the security situation would benefit immensely from the individual citizen's prosperity.

 

Agree.  That's only part of the whole picture.

Nothing good can happen without security.

Iraq can have all the wealth in the world but what good is it if they can't spend it due to lack of government.