Sunday Afternoon Opinions @ 4:35 AM CDT - 10/09/2022

[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  These guys wanted to create a 20K dinar.  Think about the value of the dinar.  If it was going to change to $3.22, $1.50 or even a $1 there wouldn't be a need for a 20k dinar...because you want a lower denomination dinar...they say the governor of Iraq's CBI is working on a new category for dinars. I don't agree they should do a 20k. It makes no sense. A 20K dinar is the wrong direction.  This morning's posts are duplicated below because they are in alignment with Pimpy's post.

 

 

*** Samson  Article: "Governor of the Central Bank in Parliament to answer the currency of "20,000 dinars" Quote: "During the hosting, we will direct a number of questions to the governor, the most prominent of which are the feasibility, justifications and reasons for taking a decision by the Central Bank to print and issue a new category (20 thousand dinars) and how much money will be issued from the new category and the mechanism for putting such a currency in the market." [Reposted] All good questions: the results should show it's an unwarranted task, and a waste of money..!

 

 

*** Ron's Post  I personally think that all this talk about a 20,000 IQD note by the CBI is a distraction to infer there is no value increase to the IQD coming soon; when the plan is really to increase the IQD value as soon as the GOI issues get resolved.JMHO...! [Reposted]

 

 

[horsesoldier]

" it makes no sense. A 20K dinar is the  wrong direction"

Since when have we ever seen these folks go off in the RIGHT direction ?????

20 years of corruption, foot dragging, sand bagging & Epic criminal politicians thievery might be considered the RIGHT direction if you belong to the aforementioned... otherwise it's been just plain catastrophic.