Friday Afternoon Opinions @ 4:25 PM CDT - 11/04/2022

[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 

 

 

*** Breitling  Watch Iraq.  It's very positive.  It's going to happen...but you need to be making money in other areas because we can't control the date.  I think a lot of people don't listen to that advice...Iraq is very positive.  I'm not getting out...I haven't heard anything negative to this day, seen anything that going to stop them from a revalue. 

 

*** MilitiaMan ...With the World Bank, IMF, UN, USA, etc, giving the green light of support we could say that the time is now...The CBI has nothing but good reserves, gold reserves, high oil pricing, taxes and tariffs are electronic as is more and more of the Government, inflation under control and the green light.. Looks like a perfect storm for an RI...

 

*** Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani made a speech...it's the sole responsibility of the CBI he told us.  He looked right at us and he said it's the sole responsibility of the CBI for the exchange rate to be changed.  He's talking about a change in the exchange rate.  Yesterday they told us they were going to add value and parliament will do their part on the budget law to present as soon as possible.  They are moving quickly...

 

*** Pimpy  [The dinar] was around 1199 for every dollar.  They changed it to 1450 dinars for every dollar.  Now Maliki is talking about changing it to 1375.  That's about halfway between where it is now and where it was before.  Keep in mind Maliki is involved in the currency auctions and he makes millions off it.  So an increase in the dinar against a dollar helps him with his little scheme of making money off the currency auctions...

 

 

[ronscarpa]

Now for the  from Mark:

 

** MarkZ   Still hearing positive things for this upcoming week...Iraq has been very crystal clear...that the value of the dinar will be going up in the near future. They told us they are going to raise it. The question is how much they are going to raise it and how soon. Will it go from 1450 to 1200 and floating…or will it be the Nominal Effective Exchange Rate of 1 to 1 or $1.60…. I am still hearing from my sources in Iraq that they will not do 1 to 1 but if they do the NEER rate it will be $1.60 and float up. We know the rate will be going up. Their politicians have told us this…thier banks have told us this. The UN has told us this…. The question is when and how much. 

[Hotcurl]

4 hours ago, ronscarpa said:

. The question is when and how much

That has been the question for the past 10+ years .......................

 

Just sayin' ..............

 

Semper Fi 

 

Thanks, Ron for all that you do .................................