Thursday Night Opinions - 9:35 PM CST - 11/24/2022

[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... so, take everything with a grain of salt...  RON 

 

 

*** Frank26  the next person that tells you that it's a lop maybe you show them this...The exchange rate of the Iraqi dinar...is 1460...the goal is to drop the 3-zeros and to end the play at $1...let's say they take this rate to 1000 then they drop 3-zeros.  It's $1.  That's their goal to reach 1 to 1 exchange rate with the American dollar.  [Post 1 of 2....stay tuned]

 

*** Kaperoni  Pimpy actually made a smart post when asked about Iraq changing the value of the dinar. He says it does not benefit them at this time as they rebuild their economy. That is correct! Pimpy's post is reposted below for context.

 

 

*** Pimpy  Article Quote: "The absence of the approval of the 2022 budget has hindered taking advantage of the rise in oil prices to implement new investment projects - In addition with weak business environment and efficiencies in public sector investment, mismanagement, corruption and the lack of adequate infrastructure.  All these factors constitute major obstacles to attracting foreign investment despite some progress in the recent years."  This is the big reason why you're not seeing any real increase in the Iraqi dinar exchange rate.  Those are huge steps...that need to be taken before they can increase their purchasing power and before they can increase the value of the Iraqi dinar... So very true..! [Reposted]

 

 

I hope everyone had a Wonderful & Blessed Thanksgiving.

Give thanks to Almighty God for His abundant provision & blessings.

[ronscarpa]

Frank Part 2 - Added @ 10:25 PN CST:

 

 

*** Frank26  Here comes the tricky part where everybody get's messed up.  Ok at this point they change the rate to 1 to 1.  Remember what they said they're going to do once they change the rate to 1 to 1?  Float...Where is it going to float?  Internationally...when it does, 1 to 1 will grow...they'll find a place where they cap it.  Back in 2003 it was $3.22.  That was over 20 years ago.  It should be way past that in my opinion.   [Post 2 of 2]