Saturday Afternoon Opinions @ 4:04 PM CST - 12/03/2022

[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... Especially if it's from Mark...  RON 

 

 

*** Dinar News Flash ***  Early reports indicate the Iraqi parliament has vote for the final 2 Minister seats.  This would mean Prime Minister Sudani's goverment is complete and has the confidence of parlimanent.  Many gurus have been looking for this to signal a 'stable Iraqi government'. 

 

** Pimpy   History: What happened between Kuwait and Iraq?  August 2, 1990 Iraq invaded Kuwait.  They occupied the country around October of 1990.  Saddam Hussein told the people in Kuwait they had until October 3rd to exchange their Kuwaiti dinars for the Iraqi dinars.  After that the Kuwait dinars wouldn't have any value...Both currencies immediately were devalued.  Kuwait's dinar was devalued to protect it from being stolen and sold on the black market.  Iraqi dinars were devalued because of the invasion. [Post 1 of 2....stay tuned]

 

** Frank26   Notice how they constantly talk about the exchange rate.  I don't care if they deny it or once again repeat it.  None of this is important...The most important thing is that they are talking about it and doing it.  That is a pattern not to be ignored.  Like I told you 2 weeks ago the CBI would be talking a lot from now on and they are aren't they...

 

** Mark  Great News out of the sandbox... The Iraqi cabinet is nearly completely seated now. 2 key seatings have just occurred. It appears the entire cabinet will be done before the sun sets today...Now we just need "the" news we are looking for... There is a lot of speculation out there that we should then see our RV within a few days of the completion of this cabinet. At least that is the chatter. I do believe the CBI had been waiting to make sure the government of Iraq has their ducks in a row before they change that rate. The CBI is firmly in charge of changing the rate in Iraq. So to me the news is pretty exciting coming out of Iraq.  We are seeing it all come together.

 

** Walkingstick  [Walkingstick's Iraqi Bank partner/friend update] Iraqi BANK FRIEND: When they announce the government of Iraq is finally seated the new budget will be introduced to parliament...The budget is a number of laws within a law.  It is at that time that they will expose the laws.  These laws will be read upon the receiving the budget to parliament.  The reading of the budget laws by line item...will reveal the exchange rate. 

 

** Clare  Article: "The Iraqi Parliament completes the cabinet of the Sudanese government by granting confidence to two ministers"  Quote "the Media Department of the House of Representatives stated that an absolute majority voted to grant confidence to the two ministers, and thus the ministerial cabinet of the current federal government headed by Prime Minister Mohamed Shia Al-Sudani has been completed."

 

** UncleVersi   Article:"In the document Al-Sudani presents candidates for the presidency of the House of Representatives for the two vacant ministries in his government"  Quote "The Presidency of the Council decided to vote on the candidates in a session on Saturday."

 

[Luigi1]

The good news is we have a completed Cabinet. 

Will they be able to overcome their differences & get things done?

Corruption is still the biggest issue facing Iraq.  IMHO.