HOT NEWS - Monday Mid-Morning Opinions - 11:11 AM CST - 12/05/2022

[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... So, take everything with a grain of salt... Especially if it comes from Mark ...  RON 

 

 

*** Militia Man  Article: "In the document.  The central bank decides to increase the weekly share of dollar sales"  Are they about to make a big move? 

 

*** Frank26  Article: "Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar (document)"  THE CBI SAID THERE WILL BE GRADUAL DECREASES TO THE DOLLAR EXCHANGE RATE. 

 

*** Clare  Article: "Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar (document)"  Quote: "The Central Bank of Iraq decided, on Sunday, to increase the weekly sales of the US dollar in the currency auction, in an attempt to restore the exchange rate to its previous state." 

 

 

Keep Praying Everyone, that it's substantial..! RON 

[ronscarpa]

Added @ 11:50 AM CST:

 

*** Kaperoni  The Prime Minister of Iraq met with the central bank governor...He was instructed to take steps to improve the banking system. The governor was directed to further liberalize foreign exchange. The benefit of such a move helps Iraq integrate with the global banking system, increase investment and encourage financial integration...this should put Iraq in a position to accept IMF Article XIII...[Post 1 of 2..stay tuned]
 

 

[ronscarpa]

Added @ 12:06 PM CST:

 

*** Kaperoni  This step by the central bank today will help perpetuate investment and develop their economy. It is a first step of many.  Liberalizing the foreign exchange and access to dollars should also have an affect on the dinar exchange rate. Though they are not talking about an RV they are talking about using the liberalization to raise the value back to what it was a year or so ago around 1170 to $1. [Post 2 of 2] In Kaperoni's opinion - no one really knows what they are going to do.

[Bob]

Starting Tomorrow...I will begin thinking about buying my Bently again!!  Just sayin!

 

Seriously though..Thanks for the good news!

[Luigi1]

1 hour ago, ronscarpa said:

*** Kaperoni  This step by the central bank today will help perpetuate investment and develop their economy. It is a first step of many.  Liberalizing the foreign exchange and access to dollars should also have an affect on the dinar exchange rate. Though they are not talking about an RV they are talking about using the liberalization to raise the value back to what it was a year or so ago around 1170 to $1. [Post 2 of 2] 

 

CBI may RV to last year's 1170 rate at first. 

That doesn't mean it'll stops there. 

Don't give up or be discouraged.

There may be other rate adjustments after the initial first one.  IMHO.

[Laid Back]

Sooner than later they will have to remove exchange control and let the dinar be subject to the forces of supply and demand.

 

Go open market economy 

Go supply and demand 

Go dinar real price

 

 

[DanP]

4 hours ago, Bob said:

Starting Tomorrow...I will begin thinking about buying my Bently again!!  Just sayin!

 

Seriously though..Thanks for the good news!

Why did you sell it!😁😁

[screwball]

1 hour ago, Laid Back said:

Sooner than later they will have to remove exchange control and let the dinar be subject to the forces of supply and demand.

 

Go open market economy 

Go supply and demand 

Go dinar real price

 

 

100%

[screwball]

you might be right

[Smokey Mtn. Dinar]

 Kraperoni  

[screwball]

kaperoni = flog