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Monday Evening Opinions - 7:44 PM MST - 12/05/2022


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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 ... :twothumbs: RON 



** Frank26  [Iraq boots-on-the-ground report] FIREFLY: If it floats is it going to go up really fast?  And when is the best time for us to go in and exchangeFRANK:  As far as when you exchange...that is a personal decision. You have to make that decision. At what rate you feel is good enough for you.  1 to 1, 1 to 2, 1 to 3 etc.  You've got to know when to hold'm and know when to exchange'em.


** tlm724   Article: "Association Of Banks: Central Bank Measures Will Return Dollar Prices To Their Rates QuicklyQuote: "those who criticize the central bank must be aware that its measures announced yesterday by increasing the supply of dollars through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly."


** Mark  I am being told (told by whom) it is looking to start the float around 1160+ …and the rate will be looked at each day. This is massive progress coming out of Iraq. This makes sense as to whats best for the Iraqi people. This is a slow grind to the top and I am told it will not affect our contract rate as it is based on the “Oil for Dinar” contracts. So even if the rate takes awhile to get to where we want it…it has now started. They have now announced that it has started. There is no more “Waiting for this to go”...Expect the float to go fast. I am very excited about the news out of Iraq. [Q? So its possible we could go to the banks this week?]  it could be. We will have to wait and see. If the float rate kicks in Tues or Wed…we could see that rate start to run…very quickly. :confused2:


** Walkingstick  [Walkingstick's Iraqi Bank partner/friend update] BANK FRIEND:  It is no secret to any Iraqi citizen at all. Any Iraqi citizen can come into our banks in Iraq or when we open our private banks and they will be able to see the training of the tellers...they see the new counting and sorting machines we have on our counters. They know they are not for the dinar they are using right now.  It is for a currency that is new...they know the new ATM machines inside our banks and in the streets are still offline.  It is not secret. :twothumbs:


** Clare   Article: "Government official: The exchange rate of the dollar will decrease and its impact will be after a weekQuote: "A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank's decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week:twothumbs:


** Mark ...I think its economic brilliance coming out of Iraq. From Iraq: ??we have a rate. We do not have a fixed rate…we literally have a floating rate now. And based on the market at the end of each day now...A measured approach so they can soak yet more dinar off the streets before their bigger revaluation. I am very excited about it. They are going to allow the market to set the rate each day…This is enormous news. You should be like jumping out of your boots over this one.




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