Thursday Afternoon Opinions @ 5:43 PM CST - 1/12/2023

[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 it it comes from Mark ...  RON 

Walkingstick  Last week the Central Bank met with all of its banks and gave them more instructions.  In fact the article we call "the 2nd article from the CBI" that came out on Sunday telling the citizens we have a new currency, we have a new exchange rate we're about to give it to you, was discussed in the CBI meetings last week with all the banks - preparing them, putting them in the position that they needed to be..[Post 1 of 2]

Walkingstick  The United States [side] had its own zoom meeting yesterday with [Walkingstick's former Firm's  1 and 2 owned banks]...with all their employees. Last week the meeting with the CBI was only with the [top] echelon, the owners and managers...now the managers yesterday had, well at least 1 and 2, had their meeting with their people, their employees...it's basically the ending process of what the banks have to do right now to introduce the new exchange rate and to introduce the new currency to the citizens. The education is pretty well set..[Post 2 of 2]

 

 

Henig  Article: "Iraq among most prominent countries to buy gold in 2022" Quote: "Gold reserves in Iraq represent 8.7 percent of its total international reserves...Regarding the largest Arab countries owning gold, Saudi Arabia continued to lead the list as it possesses 323.1 tons, followed by Lebanon with 286.8 tons, followed by Algeria with 173.6 tons, then Iraq with 130.3 tons, and then Egypt with 125.5 tons."

Pimpy  Article: "A new rise.. The exchange rate of the dollar is close to 160,000 dinars" 1,600 to 1 dollar is the wrong direction.  Nothing that I would be panicking about...[but] definitely in the wrong direction. 1,600 is not what we want per dollar.  The smaller that number gets the better it is for us...

Frank26  IMO based on the fact that they already told them they're going to give them a new rate that would be compatible with the new currency that they're going to give them.  They already told them about the float.  They already told them about the coins.  They already told them about the ATM machines...Are they still talking to the citizens and educating them all..?  Yeah - 'Go to this bank don't go to that bank' is one of the latest things they did...

 

 

 And NOW, we come to some of Mark's daily dose of 

 

MarkZ   Iraq has been fairly quiet… I am being told that banks over there as well as here in the US and all over the world have been getting redemption instructions over the last day or two. So they will be prepared for when it does occur. We still don’t have a solid theory on timing. I do hear they are still trying to do it before the 31st. They are keeping the timing broad on purpose so nobody knows the timing. The chatter and movement continues to be very encouraging... 

 

 

[Luigi1]

2 hours ago, ronscarpa said:

Walkingstick  Last week the Central Bank met with all of its banks and gave them more instructions.  In fact the article we call "the 2nd article from the CBI" that came out on Sunday telling the citizens we have a new currency, we have a new exchange rate we're about to give it to you, was discussed in the CBI meetings last week with all the banks - preparing them, putting them in the position that they needed to be..[Post 1 of 2]

Walkingstick  The United States [side] had its own zoom meeting yesterday with [Walkingstick's former Firm's  1 and 2 owned banks]...with all their employees. Last week the meeting with the CBI was only with the [top] echelon, the owners and managers...now the managers yesterday had, well at least 1 and 2, had their meeting with their people, their employees...it's basically the ending process of what the banks have to do right now to introduce the new exchange rate and to introduce the new currency to the citizens. The education is pretty well set..[Post 2 of 2]. 

 

 

 If WS is right about the above articles then the RV-RI is imminent.  Time will tell.  Go RV.

[T B]

maybe he will get a new walking stick soon? ahh well let him get a little praise, to many gurus now taking his place! be blessed people, dang im getting old and tired of this ride!