Saturday Morning Opinions @ 10:00 AM CST - 1/28/2023

[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 .... RON 

 

 

Mnt Goat ...we had some “WOW” news this week with the inauguration of Ali Alaq as the director of the Central Bank once again. No, he is absolutely not in a proxy position...We must stop for a moment and ask the significance of this move by Al-Sudani to appoint Ali Alaq back as director... he was very ambitious and wanted to bring back the prestige of the dinar... [See Mnt Goat's Rate Chart on Friday Morning's post] I believe we can expect the same sort of communication...about where we stand with the project to delete the zeros and any move to go international...This will probably take place in a week or two.

 

 

Frank26  Article: "Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems"  DISTORTED BECAUSE THEY DEPEGGED & ARE PREPARING TO FLOAT INTERNATIONALLY  Quote: "Al-Sudani said, There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003.." 

 

 

Edited January 28 by ronscarpa

[Luigi1]

10 minutes ago, ronscarpa said:

Frank26  Article: "Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems"  DISTORTED BECAUSE THEY DEPEGGED & ARE PREPARING TO FLOAT INTERNATIONALLY  Quote: "Al-Sudani said, There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003.." 

 

 

 

NO. 

IQD is pegged to a basket of currencies, the USD, the EURO, Swiss franc, Japan Yen & China Yuan. 

IRAQ wants to rid itself of USD auctions, money laundering, Iran influences & corruption. 

Iraq also wants itself to be totally reliant on the IQD.

That hasn't a thing to do with de-pegging. 

The new asset backed USD will still have a roll in the global community.  IMHO.

[rvmydinar]

18 minutes ago, ronscarpa said:

Mnt Goat .. he was very ambitious and wanted to bring back the prestige of the dinar...

Hey goat. Who and who still believe what said about bringing back the prestige of the dinar?? He is a type of yes man and follow order from his corrupt boss (?).

[ronscarpa]

Added @ 10:45 AM CST:

 

 

Clare  Article: "Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems" Quote: "One of these files will be dealt with with the US Federal Bank and the Treasury Department, to find out the repercussions of applying the standards set by the US Treasury in a way that guarantees the desired goal from all sides." 
 

[ronscarpa]

2 minutes ago, ronscarpa said:

Clare  Quote: "One of these files will be dealt with with the US Federal Bank and the Treasury Department, to find out the repercussions of applying the standards set by the US Treasury in a way that guarantees the desired goal from all sides." 

 

A very interesting statement ... it causes one to consider exactly what the UST's level of influence is....and the ramifications of that influence...! RON 

[ronscarpa]

40 minutes ago, Luigi1 said:

IQD is pegged to a basket of currencies, the USD, the EURO, Swiss franc, Japan Yen & China Yuan. 

IRAQ wants to rid itself of USD auctions, money laundering, Iran influences & corruption. 

Iraq also wants itself to be totally reliant on the IQD. That hasn't a thing to do with de-pegging. 

The new asset backed USD will still have a roll in the global community.  IMHO.

 

Luigi, the IQD is "not yet pegged" to a basket of currencies, it's still pegged to the USD. The plan is to eventually float with its valued based on the basket you mentioned. Blessings...RON 

[edbeach]

No Mtg Goat you are absolutely wrong The Prime minister al-Sudani said this week he put al-alaq in the position of CBI Governor as proxy.

[fioranosportscars]

 

[screwball]

5 hours ago, fioranosportscars said:

 

Interesting restructure of banking operations specific period ending March 2023 different tiers for money invested with a qualifying enrolment period! Hmmm.

 

does a Citibank sell dinars? Anyone contacted their foreign currency section

[fioranosportscars]

48 minutes ago, screwball said:

Interesting restructure of banking operations specific period ending March 2023 different tiers for money invested with a qualifying enrolment period! Hmmm.

 

does a Citibank sell dinars? Anyone contacted their foreign currency section

I am not sure..