Sunday Early Morning Opinions - 8:55 AM CST - 1/29/2023

[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   Article: "THE OVERTHROW OF SPECULATORS AND THE STREET GIVES THE CENTRAL BANK A WEEK TO SAVE THE DINAR" ...these dinar rates at even 1166, 1450, etc. are NOT acceptable. The true rate is being suppressed. There is a difference between the wording of “value” and “rate”. The value of the dinar never left the dinar since it is based on the oil they are pumping. In fact they are pumping almost 2/3 more since Saddam Hussein’s day. Plus, there is a huge CBI reserve $100 billion + and almost 38 ton stockpile of gold. So, to think they have to rehabilitate and grow their economy first to RV to the rate we are looking for is very, very foolish... The rate does not reflect the true value. Yes, if they grow their economy to greater heights, the value and thus the rate should then reflect the increase and go even higher. 

 

[Luigi1]

Great article.  Now only if they would implement such action rather than just talk about it.

[screwball]

7 hours ago, ronscarpa said:

 The true rate is being suppressed. There is a difference between the wording of “value” and “rate”. The value of the dinar never left the dinar since it is based on the oil they are pumping. In fact they are pumping almost 2/3 more since Saddam Hussein’s day. Plus, there is a huge CBI reserve $100 billion + and almost 38 ton stockpile of gold. So, to think they have to rehabilitate and grow their economy first to RV to the rate we are looking for is very, very foolish... The rate does not reflect the true

agree with this