Saturday Afternoon Opinions @ 4:50 PM CST - 2/04/2023

[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 if it comes from Mark or Rayren... RON 
 

 

 

Kaperoni   Walkingstick says Iraq is making a switch from a program rate to an international free market for the Iraqi dinar...the term 'program rate'...was a specific agreement between the IMF and Iraq for compliance reason. The exchange rate is the exchange rate! ...If and when the dinar does go up in value it will be based on strategic monetary policy and economic growth. There are no shortcuts.

 

Nader From The Mid East  For now they have to get out of all of the corruption they have.  But they're going to get it. The Untied States is helping Iraq to arrest corrupted people.  Give it some time...things are doing a lot better in Iraq.  I promise you things are doing a lot better in Iraq.

 

Pimpy   I'm not sure where these people are getting all these rumors.  We know that Al-Sudani said he wants to restore the Iraqi dinar to its original value, but he never said what that original value is.  That could mean he just wants to close the gap between the market and the paid amount restoring the Iraqi dinar value closer to 1450 where it was.  Or is he talking about going back to the previous exchange rate of 1190 dinars for every dollar...people running around talking about Al-Sudani said he's going to restore the rate at $3.48 or $3.22 or anything else is fake...

 

Militia Man  1460, that's the official rate. That hasn't changed. But since they've gone on to this electronic platform the exchange rate on the street has gone from 1460 to subsequently 15,16, 17. Now it's pushing 1800. That's creating a very big problem because the citizens are having to absorb that effect...

 

 

[Luigi1]

24 minutes ago, ronscarpa said:

Militia Man  1460, that's the official rate. That hasn't changed. But since they've gone on to this electronic platform the exchange rate on the street has gone from 1460 to subsequently 15,16, 17. Now it's pushing 1800. That's creating a very big problem because the citizens are having to absorb that effect...

 

 

 

IQD approaching 1,800 hardly seems like they got things under control.

Will the electronic platform change anything? Just curious.

[screwball]

7 hours ago, Luigi1 said:

 

IQD approaching 1,800 hardly seems like they got things under control.

Will the electronic platform change anything? Just curious.

Hasnt be activated as far as I am concerned…sudani talked about two rates 1350 and 1450 would this be a buy and sell rates? Buy and sell rates are forex rates? I believe that forex has not been reactivated for them..

[screwball]

Still have two weeks according to the last lots of articles..