Friday Late Night Opinions @ 11:35 PM CST - 2/24/2023

[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 

 

 

 Walkingstick & Frank26   They are explaining to the citizens all the details of the currency reform. This is the CBI's 2nd stage...it is the how, when, why and where of the 2nd stage of the currency reform...The currency reform will introduce the new exchange rate and the new small category notes. Hopefully...but no guarantees..! 

 

Frank26  The 2 questions that are constantly being asked of me - What is the date?  What is the rate? ...the rate in the articles - they're going to float the dinar. They make it very plain and simple that their goal is to try to be at least 1 to 1 with the Iraqi dinar when they float...the rate right now is 1300 maybe soon it'll be 1190, maybe 1000 to 1... 

Frankie, no one has made it clear that their goal is to be at least 1-to-1 at any time. This has been your hypothesis, and that of many others; however, the CBI has made NO SUCH CLAIM...so quit the BS that this is a stated, or known fact. NO ONE knows what the rate will be - everything is pure speculation...! RON  

 

Clare  Article: "Historic collapse.. The Iranian currency records 5 million per 100 dollars" Quote: "The decline of the Iranian currency comes despite the recent steps taken by the regime, including the appointment of Muhammad Reza Farzin as the new governor of the Central Bank on December 30, 2022...the riyal was trading at 315,000 riyals to the dollar when anti-government protests erupted in mid-September."

 

Samson  Article: "Parliament hosts the governor of the Central Bank of Iraq to discuss "the status of the dollar". EXCHANGE RATE ON THE TABLE AGAIN. Let's hope they come up with a viable figure that the CBI & the IMF will go along with...RON 

 

 

And NOW for some of Mark's infamous 

MarkZ  I have a contact with a banking story…they said their bank (a major bank) drive through was closed…the ATM was down for work…they had a conversation with a long time banking contact there who said they were updating and changing their drive throughs and ATMs for our new currency...huge news in my book...Its getting harder and harder to hide this from the rank and file workers…they know they are getting new equipment…Some of this new equipment is to verify foreign currency so they can exchange them…they are keeping this so compartmentalized in the banking sector…they know something huge is happening…If they were told...that many foreign currencies will soon be worth a lot…how many of these employees would still be around in the future?  So they try to keep them in the dark... 

What a crock of crap..! There are NO ATM's that will change foreign currency notes, anywhere...! Here in the USA you will have to deal with a teller at best, but most likely a private banker or some level of manager/supervisor. Where Mark pulls this garbage from amazes me. RON  

 

 

That's all there is for today folks. Blessings..!

[cjdavid]

Thanks Ron. I really appreciate your point of view when you add it ,in blue, to what each guru says. Thanks for all the “searching for the truth” that the gurus put out there. 
 

 

one day closer!