Tuesday Evening Opinions - 6:55 PM CST - 3/07/2023

[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 

 

 

Nader From The Mid East  The street demonstrations you see...First it's for the food baskets. Second is for what we call it ID - retired people want more money. Third is for the exchange rate...purchasing power. Power to purchase more things with their money.  That's what they want to do.  That's why you see there's a demonstration.

 

Sandy Ingram  How Iraq caused the currency crisis - Here's what happened.  Iraq spends around $900 million a month on Iranian goods.  $50...is for electricity and gas...Now the mistake - The U.S. and Iraq decided to pay Iran in Iraqi dinars. Surprisingly Iran said okay. Iran then proceeded to the Iraqi daily exchange auctions to trade the dinars for U.S dollars. [Post 1 of 2]
 

Sandy Ingram The Federal Reserve Bank in New York City had a fit and began implementing restrictions...You see, the U.S. holds the money Iraq makes from oil sales...Iraq is caught between the U.S. massive amounts of oil revenue and OPEC controlling Iraq's oil exports and Iran controlling Iraq's electricity...the bottom line - Iran obtained large large amounts of the Iraqi currency that Iraq needs to pay government salaries and run the government...this is a global issue. [Post 2 of 2]

 

 

Frank26  If the budget comes out at 1300 it will not stay at 1300 for long.  I hope that you can tattoo this somewhere you can always remember it...there's another exchange rate coming...there's another rate change coming. It was 1750. It's 1300. There's another rate change coming.

 

Pimpy  A lot of people asking me if the Iraqi dinar exchange rate has changed again.  No it has not.  When you hear people out there whether it's from the news or people posting about the exchange rate they're usually talking about the open market rate which is different than the official rate.  We know right now the official rate is 1300.  We know the black market is somewhere around 1450 which is where they wanted it in the first place...

 

Militia Man  The Council of Ministers referred to dealing in dinars.  It says there's no justification for citizens to use foreign currency in local transactions.  In other words in their local transactions there's no reason to be doing anything outside of the dinar...if you're going to go buy a car - dinar.  You're going to go buy a loaf of bread - dinar.  Just the way it's going to be...

 

Frank26  [Iraq boots-on-the-ground report] Firefly: My bank friend thinks soon we will see the CBI talk about the lower notes and the upcoming rates. It's all pointing to this.  He says everything now being set at 1320 but he still thinks we will see another move soon on the exchange rate. Then to 1 to 1 ratio before the float internationally. FRANK: IMO everything your bank friend is telling you is 100% correct. This month of March will show you what he...told you. You will see your new small category notes and new exchange rate.  Remember you will see it first in article print and then it will be given to you physically. These are exciting times as we cross the finish line together...

 

 

[rvmydinar]

10 hours ago, ronscarpa said:

Nader From The Mid East Power to purchase more things with their money.  That's what they want to do.  That's why you see there's a demonstration.

Power to the people. Either Burn it down and overthrow the government or RV the dinar. Come on goi and cbi , Make your choice now.