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Sunday Evening Opinions - 7:05 PM MDT - 3/19/2023


ronscarpa
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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 .... :twothumbs: RON 

 

 

Militia Man  [CBI governor Alaq talking about Iraqi dinar becoming a major currency] Statement: The Central Bank is trying to reevaluate all monetary policies and to control the dollar in the parallel market expanding the circle of direct dealings in international currencies. That was back in February...they were including...yuan...euro... yen...and dollar...Why is that important? [Post 1 of 2]

 

GameofPatience  the budget is waiting on the rate. Kuwait changed their rate on 3/24/91, this year that would be the weekend of 3-25/26.  Iraq and Kuwait have the same budget periods April - March.

 

BobTheTaxMan  We as private holders of this currency were considered speculators anticipating gains from this revaluation ...This is not tradable on the Forex.  It's not even usable here in the United States...for us [In the United States] we're just holders.  That's part of the reason why it's being treated as an ordinary income instead of a long-term capital gains. [NOTE - Consult your financial and tax professionals at the appropriate time to determine the right taxes for your unique situation and circumstances.]

 

 

:tiphat:

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