Monday Evening Opinions @ 6:15 PM CDT - 3/27/2023

[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 ...  RON 

 

 

Kaperoni   Dinar community Comment - 'Kuwait RV'd thier dinar in 1992.'  Not true. Keep in mind there's a significant difference between Kuwait and Iraq. Kuwait has billions of dinar in circulation, Iraq has trillions.

 

Nader From The Mid East  I don't think it's gonna be 1 to 1.  I think it's gonna go...between $3.28 and $3.50 directly.  After this rate 1132 it's gonna be big thing to happen.

 

Frank26  The world is pouring into Iraq because of the monetary reform that is exploding the economic reform. The only reason why the economic reform has been so successful is because they know very well what is happening with the budget of Iraq and they know how it is being funded and they know what's backing it...

 

MarkZ   It appears that Iraq has fired the shot heard around the financial world. They are preparing to go solo… It appears that many other countries want to go with them.   Member Question:  If the dinar and dong go separately…will they float? Answer: Yes if they go alone we expect them to float. I still think there is a 90% chance they go all at once...We are now seeing a very clear end coming…that is super exciting to me.

 

Sandy Ingram  Article: "Central bank sales exceed 800 million last week" Based on the Middle East News feeds it is important...The total sales of the Central Bank of Iraq through the window of selling hard currency to the dollar during the past week amounted to more than 800 million dollars. This news flash leads me to believe Iraq is becoming More and more like Panama each day, however Panama's currency is valued at 1 to 1 against the US dollar...Is Iraq hanging on to the US dollar so tightly because the foundation of their wealth is in US dollars?  Meaning the oil revenue? ...this is a massive amount of exchange for the US dollar in one week.

 

Militia Man  Everything we're seeing is phenomenal. They can't go back. They're gonna reprice at some point in time because they have to and I wouldn't be surprised if they are forced to talk about that very quickly...

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: My bank friend from First Bank of Iraq has new global money transfers. He said this system just started.  This screams international. FRANK: That's awesome! Yes it does!

 

 

[Luigi1]

Great posts.  

Thanks Ron.

[screwball]

you know what's interesting everyone talks about the deficit in the budgets????? 

[rvmydinar]

12 hours ago, ronscarpa said:

Nader From The Mid East I think it's gonna go...between $3.28 and $3.50 DIRECTLY.

Is it going to be a straight RV or RD+RV? According to Nader , might " DIRECTLY " mean a straight RV?

[cutter73]

50 minutes ago, rvmydinar said:

Is it going to be a straight RV or RD+RV? According to Nader , might " DIRECTLY " mean a straight RV?

That'd be great but thinking more like 1.13 

[hspotman]

53 minutes ago, rvmydinar said:

Is it going to be a straight RV or RD+RV? According to Nader , might " DIRECTLY " mean a straight RV?

This has always been a big fear.  But the consensus reply would be, they would have done that a long time ago if this were the case.  My reply would be, Who the f know anymore!

[rvmydinar]

14 minutes ago, hspotman said:

This has always been a big fear.  But the consensus reply would be, they would have done that a long time ago if this were the case.  My reply would be, Who the f know anymore!

Yep. Noone knows what it is going to be. Let's just wait and see what the cbi is going to do with their currency.

[rvmydinar]

20 minutes ago, cutter73 said:

That'd be great but thinking more like 1.13 

I would be happy with 1.13 if it is truly happening.