Saturday Early Afternoon Opinions @ 2:35 PM CDT - 4/01/2023

[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 Bruce ...  RON 

 

 

 Clare  Article: "Al-Sudani's advisor identifies the reasons for the decline in the parallel price of the dollar in the Iraqi market" Quote: "The Central Bank's window sales began to touch their previous normal rates of sale, to reach approximately $200 million per working day in the foreign currency auction, which is a very stable level of sales to meet the market demand for foreign exchange...the price differences between the official exchange rate of the dinar against the dollar and the price equivalent to it did not widen, but there are strong signals towards contraction...especially the decline of the dollar in the parallel price...The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar"

 

Pimpy  Article: "Central Bank: Dollar will gradually fall within two days to reach official rate" This article I find very interesting...this person was able to pinpoint an actual time when the gap between the official rate and the market rate would be closed...it looks like it has fallen.  You get 1461 dinars for every dollar compared to where it was - 1700 and something...the market rate is indeed going down.  This is good.  We want that number to shrink...I would love to see that sucker continue to drop, drop and drop...

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Bank friend thinks it might not float but go straight to $3+ FRANK: I heard about that rumor...it's stupid.  It has to float.  Mathematically they need to float...Either way we win...