Friday Afternoon Opinions @ 5:35 PM CDT - 4/28/2023

[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  

 

 

Samson  Article: ”The Central Bank of Iraq launches the Banking Supervision Reporting System (BSRS)" Quote: "...the new system will collect financial data from banks and non-banking financial institutions represented by banks’ quarterly data tables, mandatory reserve reservation tables, and trial balance tables for non-banking financial institutions.” 

 

Kaperoni   If the Iraqi dinar is ever going to go up in value it will do so as stated by the IMF several years ago in the Article IV Consultation stating that they encouraged Iraq to move to a flexible exchange rate policy...which would allow a predictable and gradual appreciation of the exchange rate...

 

Militia Man  The CBI announced today the BSRS (Banking Supervision Reporting System)...It's important is because ...the banks in Iraq...didn't have advanced technology.  It was all pen and paper...and it was a mess...Now they have the whole system set up from the Central Bank of Iraq down to the banks and down to the branches.  What that means is they have all the knowledge of all the currency inflow and outflow...In other words the central bank knows...how much currency inventory goes in the country and goes out of the country...they can account for all the money...The ability to account for currency and the inventory of it is phenomenal...

 

Clare  Article: "The Central Bank of Iraq launches the Banking Supervision Reporting System (BSRS)” 

 

Frank26  Article: "One week separates the dollar from stability at the parallel price of 132 thousand dinars". 1320 IS NEXT AND THEN 1100, IN MY OPINION.

 

 

[Danishere4news2]

But Frankie, you already said the current rate is 1132 & could show proof but didn't. Why anyone would ever follow such a twisted 🤡 is beyond me.