Sunday Afternoon News & Opinions @ 4:54 PM CDT - 5/07/2023

[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 

 

Clare  Article: "Parliamentary Finance expects the date of stabilization of the dollar price at the official price" Quote: "We are sure that after the approval of the budget law, there will be a match between the official price and the parallel price."

 

Pimpy   Article: "Parliamentary finance suggests when the dollar price will stabilize at the official price" As much as they talk about this in the news there's obviously still some concern about the exchange rate of the Iraqi dinar. The difference between the official rate and the parallel rate is slightly off but it could be a lot closer. There's still enough margin...that the "bad guys" can still make a pretty good profit if you're dealing with large amounts of dinars verses dollars...what they're predicting is once the budget is approved and implemented then you'll see the official rate and the parallel rate equal out...

 

Frank26  Article: "Parliamentary Finance expects the date of stabilization of the dollar price at the official price" Quote: "We are sure that after the approval of the budget law, there will be a match between the official price and the parallel price."  LIKE WE TOLD YOU THEY KNOW THE DATE..!

 

 

Sandy Ingram  Article: "The Central Bank announces the launch of the banking supervision reporting system" This new system may seem like another boring news story but I assure you this announcement is pure gold. The new system will help the Central Bank of Iraq know instantly the financial status of banks and non-banking financial institutions approved by the Central Bank of Iraq...