Thursday Late Night Opinions - 11:25 PM CDT - 5/11/2023

[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 

 

 

Pimpy   When you go through the news in Iraq all of it is talk about the budget.  When it's going to be done.  When they're going to vote on it.  What is the holdup.  I think where people are misunderstanding is it's not just one year.  They're not trying to vote for a budget for 2023.  They're voting for a budget for 2023, 24 and 25.  It's not that easy.  The committee had the budget.  They look over it, they make their adjustments, they then send it over to the House of Representatives who...put their changes they want, they send it back to the committee and it goes back and forth like a boring game of ping-pong.  Sometimes it happens really quick and they agree on the same thing.  Other times times it doesn't... they're going to keep going back and forth.

 

Clare   Article: "The Sudanese advisor comments on the return of the dollar's rise: gangs are the reason" Quote: "Salih...organized crime gangs took advantage of (electronic) travelers' cards. These gangs illegally and legally use citizens' passports in order to issue electronic cards and smuggle them out of Iraq in order to finance black transfers and smuggle money."

 

 

[ronscarpa]

Note Luigi's Post from earlier this evening - It speaks to Clare's post above And Sandy Ingram's from this evening:

 

 

   Luigi1

Clare  Article: "Sharq: The collapse of the Tehran Stock Exchange caused a fifth of the liquidity to evaporate within two days" Quote: "...the significant decline in the Tehran Stock Exchange markets during the past few days as "amazing" and "shocking", as the equivalent of a fifth of the country's cash liquidity evaporated in just two days."

This article is a huge story...it could be harmful towards the economic reform...here's why...

 

1-CBI has re-started up the currency auctions, again.

2-Iraqis are flying to nearby countries to purchase USD.

3-Street money vendors are back in business.

 

All the above has been in Iraq news this week. 

All the above benefits the corrupt in Iraq & Iran.

Iran may be skirting around new loopholes in UST crackdown on USD going to Iran.

A new money making cottage industry may had sprouted up to benefit Iran.  IMHO. Luigi1

Edited May 12, 2023 by ronscarpa

[dinarham]

There is a limit to how much dinar can be taken out of Iraq , that being$ 10,000 iqd , which is equivalent to$80 usd. So what currency are they using to purchase usd ?

[lmb4321]

Ronscarpa....Let's see what happens with the Budget Next week...

I tend to not believe what any Gurus are saying period....👋

[rvmydinar]

7 hours ago, dinarham said:

There is a limit to how much dinar can be taken out of Iraq , that being$ 10,000 iqd , which is equivalent to$80 usd. So what currency are they using to purchase usd ?

If there is a limit of 10,000 iqd / $80 being taken out of iraq , then how can the dinar dealers in the US get hundred of millions of iraq dinar to be stocked up and sold to US dinar dealers?? Most dinar holders ( first hand ) buy millions of iqd  from the dinar dealer in the US. Right. Yes.

[dinarham]

 Good question. All I know is that this limit has been in place for months . The lower notes are unavailable for the most part .