Saturday Afternoon Opinions @ 5:25 PM CDT - 5/20/2023

[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 

 

 

Deepwoodz  Some have said... “How can Iraq afford to come out with such a high exchange rate of 3+ ? How can they afford to pay out to all the other holders of dinars in the world and stay wealthy?” That answer is simple and also explains how their budget can be so big. They don’t actually “pay” it out. The world is in agreement ie..the IMF, the World Bank, and all the other countries who hold dinar, that their currency should be 3+. Who holds the most dinar, soon the most valuable currency in the world? IRAQ DOES.

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: We have been told for weeks that the budget will be approved with no problem but they keep backing it up and it seems to be something big is up. We knowing about the HCL is part of the budget so we know it's not going to be like other budgets.  We know we're going to be getting ours as well.  Something is happening... FRANK: Yeah!  It's kind of like the tremors just before the major eruption of the volcano.

 

Clare  Article: "Korean parliamentary delegation: Iraq today is more secure, stable and prosperous ..and we will recommend to the government to lift the travel ban to it"

 

MarkZ   Article:  “Parliamentary Finance completes voting on the paragraphs of the budget law” They are passing and approving sections of the budget law before the pass the whole thing-which I am being told is  still expected tomorrow.. Mostly theatre right now imo…they told us we would see this over the weekend and we are indeed seeing it. Expectations are for an early vote tomorrow to officially pass the budget. We are hopeful with the HCL in the budget that we will quickly see a rate change. There is a mechanism in the budget to quickly adjust the value. This is a very important thing that tells us they are planning to change the value.
 

 

 

[Luigi1]

46 minutes ago, ronscarpa said:

Deepwoodz  Some have said... “How can Iraq afford to come out with such a high exchange rate of 3+ ?

 

The IQD will join the USD, China Yuan, Japan Yen, EURO & Swiss Franc as the preferred global traded currencies.

CBI just ordered the print up of more high denomination notes, smaller denomination notes & coins to meet global demand.

This is another way Iraq will be able to afford at $3+ rate.