Sunday Midnight Opinions - CDT - 5/21/2023

[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: "For the first time... two private Iraqi banks with assets exceeding two trillion dinars, and Asiacell achieving historic profits"   Quote: "... Asiacell Telecom Company in Iraq achieved historical profits amounting to more than 100 billion Iraqi dinars in the first quarter of the year 2023, with a growth rate of 60%...net profit growth of Zain Iraq, to reach about 40 billion dinars in the first quarter of 2023, an increase of 800% compared to the first quarter of 2022."

 

Frank26  They'll all cross the finish line together - the new exchange rate, the budget, the HCL, the new small category notes, the coins, the ATMs and bring back all the electronic cards and everything that was canceled and frozen for a few days...

 

Kaperoni   Community Comment: "...If it [the dinar float] starts going up two or three hundred points a day or even a week I’m gonna empty my savings buying more..."  It is my opinion you won't be able to buy any physical dinar. My guess is you'll be able to deposit your dinar in a dinar denominated account through a ECM/brokerage firm and trade electronically.