Monday Afternoon Opinions @ 4:15 PM MDT - 5/22/2023

[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  ...people trying to claim there's a in-country rate and out of country rate...there's not going to be one that's for out of country and one that's for in country. The only time you're going to see...them talk about two exchange rates are the parallel exchange rates. All that is is the difference between what the government says the exchange rate is and ...what the parallel (black market) rate is. So it's what people are willing to give you on the streets versus what the officials are willing to give you in the bank.

 

Militia Man  Article: "Banknote of 50 Iraqi dinars must be printed"  Right now their lowest currency is 250. This article is suggesting...a 50 or say 100...To have smaller denominations tells you there's going to be an increase in the value to the currency - to have a need for those small currencies... Quote: "...we're in an economic crisis so we must hasten to find a solution." ...they're openly talking about small category notes.  Not all of them.  They just give reference to the 50 and the 100 which is a step in the right direction.

 

MarkZ  In Iraq Article: “A special session to vote on the budget on Monday”  they are working on it as we speak. I was hoping we would have had the quick rubber stamp on it by this morning…but nothing yet...We told you last week that the new rate may not be in the budget…what is important is the mechanism is in the budget to change the rate whenever they need to. Things are looking great everyone…absolutely nothing negative. Many conversations on Iraq over the weekend on lower denominations.  How they need something lower than the 250 dinar note. They talk about re-establishing the 50 dinar note...Why do they need smaller notes if they have coins?  It means they are preparing to change their value...

 

 

[coorslite21]

Sure....how many times in the past have various "experts" claimed these were printed long ago...

[rvmydinar]

16 hours ago, ronscarpa said:

MarkZ   Many conversations on Iraq over the weekend on lower denominations. 

Conversations? Now it depends on who's talking? Is this conversation between nader and his friends in the mosque??