Wednesday Afternoon Opinions @ 4:25 PM CDT - 5/31/2023

[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 

 

 

Frank26   [Iraq boots-on-the-ground report] FIREFLY: New currency notes are being explained to us and they're saying they are coming to us. Talked about the need of why they are bringing a new currency and a new exchange rate... FRANK: They are now again repeating to you you're going to receive a new national native currency that is being put right into your hands. You see what they're telling you about the international theater and how this new currency is going to be all all over the place. That's because it will float in a basket. These are incredible time for you...

 

Deepwoodz  Question: ["...A friend... thinks budget before the rate. I think rate before budget. What is your opinion?] Rate before budget or budget before rate ?"  ...All they talk about lately is the budget. Then supposedly the HCL is next. We haven’t seen any descriptions of new currency or coins. No description of denominations. Supposedly the exchange rate is a “line item”.  Supposedly it can be changed any time like an amendment and I suppose I can see that happening.  Sounds logical.  What would be the benefit of budget first?  I think the benefit is that the rate is a secret. Until it isn’t....They have huge plans ahead and will need to get the budget done in order to capitalize on a new rate...

 

Clare  Article: "Economist: stagnation hits the Iraqi markets due to the delay in approving the budget"

 

Walkingstick [Walkingstick's Iraqi Bank owner friend report]  It looks like on June 1st they want every point of sale device that has been handed out already to go live with the CBI. 

 

 Frank26  [Iraq boots-on-the-ground report] FIREFLY: They're telling us today that Thursday they will activate all electronic payments, all POS devices in all government and private sectors... FRANK: ...That's the 1st of June...I don't know what to say except this is very interesting.  June 1st. 

 

MarkZ  Comment: Is Iraq going to float first?  I am not hearing its going to float.

Goldilocks  We currently do not have a rate change in Iraq, but we are getting closer. Let's take a good look at where we are. Iraq is currently moving into electronic mechanisms design to fulfilled trades on both sides of a transaction...These mechanisms are internationally approved and internationally based.  Iraq has built up their foreign currency reserves to stabilize their economy.  They have issued new VISA and MasterCard credit to their people allowing local and International payments. [post 1 of 2]

Goldilocks  They have a new working currency reform system. They have adopted their own National Currency, and it is now the preferred currency. * And, they have recently increased their gold reserves by over 2% stating that this is "just the beginning." ...did you know that gold and currencies are co-related? Holding gold strengthens relationship values between countries. It is one way to raise the value of a country's currency. [post 2 of 2]

 

 

[Luigi1]

15 minutes ago, ronscarpa said:

 Frank26  [Iraq boots-on-the-ground report] FIREFLY:  FRANK: ...That's the 1st of June...I don't know what to say except this is very interesting.  June 1st. 

 

 

 

What's going on...Frankie?  Do we have a rate change?  It's already the 1st in Baghdad.

[Drez]

It's already June 1st over there, 

[screwball]

no rate change.....it willbe CBI and on xe,com

[hspotman]

1 hour ago, Drez said:

It's already June 1st over there, 

But is is only 245am. Come back in 10 hours

 

[screwball]

1 minute ago, hspotman said:

But is is only 245am. Come back in 10 hours

 

try Sunday night...because if the do it Sunday night their banks are open and then ours are shut.....and if we have a reset in that time then everything will be shutdown for atleast 10 days of darkness

[screwball]

2 hours ago, ronscarpa said:

Goldilocks  We currently do not have a rate change in Iraq, but we are getting closer. Let's take a good look at where we are. Iraq is currently moving into electronic mechanisms design to fulfilled trades on both sides of a transaction...These mechanisms are internationally approved and internationally based.  Iraq has built up their foreign currency reserves to stabilize their economy.  They have issued new VISA and MasterCard credit to their people allowing local and International payments. [post 1 of 2]

Goldilocks  They have a new working currency reform system. They have adopted their own National Currency, and it is now the preferred currency. * And, they have recently increased their gold reserves by over 2% stating that this is "just the beginning." ...did you know that gold and currencies are co-related? Holding gold strengthens relationship values between countries. It is one way to raise the value of a country's currency. [post 2 of 2]

yep...more likely to listen to this person than the other flogs....

[screwball]

2 hours ago, ronscarpa said:

It is one way to raise the value of a country's currency. [post 2 of 2]

iraqis currency as per consitution and law is linked to gold and silver and by the way so is Irans.....

[rvmydinar]

9 hours ago, ronscarpa said:

Frank26  FRANK: ...That's the 1st of June...I don't know what to say except this is very interesting.  June 1st.

June 1st?