Thursday Afternoon Opinions @ 3:25 PM CDT - 6/01/2023

[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 

 

 

Kaperoni  There are a lot of new articles over this past week coming out of Iraq pertaining to the transition to the digital economy. The government, stores, fuel stations, etc all now are using  POS (point of sale) card readers.  Iraq is transitioning away from paper.  The dinar is also becoming Iraq's primary currency as they transition away from dollars. 

 

Pimpy  As an individual who is an investor in the Iraqi dinar you sit back and you ask yourself, 'What are the things you don't want to see happen that can set you back?' You don't want an uprising. You don't want to see a corrupt government try to become a tyrannical government. There is fighting between Afghanistan and Iran. What you don't want to see happen is it spills over into Iraq. The last thing you want to see is an excuse for American troops to go into Iraq.  And guess what's happening?  Yep, troops are going back into Iraq...Biden is yes, sending troops back into Iraq. Unbelievable..!

 

Clare  Article: "The Central Bank of / NINA /: Issuing a new denomination for the national currency is not on our agenda at present" Quote: "The Governor of the Central Bank, Ali Al-Alaq, said...The issuance of cash currency for the category of twenty thousand dinars, is not in the agenda of the Central Bank of Iraq now." 

 

 

[ATHIM]

3 hours ago, ronscarpa said:

Pimpy  The last thing you want to see is an excuse for American troops to go into Iraq.  And guess what's happening?  Yep, troops are going back into Iraq...Biden is yes, sending troops back into Iraq. Unbelievable..!

If true -- -- -- -- Hopefully for exchange rate hike stability.

Thanks Ron.

[HowieC]

2 hours ago, ATHIM said:

If true -- -- -- -- Hopefully for exchange rate hike stability.

Thanks Ron.

Exactly my first thought. Troops going into Iraq can be for stability purposes. Although with this twisted administration....who knows.