Thursday Evening Opinions - 6:58 PM MDT - 8/03/2023

[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 

 

Jeff  The reason why it's not getting implemented, the instructions or the budget itself or the rate change is because...the budget has a specific period of time at which it's allowed to be implemented.  That's not right now...there's a specific point in the year and they can only implement the budget at that specific point in the year.  It's called the budget period.  We're not there yet.
 

 

Frank26  It is extremely impressive to see the relationship between Kuwait and Iraq.  That was an impossibility just a few months ago.  That tells me Kuwait agrees with the monetary reform of Iraq's currency as long as it is not one penny above Kuwaits exchange rate.  This is exciting see what's happening with Kuwait.

 

Militia Man  You're seeing in the news there's massive amounts of people being arrested and charged for money laundering/illegal trading and smuggling of the dollar and the dinar.  

 

Pimpy  Hopefully everything works itself out between Iraq and the United States and they'd lift these sanctions so that the value of the dinar will go back up.  It's ridiculous they're putting sanctions on these banks based on suspicions.  They should have evidence, they should have proof, before they slap sanctions on anything IMO.

 

 

Kaperoni  A lot of gurus have talked about going to Well Fargo and things like that.  I've always felt that would never happen because a lot of the local banks or regional banks...would never want to get involved in an emerging market currency that could be volatile.  We're hearing now that JP Morgan...is to have an office in Iraq.  They are going to be engaging in transactions at exchange rates.  [Post 1 of 2...stay tuned]

 

 

NOW, here's Marks continuation of Hopium and 

MarkZ   I am still hearing the rumor that we will see the new rate when they issue and publish the instructions for the budget…which has already been passed. They have done a great job of keeping this under wraps and secret.   Getting mixed reports as to whether this will be Saturday or Monday/Tuesday.  Personally I think this is going to be “IT”. Same old BS and false information..! 

 

 

[yendor]

MarkZ   ...........  Getting mixed reports as to whether this will be Saturday or Monday/Tuesday.  Personally I think this is going to be “IT”.

 

 

"IT" for the 378th time...............

[screwball]

9 hours ago, ronscarpa said:

Frank26  It is extremely impressive to see the relationship between Kuwait and Iraq.  That was an impossibility just a few months ago.  That tells me Kuwait agrees with the monetary reform of Iraq's currency as long as it is not one penny above Kuwaits exchange rate.  This is exciting see what's happening with Kuwait.

And how does this Einstein come by this?