Tuesday Lunchtime Opinions @ 12:34 PM MDT - 8/29/2023

[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 

 

 

Randy  Question:  "Many countries have a horrible exchange rate and business still work with them and then exchange. So why would this be any different for Iraq?"  When I traveled to say Brazil and got more than 3 Reais at the border crossing for $1, and traveled more, boy I felt American strength.  Trade is likewise.  When I traveled to England, though this was years ago, I shelled out, $2.40/British Pound Sterling.  It spent like dollars, not going as far as the cost of exchange. Couldn't feel strong until I got home to some more cheap a$$ dollars.  Trade is likewise.  All this points to Iraq needing to be close to a dollar, to get any global respect.
 

 

[Luigi1]

Randy  Question:  "Many countries have a horrible exchange rate and business still work with them and then exchange. So why would this be any different for Iraq?"  When I traveled to say Brazil and got more than 3 Reais at the border crossing for $1, and traveled more, boy I felt American strength. 

 

 

Look no further than South Korea.

One of the most successful trading nations on earth.

Their ER to the USD is par with the IQD.

[Linda Bower]

South Korea exports way more than they import so a low exchange rate is to their benefit.  Not so with Iraq.