Tuesday Morning Opinions @ 9:35 AM MDT - 11/28/2023

[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 

 

 

Militia Man  The transition away from the dollar is underway.  Now there's room for a new exchange rate to come because they're going to finally [pass] this Oil and Gas Law at some point, the distribution of allocations for the 2023 budget, investment projects are all going to need the same thing...I think it's going to be the exchange rate, the newest one, the Article VIII compliant one.  They're focusing in on this...

 

 

Pimpy   Article: "An Iraqi delegation will go to Turkey tomorrow to discuss the possibility of opening correspondent accounts for Iraqi banks"  They are going there to iron out what they need to do for this currency swap...this is a continuation of what we've been talking about for a couple weeks now.  Turkey is one of the countries Iraq will be holding their currency and Turkey will be holding Iraqi dinar.  The currency swap.  This is good.

 

 

Tishwash   Article: "The dinar will recover.. Iraq is approaching an “imminent end” to the dollar crisis before the end of 2023"  Quote:  "We expect that the new year will witness a significant decline in dollar prices with the rise in the value of the Iraqi dinar, especially with the presence of government decisions and directives to address all the causes of the dollar crisis, and we expect that economic and financial stability will be strongly present at the beginning of next year."

 

 

[Luigi1]

2 hours ago, ronscarpa said:

Tishwash   Article: "The dinar will recover.. Iraq is approaching an “imminent end” to the dollar crisis before the end of 2023"  Quote:  "We expect that the new year will witness a significant decline in dollar prices with the rise in the value of the Iraqi dinar, especially with the presence of government decisions and directives to address all the causes of the dollar crisis, and we expect that economic and financial stability will be strongly present at the beginning of next year."

 

Agree Tish...

All eyes are on early 2024.

[BETTYBOOP]

I think we could see a rate before we see the HCL passed

[BETTYBOOP]

ADDED LATE THIS AFTERNOON.

 

11-28-2023   Newshound Guru Pimpy  I've heard people talk negatively about the Iraqi dinar several times...What you find out is a lot of these professionals, their reason for why the Iraq dinar will never revalue are not real reasons.  Those are reasons why Iraqi dinar has not revalued YET.  I've never heard a so-called professional come out and give a 100% reason why it's never ever going to happen...

11-28-2023   Newshound Guru Militia Man  Article:  "Electronic Payment raises the value of the dinar"  Quote:  "electronic payments will in all circumstances restrict all local cash payments and currencies other than the dinar."  The 'other than the dinar' part is really cool because all dollars and everything inside the country internally are not going to be used.  You're going to have to use the dinar, not the dollar...yen or anything else...

11-28-2023   Intel Guru Frank26   [Iraq boots-on-the-ground report]    FIREFLY: TV saying CBI has come a long ways in battling the dollar and the battle is about to come to end.  FRANK: Yeah, darn right!  The theme, mantra, ambrosia in the taste of Iraq's monetary reform is repeating the same thing over and over, It's about to come to an end.  What?  The dollar.  Which means our currency is going to blossom. 

[BETTYBOOP]

Pimpy is actually right.... if you go listen to all these "professionals" they don't actually give solid reason for this not to happen.