Friday Night Opinions @ 10:00 PM CDT - 12/01/2023

[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 

 

 

Militia Man   Do your own research.  Get professional advice.  I don't care if it's legal, tax, anything, everybody should get their own professionals. I'm not one.  Nor is my crew.  We just help read the news...Right-On, Militia Man..!

 

Clare  Article: "Strengthening the balance of Iraqi banks in foreign currency supports the private sector and the local market" Quote: “The increase in the currency exchange rate by accredited banks provides another safe path to meet the local market’s needs for foreign currency.”

 

Kaperoni   Those who are wondering about the dinar market rate in Iraq. It is currently about 18% over the official CBI rate. Not acceptable. Until Iraq is in compliance they will not be able to accept IMF article VIII...The problem in Iraq right now is the spread which is completely out of whack from IMF guidelines...

 

The 18% spread, and it's being unacceptable is obvious, BUT, an exception can always be made to the 2% rule should the IMF decide it's in their best interest. With all the Chaos in the world, and the worldwide benefit  should Iraq increase the value  of the IQD, an exception can be made - especially since Iraq is considering joining BRICS. Kap is too fixated on rules, even considering these unique times. that's JMHO - RON 

 

 

Edited December 2, 2023 by ronscarpa

[BETTYBOOP]

I read an article recently where it states the 2% rule is PREFERRED but not essential

[cjdavid]

2 hours ago, BETTYBOOP said:

I read an article recently where it states the 2% rule is PREFERRED but not essential

I should know more than I do about this stuff. I have spoken to @Ronscarpa and he recommended I put things into a trust. Which we have one, just need to open an account in it I am guessing.