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Saturday Morning Opinions @ 11:20 AM MDT - 12/02/2023


ronscarpa
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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 ... :twothumbs: RON 

 

 

Clare  Article: "Parliamentarian: Al-Halbousi’s imprisonment for one year is within reach"  Quote:  "Iraqi Parliament member Basem Khashan expected, on Friday, that the deposed Speaker of the House of Representatives, Muhammad al-Halbousi, would be imprisoned for a period of no less than one year, after the “Taqaddum” Party, which he heads, paid a sum of money to the American company BGR without obtaining legal approval."

 

Frank26  Question: Article VIII, WTO do these matter Yes without a doubt.  WTO you notice they have not been ascended into it.  Doesn't matter.  Whenever they do it they'll do it but what's really important is in order to join the WTO you have to be Article VIII...All they have to do is raise the value of their currency, that's it. 

 

Pimpy  When we talk about stability this is not what you want to see.  Article:  "10 Killed, 14 injured in Iraq roadside Bomb Attack"  If you're going after politicians that's not a stable country...Essentially you're talking about assassinations...these are types of things we hope Iraq can get away from.  Not the kind of news we want to hear.

 

Mnt Goat  Article:The Prime Minister’s philosophy confirms that economic reform cannot be achieved without reforming the banking system, and therefore the priority begins with reforming the financial system.”  ...more proof that Iraqi’s economy does not need to grow any more at this time in order to get to the value of the dinar to what we need for a fair and honest rate reflected...the “priority” begins with reforming the financial system and currency reform is a large part of the financial system.  ...Iraq will never be able to raise enough the money alone to rebuild Iraq and its economy unless they first complete the needed banking and financial reforms needed to attract investors...

 

 

Frank26  Question: 'Do you think the rate might come out more than 1 to 1 or higher?'  It is possible they might be looking at $1.18...1 to 1 is a good start no doubt but it's been 20 years and I think $1.18 is fair enough to start the float at against the dollar.  The goal is to go past the dollar.

 

:tiphat:

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Pimpy  When we talk about stability this is not what you want to see.  Article:  "10 Killed, 14 injured in Iraq roadside Bomb Attack"  If you're going after politicians that's not a stable country...Essentially you're talking about assassinations...these are types of things we hope Iraq can get away from.  Not the kind of news we want to hear.
 
 
 
This is very disturbing after all the good news coming out of Iraq in the last month.
Outside investors may have second thoughts about coming in to invest in Iraq at this time.   IMHO.
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