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Monday Early Morning Opinions @ 8:55 AM MDT - 12/03/2023


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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 



 Frank26   Question: 'Is it December for Iraq or for international as well?' [Frank's current timeline for the RI is before 2024]  Both, because the citizens will be receiving their purchasing power and the currency will then start to go outside the border in international trade and start to climb in value.


Pimpy  Article: "Central Bank reveals two agreements during joint Iraqi delegation talks in Turkey This agreement with Turkey allows... merchants to purchase goods from each other's country using their own currency.  If I'm a merchant in Iraq and I want to buy goods from over there in Turkey to sell in my store I can purchase those goods using Iraqi dinars and vice versa.  If I'm a merchant in Turkey and I want to buy some goods that I can sell in my store over here in Turkey I can use the Euro or the Lera and then the banks will settle the issue with the two currencies.  That's why they [the banks] do currency swaps.  These are pretty big hurdles Iraq has managed to get over.  Let's hope they continue down this path and nothing bad happens...:twothumbs:


Mnt Goat   ...The rate is NOT going to start at 1/6 of a penny and climb from there when it does get reinstated. The rate has to reflect the TRUE rate of the value of the assets Iraq now holds. Not the value of an intentional, sanctioned, suppressed currency. Why would they even bother to do all this work for the banking, financial and currency reforms if they were just going to leave the rate at 1/6 of a penny? :twothumbs:




Edited by ronscarpa
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