Wednesday Afternoon Opinions - 5:50 PM CDT - 1/31/2024

[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 

 

 

Paulette   The issue I still see is in order to peg to a basket of currencies, they would "officially" have to depeg from the USD.  While I have yet to see the US relinquish their receivership status over Iraq and the fact that the US is desperate to try to keep the USD propped up, I am unsure the actual mechanism of how they will be allowed to depeg and then repeg.  It seems like receivership would need lifted first for that kind of move.

 

Pimpy  As long as they keep moving forward like they’re doing there’s no reason for it not to, IMO, go up in increments…

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani is not playing games with anybody. It looks like he's working hand in hand with the US Treasury...Television now shows Rafidain Bank doing investigations on smuggling of the dollar...There's no end to the amount of corruption... FRANK: Your corruption is amplified by Iran...that's why you have not had the new exchange rate or lower denoms...but it is really being curtailed...controlled...Pay attention to the leadership in your country removing the corruption...

 

Clare  Article: "Romanowski regarding the US Treasury’s visit to Iraq: enhancing cooperation between the two countries” Quote: “The United States and Iraq share the goal of supporting a sound and strong financial system in Iraq, which will attract investment and ultimately benefit the Iraqi people." She added: "I am pleased with the visit of US Treasury Undersecretary Ryan Nelson to Iraq, stressing that this visit has strengthened this important cooperation."

 

Samson  Article: "The chief US sanctions official is in Baghdad to curb dollar smuggling to Iran"

 

 

[NWGUY]

I really think that the Iraqi's will stay pegged with the US dollar.  I think it will be financially the best, but we will see. 

[Luigi1]

Pimpy  As long as they keep moving forward like they’re doing there’s no reason for it not to, IMO, go up in increments…

 

 

Agree, Pimpy.   

There is no reason why CBI can raise the ER in increments...even small increments are better than nothing at all.  Go RV.

[Luigi1]

1 minute ago, NWGUY said:

I really think that the Iraqi's will stay pegged with the US dollar.  I think it will be financially the best, but we will see. 

 

Iraq will stay with the USD.

IQD ER will be based on a basket of currencies, including the USD.

[Luigi1]

8 minutes ago, NWGUY said:

I really think that the Iraqi's will stay pegged with the US dollar.  I think it will be financially the best, but we will see. 

 

 

It looks like we got a brand new Guru in town & he has the answer to your question...

Heeeeerrree's your answer....

 

DE-PEG....DE-PEG !

[NWGUY]

2 minutes ago, Luigi1 said:

 

 

It looks like we got a brand new Guru in town & he has the answer to your question...

Heeeeerrree's your answer....

 

DE-PEG....DE-PEG !

 

 

I think I recognize that guy....Okie's cousin...ZEE PLANE...ZEE PLANE!!!