Friday Later Morning Opinions - 11:11 AM CDT - 2/02/2024

[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 

 

 

Pimpy   Auctions...are not about dumping the dollar. Currency auctions are held for a reason...They take the US dollar and sell them to banks and exchange for foreign currency. That's how they're able to build up their foreign currency reserves to...$115 billion. Not only that but it helps stabilize the Iraqi dinar exchange rate against other foreign currencies...This isn't about proof they're dumping the dollar...This is not about de-dollarization.

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: In summary [Firefly's] bank friend is telling him the parallel market is very soon to be nonexistent. FRANK: If the parallel market is gone then that means we don't have a program rate. 

 

 

[NWGUY]

Frank26  [Iraq boots-on-the-ground report] FIREFLY: In summary [Firefly's] bank friend is telling him the parallel market is very soon to be nonexistent. FRANK: If the parallel market is gone then that means we don't have a program rate. 

 

While I would like the parallel market to disappear, I think they will have to revalue to make it happen.  At least that is my opinion.