Sunday Late Night Opinions @ 11:25 PM CDT - 2/04/2024

[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   Where do you exchange your currency? It's going to be at your local [bank] branch. There are no redemption centers. Some places won't charge you fees depending on how much. Some of them have a flat rate.

 

Frank26  How many times have we heard words electronic payment platform? ...We keep hearing it constantly because that's the phase that the monetary reform is at right now.  It is preparing the vehicle where the dinar will get into it and drive out of the country domestically into an international market that will increase the value of the Iraqi dinar based on supply and demand...

Sandy Ingram  These are some of the major factors holding up the Iraqi dinar revalue...There's a lot at stake. First: Iraq relies on its oil export for revenue...If oil prices were to decrease suddenly, it could cause a  drain on Iraq's foreign exchange reserves as they try to stabilize their currency's value Second: Iraq's political stability and security issues... Uncertainties make it challenging for investors to trust...making them hesitant to buy the dinar. Thirdly: A sudden and significant increase in their currency's value could adversely affect their exports and trade balances. It could also lead to inflation...Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation. [Post 1 of 2]

Sandy Ingram   Furthermore...Neighboring countries may retaliate by imposing tariffs or restrictions in response to Iraq's higher value in currency...A sudden revaluation potentially could destabilize other currencies...Iraq could have a domino effect on the economies and currency values of countries like the U.S., China and Russia because these countries hold significant amounts of dinar in their reserves...The central bank of Iraq is under tremendous pressure to fit in when it comes to the revaluation of its currency. [Post 2 of 2]

 

Clare  Article: "A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition" Quote:  "...The financial advisor to the Prime Minister, Mazhar Muhammad Salih, detailed indicators of the efficiency of foreign reserves, while confirming that they indicate that Iraq today is better off in its financial history" 

 

Pimpy  What they're trying to do is a study of the deletion of the zeros. They're trying to figure out how this is going to affect Iraq, to make sure they are in a position to go ahead and remove the zeros off the Iraqi dinar - currency, not the exchange rate. Because once they make that decision...the citizens are going to be a little confused, there's going to be a slight interruption to the economy and to businesses who have to change all their bookkeeping as well as prices throughout Iraq...You need to educate the Iraqi people about what's going on...

 

 

[BETTYBOOP]

Somebody needs to send Pimpy  that document about the plan for Iraq!

[MommaMia]

Hey Pimpy you need to get your act together.

 

Adam will inform us the best places and rates of and when the IDQ does its thing!
 

 

 

[NWGUY]

Frank26  How many times have we heard words electronic payment platform? ...We keep hearing it constantly because that's the phase that the monetary reform is at right now.  It is preparing the vehicle where the dinar will get into it and drive out of the country domestically into an international market that will increase the value of the Iraqi dinar based on supply and demand...

 

Whoaaaa there Frankie....You have always been on board with a Reinstatement or some large number, and now you are on the float!   Where is Frank, and what have to done to him???