Wednesday Afternoon Opinions @ 4:45 AM MDT - 2/07/2024

[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 

 

 

Militia Man  We're in the process of watching it unfold...Everybody should be able to be excited because the news is collectively showing Iraq is moving to a private sector/market economy and there's partnerships with the public to be able to facilitate it.

 

Kaperoni   I remind people again Iraq's entire net worth including all minerals in the ground including oil is only worth about $16 trillion dollars at present. With over 40-100 trillion dinar in circulation Iraq could never RV the dinar! Only with the success and growth of Iraq's economy and private-sector can the dinar go up in value. It could go up gradually over time as Iraq's GDP increases.

 

Sandy Ingram  The CBI must carefully manage the timing of revaluation...[Iraq] has over $100 billion in foreign currency reserves. The IMF has continually said Iraq needs more income streams to offset the oil industry. The Development Road Project and several other manufacturing projects are all a part of increasing Iraq's income streams.

 

 

MarkZ  Article: “Central Bank of Iraq is facilitating transfers” ...this has to do with the electronic platforms...the claim that they made...by government officials that Iraq has the most modern system in the entire middle east. This is big...It means that government officials will not be able to embezzle etc…this system will be very transparent for the people. This is a key part before they usually revalue currencies. (Reposted)

 

 

[NWGUY]

I think Kap's numbers are off.  I am sure that Iraq has way more than 16 Trillion in assets, and I don't think that their up to 100 trillion dinars outstanding.   I personally feel that Iraq is in a good position to revalue, and not crush their economy.   Don't know where he gets his numbers, but I think he is on the lop program, which I don't think will happen.  We will see!  

[yendor]

Right on NWGUY. What Kraperoni is basically saying is that Iraq has had NO GROWTH or SUCCESS in their economy in the past two decades..... otherwise, according to him, the value of the Dinar would have gone up. so, until the time that "success" the Dinar will remain worthless.

 

C'mon. Krareroni, you're telling us that Kuwait has more success and prosperity than their neighbor Iraq? Thousand times more success? Sure!  And you probably think that our Southern Border is secure, too, huh?

[Dinarrock]

26 minutes ago, NWGUY said:

I think Kap's numbers are off.  I am sure that Iraq has way more than 16 Trillion in assets, and I don't think that they’re up to 100 trillion dinars outstanding.   I personally feel that Iraq is in a good position to revalue, and not crush their economy.   Don't know where he gets his numbers, but I think he is on the lop program, which I don't think will happen.  We will see!  

Kraperoni is clueless period the worst of the worst gurus, still do not why he continues to post!!!. No there is not that many dinar in circulation, and Iraq ONLY has to actually cover what is in circulation inside of Iraq when they revalue not anything outside of Iraq!!! Lastly, Iraq’s total net worth with all their oil sure could very well be 16+ trillion dollars that is US dollar value. Now the Iraqi dinar inside of Iraq even if they had say 20 trillion Dinar still circulating the total dollar value amount of that is only around 20 BILLION US Dollars!! So YES 20 billion value of dinar and Iraq has north of 16 Trillion in assets also again in US Dollars shows you they can easily afford to RV at $3+ dollars!! 

[Sage449]

"Sandy Ingram  The CBI must carefully manage the timing of revaluation...[Iraq] has over $100 billion in foreign currency reserves. The IMF has continually said Iraq needs more income streams to offset the oil industry. The Development Road Project and several other manufacturing projects are all a part of increasing Iraq's income streams."

Honest to God, been long enough, "carefully manage" they've had 20 years - you know what or get off the pot. 

[coorslite21]

Kind of tired of hearing the garbage that Iraq must diversify its income streams before any possible revaluation.....

 

Russia....92% reliant on oil revenue....with very little debt...

 

Saudi Arabia was all oil and are just now expanding into other areas because of depleted in ground oil reserves....They have a 27 cent valuation to the USD...

 

Give me 27 cents......all day!

CL

[yendor]

1 hour ago, coorslite21 said:

Kind of tired of hearing the garbage that Iraq must diversify its income streams before any possible revaluation.....

 

Russia....92% reliant on oil revenue....with very little debt...

 

Saudi Arabia was all oil and are just now expanding into other areas because of depleted in ground oil reserves....They have a 27 cent valuation to the USD...

 

Give me 27 cents......all day!

CL

 

Kraperoni keeps saying the same garbage every post but  never explains  why the IQD has CONTINUED its low value for all these years and never an increase despite its worth in oil, gold and natural resources..... far more than its neighboring countries that have a currency that is hundreds if not thousands times the value of the IQD.  And yes, Coorslite21,  will jump at ANY increase above $0.10 as well. Just Git R' Done !