Tuesday Afternoon Opinions @ 5:50 PM MDT -2/20/2024

[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 

 

 

Sandy Ingram  The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar. Until this changes we have to find other ways to pull our profit out of Iraq. We can do this. I found one way and will discuss it in a an upcoming [post]...

 

Pimpy  Community Comment: "Once the 3 zeros are deleted, establishing IQD's REER, then the rate will go up in increments." That's not what you want. You do not want them to delete the zeros before the rate goes up. If they delete the three zeros off your currency then your 25,000 dinar becomes a 25 dinar and then they raise the rate? That's not going to help you. We'll see what happens.

 

Jeff  Article: "Al-Sudani reveals the intention to end the political role of the United Nations mission in Iraq" Do you notice how they're talking about removing the remaining US coalition forces and the United Nations together at the same time? That's because Iraq's going international. The UN has chapter VII sanctions on Iraq and the US has OFAC sanctions on Iraq...Both parties need to remove their sanctions off of Iraq... They're discussing doing both steps simultaneously at the same time. Not coincidence.  It's because Iraq's preparing to revalue and go international.

 

Militia Man  Article: "Government advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally"   Is this the major announcement or a lead into one, that Salih told us about? If it isn't an announcement it surely is a good lead into one...Awesome news indeed.. International ships arriving, partnering with the private sector, integration with the global economy, compliance with with international standards. Surely we can all see the writing on the wall.. Yep.. Powerful.. imo

 

Clare  Article: "The Baghdad dollar faces a “major withdrawal” at the beginning of the week, but the exchange rate is stable" 

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: TV says the Baghdad dollar will see a huge drop beginning of week, however the exchange rate is stable? We don't know what it means. FRANK: What is a Baghdad dollar?  It's the United States Dollar in Baghdad....That's the drop of the US dollar in the parallel market...Which means they'll try to get to 1 to 1...I'm not telling next we're going to have our blessing.  I'm telling that next week they're going to do what they're saying.

 

 

[ronscarpa]

Added @ 6:55 PM MDT:

 

 

Frank26  Question Will the IQD gradually increase?"  In the float when it's in the international basket,  yes. That's when you want to pay close attention. The problem is we don't know how much time we have to exchange the Iraqi dinar. You may not even be able to participate in it.  But I think we will. Most revaluations and reinstatements of currency worldwide  historically give you at least 6 months to a year.   

 

[rvmydinar]

10 hours ago, ronscarpa said:

Frank26  Question Will the IQD gradually increase?"  

noone knows butjust and

[NWGUY]

Sandy Ingram  The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar. Until this changes we have to find other ways to pull our profit out of Iraq. We can do this. I found one way and will discuss it in a an upcoming [post]...

 

 

This is totally inaccurate.   When we want to exchange our dinar, we will be able to go to whichever bank we choose.  Where do these people come up with this stuff?