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Wednesday Afternoon Opinions @ 5:22 PM MDT - 2/28/2024


ronscarpa
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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 ... :twothumbs: RON 

 

 

Pimpy  Question: "How is the development road project going to be funded at 1310?"  The development road  project is not the world's largest project.  It's not even in the top 20.  But it is a very expensive project...Pay close  attention... Article quote:"This year's budget is Iraq's largest at 198.9 trillion Iraqi dinars, about $153 billion based on the  exchange rate.  The 2024 and 2025 budgets will be the same unless the cabinet requests any changes and parliament approves them." This budget has already calculated...What did it say in the article?  'With the current exchange rate. And what is the current  exchange rate? 1310 dinars per dollar.

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani did a speech putting economic and banking reforms as a major priority. FRANK: I'm all for it! ...All of their efforts of their energy is directed to the success of the monetary reform first that will then bring success to the economic reform...This sequence cannot be reversed...Your day is coming.
 

 

Walkingstick  When you see the prices in the market of Iraq start to drop, get excited. They would be parallel to the exchange rate.
 

 

:tiphat:

Edited by ronscarpa
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Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani did a speech putting economic and banking reforms as a major priority. FRANK: I'm all for it! ...All of their efforts of their energy is directed to the success of the monetary reform first that will then bring success to the economic reform...This sequence cannot be reversed...Your day is coming.

 

Great post, Ron.  Bring on the economic reform as it will pave the way to the RV-RI.   Go RV.

 

 

 

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