ronscarpa Posted February 29 Report Share Posted February 29 (edited) 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 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. Edited February 29 by ronscarpa 1 2 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted February 29 Report Share Posted February 29 I am excited! Now what? Oh yeah, we need an RV. Then that dumb old parallel rate will disappear. There will only be a exchange rate! Now that is simple! 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted February 29 Report Share Posted February 29 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. 1 Quote Link to comment Share on other sites More sharing options...
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