Friday Late Night Opinions @ 11:55 PM CDT - 3/08/2024

[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 

 

 

Frank26  [Indiana Chase Bank Story]  A nice guy sat down with us asked us questions about opening accounts...In the process of that being done...He asked me a simple question how much are you planning on putting in here?  I told him it was going to be a sizable amount.  He said, give me a figure.  I said 7 figures at least... He looks at me and says, dinar?  ...I said absolutely.  He said he had a meeting yesterday...It wasn't long after that a nice looking young man...shook my hand and said Hi, my name is so and so and I'm with JP Morgan. FRANK:  Oh my word, you're the 5th one that's told me this.  It seems like they're bringing in JP Morgan representatives inside of Chase Banks.  That what I'm noticing.  BANK STORY MAN: This guy from JP Morgan he says...we've been waiting for this a long time haven't we... FRANK:  This is exciting what's going on...I often wonder if Frank makes up these stories.

 

Pimpy  People are pissed at me because I'm telling them of the possibility they should at least be aware of...What I'm talking to people about are the possibilities in the directions the IQD can go.  I'm not saying it's one way or the other.  I'm just saying these are the possibilities...These are just possibilities, we don't know.  We can wake up tomorrow and the exchange rate is now $3.22...they have not...redenominated [LOP]. Then everybody is happy...

 

Militia Man  Article: "We will soon announce Iraq accession to the World Trade Organization" They haven't quite said it yet but they're saying it. Isn't that telling?

 

Sandy Ingram  On Monday of this week the president of Iraq Adbul Latif Jamal Rashid, met with the special representative of the Secretary General of the United Nations in Iraq, Jeanine Hennis-Plasschaert. In that meeting the President of Iraq...stated Iraq is keen to work with international organizations to confront challenges in the field of environment, climate, health, and education in a way that ensures a decent living for Iraqis.  It is our hope as investors that a 'decent living' means an increase in the value of the currency.

 

Clare  Article: "Iraq completes requirements to join WTO” ALL REQUIREMENTS HAVE BEEN MET FOR THE WTO ACCESSION... IT CAN HAPPEN ANY TIME, DON'T LET THEM FOOL YOU.

 

Pimpy  If you want to see an increase in the value of the Iraq dinar then there are things that need to happen in Iraq in order for the dinar to increase in value.  One of them is they have to have a stable and robust economy. Then there are things Iraq need to do that continues to support, stabilize and strengthen the Iraqi dinar. One of those big steps is joining the World Trade Organization...

 

Frank26  A lot of you are asking me, 'Do you think they'll do this new exchange rate during Ramadan?' I would prefer before or after Ramadan, not during.  Ramadan is a holy time. You don't go around celebrating that you go purchasing power. No. You go around worshiping and honoring God.

 

Paulette  Question: "When is Iraq supposed to be in the WTO?" Not before they pass needed legislation, eliminate the MCP [Multiple Currency Practices] and are recognized as having accepted IMF Article 8 obligations. Accession Committee next meeting with Iraq is planned for the "middle of the year".

 

 

[Luigi1]

Sandy Ingram  On Monday of this week the president of Iraq Adbul Latif Jamal Rashid, met with the special representative of the Secretary General of the United Nations in Iraq, Jeanine Hennis-Plasschaert. In that meeting the President of Iraq...stated Iraq is keen to work with international organizations to confront challenges in the field of environment, climate, health, and education in a way that ensures a decent living for Iraqis.  It is our hope as investors that a 'decent living' means an increase in the value of the currency.

 

 

This article is huge...

The UN gives Iraq a nod of approval.

Iraq is on the right track & so is this blessing.   GO RV.