Monday Evening Opinions @ 6:10 PM CDT - 3/11/2024

[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 

MarkZ  Article: “Iraq’s ruling coalition may call for early elections”  The Iranian lined up divisions seem to be afraid of Sudani.  But he has about a 78 percent approval rating from the people and has gotten a lot done. But this statement is what they fear the most right now: ”The Iraqi government is currently weighing the question to change the currency so that the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.”  Implementing such a decision is likely to significantly increase Al Sudani’s popularity. [post 1 of 2]

 

MarkZ  What does this mean? It means they don’t need the zeros anymore. This means that each Iraqi dinar would be worth .76 cents. This was right from Iraq’s own paper. And they are “currently weighing this question” I still very much believe we will see a higher rate than that …but let’s say each dinar is worth .76 cents. They may be coming in at .76 and letting it float. We don’t know for sure...I still believe it will be higher... But to see it openly discussed in their news is huge. [post 2 of 2]

 

 

This all sounds amazing. I hadn't seen the article, but ...Let's hope they pull the trigger.

[Dretown39]

1 hour ago, ronscarpa said:

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 

MarkZ  Article: “Iraq’s ruling coalition may call for early elections”  The Iranian lined up divisions seem to be afraid of Sudani.  But he has about a 78 percent approval rating from the people and has gotten a lot done. But this statement is what they fear the most right now: ”The Iraqi government is currently weighing the question to change the currency so that the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.”  Implementing such a decision is likely to significantly increase Al Sudani’s popularity. [post 1 of 2]

 

MarkZ  What does this mean? It means they don’t need the zeros anymore. This means that each Iraqi dinar would be worth .76 cents. This was right from Iraq’s own paper. And they are “currently weighing this question” I still very much believe we will see a higher rate than that …but let’s say each dinar is worth .76 cents. They may be coming in at .76 and letting it float. We don’t know for sure...I still believe it will be higher... But to see it openly discussed in their news is huge. [post 2 of 2]

 

 

This all sounds amazing. I hadn't seen the article, but ...Let's hope they pull the trigger.

Yeah a few people are posting about this..🙏

[screwball]

On 3/12/2024 at 10:13 AM, ronscarpa said:

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 

MarkZ  Article: “Iraq’s ruling coalition may call for early elections”  The Iranian lined up divisions seem to be afraid of Sudani.  But he has about a 78 percent approval rating from the people and has gotten a lot done. But this statement is what they fear the most right now: ”The Iraqi government is currently weighing the question to change the currency so that the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.”  Implementing such a decision is likely to significantly increase Al Sudani’s popularity. [post 1 of 2]

 

MarkZ  What does this mean? It means they don’t need the zeros anymore. This means that each Iraqi dinar would be worth .76 cents. This was right from Iraq’s own paper. And they are “currently weighing this question” I still very much believe we will see a higher rate than that …but let’s say each dinar is worth .76 cents. They may be coming in at .76 and letting it float. We don’t know for sure...I still believe it will be higher... But to see it openly discussed in their news is huge. [post 2 of 2]

 

 

This all sounds amazing. I hadn't seen the article, but ...Let's hope they pull the trigger.

💯🎯⏰💣🎉🙏

[NWGUY]

I would love it if they did anything with the rate.    I would think though, that whoever is in power would love to be the one to get the dinar revalued.   That would make the people of Iraq want to keep that person in power for as long as they can.  At least I would if I were them!  

[edbeach]

On 3/11/2024 at 7:13 PM, ronscarpa said:

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 

MarkZ  Article: “Iraq’s ruling coalition may call for early elections”  The Iranian lined up divisions seem to be afraid of Sudani.  But he has about a 78 percent approval rating from the people and has gotten a lot done. But this statement is what they fear the most right now: ”The Iraqi government is currently weighing the question to change the currency so that the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.”  Implementing such a decision is likely to significantly increase Al Sudani’s popularity. [post 1 of 2]

 

MarkZ  What does this mean? It means they don’t need the zeros anymore. This means that each Iraqi dinar would be worth .76 cents. This was right from Iraq’s own paper. And they are “currently weighing this question” I still very much believe we will see a higher rate than that …but let’s say each dinar is worth .76 cents. They may be coming in at .76 and letting it float. We don’t know for sure...I still believe it will be higher... But to see it openly discussed in their news is huge. [post 2 of 2]

 

 

This all sounds amazing. I hadn't seen the article, but ...Let's hope they pull the trigger.

Ron That would be great But they saying The Iraqi government is weighing the question to change the currency don;t forget the parliament would have to agree on this making an amentment and voting on this. Good luck on this happening anytime soon. The can't decide on a vote to gp to the bathroom let alone making a major change in the currency. Look how they are handling the oil & gas law vote.  Maybe within next twenty years could decide on a vote.