Monday Night Opinions @ 10:00 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 

 

 

Clare  Article: "Advisor to the Prime Minister: The stability of the exchange rate gives relative stability to gold prices" Quote: "The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the relative stability of gold prices in Iraq due to the value of the dinar... What determines gold prices today are the international gold exchanges, noting that the stability of the official Iraqi dinar exchange rate to the dollar gives relative stability to gold prices.”

 

Nader From The Mid East  Article Quote: "The Iraqi government and the Central Bank are dissatisfied with the nature of the US treasury's dealings with Iraqi banks...There is an effort to lift the sanctions..." They need to take off the sanctions on Iraq IQD.

 

 

MarkZ  Question: Are they going to knock it out this week? They need to knock it out this week…. A lot of people are expecting it this week in the banking world…we will see what happens...They may need to, but it's not likely for several reasons..!  

 

 

Sandy Ingram  IMF's report on Iraq's economy. This is a critical report dealing with Iraq's...financial future...Iraq could easily be on the path to a higher exchange rate depending on how the country responds to the IMF recommendations...Iraq's non-oil economy is expected to continue to its growth in 2024 after expanding by 6% in 2023. The IMF also reported Iraq's economy is projected to rebound in 2024...Iraq needs more sustainable non-oil growth according to...the IMF mission.

 

 

[Stumpy]

Thanks Ron!!

[NWGUY]

Iraq is building up their gold reserves, so that is a great thing.  That, plus the oil reserves, is a very strong backing for a nice revaluation.  

[screwball]

9 hours ago, NWGUY said:

Iraq is building up their gold reserves, so that is a great thing.  That, plus the oil reserves, is a very strong backing for a nice revaluation.  

Yep…they know gold and asset backed is coming and they are in the box seat for 3.22 plus