Friday Morning Opinions - 11:33 AM MDT - 3/15/2024

[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   We still do not know the timing, but I am going to reiterate that the weekend before last they formed a committee to help inform businesses and citizens how to deal with the changing rate and changing prices that is going to occur. This is huge.

 

Frank26  There was an announcement made by the Prime Minister Sudani...He told the Iraqi citizens, I'm going to add value to your currency. He used a solemn oath that swears upon Allah, their God. You don't go around breaking that promise.  It was exciting to realize the Prime Minister told the people, I assure you, I give you a solemn holy oath were going to add value to the currency...Sudani told the citizens we're going to raise it to $1.32...He explained if we lift the 3-zeros from the exchange rate we'll be able to give you $1.32 in country. That's good purchasing power.

 

Clare  Article: "After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar" Quote: "...Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market." 

 

Mnt Goat   There are many who want to force the reinstatement which is like me telling you that on March 19th (first day of Spring) suddenly overnight everything will change and wamoo, we will have spring. But we all know it doesn’t work this way and so we must make this logical analogy / comparison to our investment the RV. Just like mother nature has a plan for Spring, the CBI too has a plan and it takes time to execute it. 

 

 

[BETTYBOOP]

Has anybody seen or heard any evidence that sudani actually said this that frankie claims or that the committee Marky speaks about was actually real? If so great  but I don't recall any reports of either

Edited March 15 by BETTYBOOP

[Fimum]

Uh...

[NWGUY]

I think it is the old if you tell the story enough, it becomes true.  It seems like all our favorite guru's have been using the same story about a $1.32 rate, that now it sounds believable.    Forever, it was $1.16, and now we are up to $1.32.  Must be inflation!   

[Longtimelurker]

I've seen 1 USD = 1.32 IQD twice this week in articles however neither were Sudani saying it.

 

Here is the paragraph that I copied

 

The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity. 

[BETTYBOOP]

@Longtimelurker... no I didn't think it had been said by him. Just like I don't believe the committee mark z is talking about exists either.  Has anybody seen any definitive reports of education to the citizens? None that I am aware off

[Longtimelurker]

33 minutes ago, BETTYBOOP said:

@Longtimelurker... no I didn't think it had been said by him. Just like I don't believe the committee mark z is talking about exists either.  Has anybody seen any definitive reports of education to the citizens? None that I am aware off

We're on the same page. Markz is my least favorite. I wouldn't mind if his posts were no longer posted here lol