Tuesday Midnight Opinions @ CDT - 3/19/2024

[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 

 

 

Jeff  Iraq technically does not need to amend the budget if they're not changing their rate. The budget already covers their operating expenses. But they would need surplus funds to cover the reforms. The reforms are contingent upon the rate changing. They can't bring these reform package forward if the rate does not change. The only reason they're amending the budget is because the rate is changing ...The step of amending the budget can happen either before or after the rate changes ... They will probably announce Thursday or Friday as to when they plan to amend the budget, which they'll probably do around this weekend...

 

Militia Man  If Al-Sudani says, the dinar hold on to it, it's going too be stronger than the dollar...$0.76 is not stronger than the dollar.  Add the real effective exchange rate and you can easily get over a dollar...

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Bank friend says...Al-Sudani is making an announcement during Ramadan remember?  He'll go to Washington DC but after he comes back I believe that this rate [1.32 dinar to $1.00} with the deletion of the zeros will coincide with the WTO.  We are basically in a countdown. FRANK: ...The final countdown. Let's roll!  I think when they finish with Washington DC and they come back, we may see what we're looking for. [Post 1 of 2]

Frank26   Continued: I am crazy excited your prime minister Al-Sudani and the governor of the CBI Alaq and the board of directors are constantly telling you they're going to give you 1.32 dinars to $1 and a new exchange rate to match it with lower notes...It looks like the next two weeks will be very loud on the monetary reform education. Be ready to move quick. [Post 2 of 2]

 

yada  Be of good cheer folks, this is unfolding before our eyes...what we are are expecting is taking place...The articles last week regarding the 1.32 in Iraq was telling the people what to expect. The salaries, contracts, infrastructure are at a point the REER [Real Effective Exchange Rate] will activate it all...Today-tonight is very good for us.

 

Pimpy  Deleting of the zeros means a re-denomination. Article quote: "The Iraqi government is currently weighing the question of changing the currency..." CHANGING THE CURRENCY. It didn't say exchange rate. What it says is currency... Definition "Re-denomination is a government policy in simplifying currency values without changing the exchange rate." ...If we can get them to change the exchange rate without removing the zeros then we're sitting pretty...
 

 

[HowieC]

 FRANK: ...The final countdown. Let's roll!  

 

 

 

[BETTYBOOP]

Jeff claimed in a video last month that iraq were definately rv ing this month and we all know he is always right.

[md11fr8dawg]

8 hours ago, ronscarpa said:

 I am crazy excited

Just remove the excited part!!

[Dretown39]

"It looks like the next two weeks will be very loud on the monetary reform education."

 

All this education..these folks should have Master Degrees by now🤦‍♂️

[NWGUY]

Pimpy  Deleting of the zeros means a re-denomination. Article quote: "The Iraqi government is currently weighing the question of changing the currency..." CHANGING THE CURRENCY. It didn't say exchange rate. What it says is currency... Definition "Re-denomination is a government policy in simplifying currency values without changing the exchange rate." ...If we can get them to change the exchange rate without removing the zeros then we're sitting pretty...

 

 

 

Anybody see Pimpy the Lop Monster around...oh yeah....there he is!   Really don't understand why he has not folded up shop!   If this is true, it really isn't worth the time and frustration to be involved with this investment.  

[Society]

21 hours ago, NWGUY said:

Pimpy  Deleting of the zeros means a re-denomination. Article quote: "The Iraqi government is currently weighing the question of changing the currency..." CHANGING THE CURRENCY. It didn't say exchange rate. What it says is currency... Definition "Re-denomination is a government policy in simplifying currency values without changing the exchange rate." ...If we can get them to change the exchange rate without removing the zeros then we're sitting pretty...

 

 

 

Anybody see Pimpy the Lop Monster around...oh yeah....there he is!   Really don't understand why he has not folded up shop!   If this is true, it really isn't worth the time and frustration to be involved with this investment.  

While a LOP remains a possibility, it is not a probability based on what the CBI has said over the years.......the "Delete the Zeros" is a project according to the CBI.  When implemented, both new and 3 zero series currencies will coexist in the Market up to two years and in the banks up to ten years according to the CBI.  They cannot coexist and have each treated at different rates or Iraq will not be IMF Article 8 compliant.  For example, they cannot treat the new currency at a rate of 1.32 IQD to 1 USD and the 3 zero series currency at 1,320 IQD to 1 USD.  Not only would there be mass confusion in the market but this would be a MCP in violation of Article 8.  If they are not compliant, they cannot reinstate.  As long as the two currencies coexist as the CBI has stated, we are golden.

[Society]

Does anybody know where this "Pimpy" character posts????

[davis411]

16 minutes ago, Society said:

Does anybody know where this "Pimpy" character posts????

When pimpy pops up or posts on my butt 

i squeeze it to kill it

 

[screwball]

6 hours ago, Society said:

While a LOP remains a possibility, it is not a probability based on what the CBI has said over the years.......the "Delete the Zeros" is a project according to the CBI.  When implemented, both new and 3 zero series currencies will coexist in the Market up to two years and in the banks up to ten years according to the CBI.  They cannot coexist and have each treated at different rates or Iraq will not be IMF Article 8 compliant.  For example, they cannot treat the new currency at a rate of 1.32 IQD to 1 USD and the 3 zero series currency at 1,320 IQD to 1 USD.  Not only would there be mass confusion in the market but this would be a MCP in violation of Article 8.  If they are not compliant, they cannot reinstate.  As long as the two currencies coexist as the CBI has stated, we are golden.

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