Tuesday Early Afternoon Opinions @ 3:15 PM CDT - 3/26/2024

[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 definitely have Iraqi representatives/Ministers inside the US right now. Some are in DC and there are a couple in New York - for UN reasons…which I think is interesting...I don’t expect Sudani to visit DC just yet.  I believe his ministers are taking care of it. I believe Sudani would want to be in his own country for the revaluation...To me things are shaping up just as I expected they would at the end...Very positive stuff happening right now.

 

Pimpy  People keep taking about the $3.22 rate. In their minds they keep thinking, 'Oh yeah, the $3.22 rate when Iraq had 25,000 notes.' No. That's not the case. That exchange rate is when they had lower denominations, not with these hyper inflated currency...We're all hoping the exchange rate will change without deletion of the zeros. That's what we want. We'll see how that plays out...

 

Militia Man  [Q? : How are they going to attract foreign investment?] They're going to open their borders with an International currency ... and they're going to rock and roll. The signs are everywhere. Al Sudani recently said he was going to make a change to the dinar to 1.32 dinars to the dollar, which is about $0.76.  But that doesn't include adjusting for the Real Effective Exchange Rate.

 

Frank26  You've got the prime minister of Iraq already having a discussion with President Trump. You got the prime minister of Iraq already having a discussion with former President Bush. It's interesting now we have the foreign minister in DC...he's talking with the United States Treasury...No one talks to anybody at the White House until April the 15th because...they're not going there to hand them the exchange rate they want to use, they're going there to activate it and tell them that's it...

 

 

[NWGUY]

Just want something positive to happen.  Lot's of this and that happening.  How about a little action Iraq!  

[rvmydinar]

16 hours ago, ronscarpa said:

Pimpy ..We're all hoping the exchange rate will change without deletion of the zeros. 

But but but....is that possible? For example, let's say, if the exchange rate will change without deletion of the zeros, then we won't be here and wait for it to RV in the last 20 years. we already run to the bank and cash out, don't we.