Tuesday Mid-Morning Opinions @ 10:20 AM CDT - 5/07/2024

[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 

 

 

Yada ...this process moved beyond the needs of just Iraq, it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves.  And the non-revenue income that will decrease Iraq dependence on oil from 95% to about 55%.  Just one rate adjustment will have this impact. 

 

 

Edited May 7, 2024 by ronscarpa
spelling

[Luigi1]

Yada ...it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves.  And the non-revenue income that will decrease Iraq dependence on oil from 95% to about 55%.  Just one rate adjustment will have this impact. 

 

Agree Yada.

Iraq's time to bask in the sun is coming & we will all will benefit.   Go RV.

[BETTYBOOP]

According to the goats latest newsletter.... the education has started with the talk of the float. She has also said that the CBI is withdrawing from the sales window in June and it will be up to other banks to broker dollar sales. It is also her opinion that we will see no movement before mid year.