Monday Afternoon Opinions - 3:15 PM CDT - 5/20/2024

[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: "The Central Bank begins the second phase of its banking reform strategy" Quote: "what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably"

 

Sandy Ingram  Several members of the UN Security Council including Russia and china backed Baghdad's request for the world body's political mission in Iraq to shut down by next year. Washington did not immediately offer its support.

 

Pimpy Article: "Floating the Iraqi dinar. A solution to fill a 'gap' whose volatile price against the dollar" If the Iraq dinar floats and for whatever reason a lot of people start investing into the currency and it drives the exchange rate up, if it gets anywhere near $0.25 and higher for me, I'm out of there! Seriously, I will sell my currency. The cool thing about this is there's no talk about a redenomination. So are they actually going to float this currency with the zeros on there and take the risk that sucker is going to jump up really high in the exchange rate? Keep an eye on that sucker, watch the exchange rate, if it gets anywhere near where you want to sell it, then jump all over it.  I wouldn't procrastinate or gamble with it.

 

 

[fioranosportscars]

https://oilprice.com/Latest-Energy-News/World-News/Iraq-China-Sign-Deal-for-New-Gas-Field-Development.html

[edbeach]

Well China is sure picking up a lot of contracts for oil & Gas from Iraq. The whole country is on fire now for new business. I can not think this is going to hold out much longer before the lid is going to blow in Iraq with a hugh economy coming shortly. You have countries all over the world buying into Iraq. What is really holding this RV/RI from happening now?

[screwball]

3 hours ago, edbeach said:

Well China is sure picking up a lot of contracts for oil & Gas from Iraq. The whole country is on fire now for new business. I can not think this is going to hold out much longer before the lid is going to blow in Iraq with a hugh economy coming shortly. You have countries all over the world buying into Iraq. What is really holding this RV/RI from happening now?

reset?