Tuesday Morning Opinions @ 9:50 AM MDT - 5/21/2024

[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 

 

 

Frank26  Article: "The Central Bank begins the second phase of its banking reform strategy" THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE, AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)

 

 

[Luigi1]

 

 

 

 

31 minutes ago, ronscarpa said:

Frank26  Article: "The Central Bank begins the second phase of its banking reform strategy" THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE, AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)

 

I don't know Frankie...I don't know.

CBI announced the USD auctions are back.

This will not play well with the UST.

It seems like Iraq makes progress then blows it again.    IMHO.

[Luigi1]

Here's the article to the above comment...

 

By 92%… An Increase In Sales Of Foreign Remittances At The Iraqi Central Auction.

ARTICLE:  External remittances at the CBI auction rose by 92% on Monday, at the expense of cash sales, to reach $254 million.

In its auction today, the CBI sold 273 million & 572 thousand & 542 Dollars, which it covered at a base exchange rate of 1,310 Dnars per Dollar for documentary credits & international settlements for electronic cards, at a price of 1,310 Dinars per Dollar for external transfers & at a price of 1,305 Dinars per Dollar in cash.

 

He added that most of the Dollar sales went to strengthen balances abroad in the form of transfers & credits, which amounted to 254 million 462 thousand & 524 Dollars, an increase of 92% over cash sales amounting to 19 million 110 thousand Dollars.

 

The number of banks that purchased cash Dollars reached 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 15 banks & the total number of exchange & brokerage companies participating in the auction was 36 companies.

[T B]

CBI Meeting with World Bank Vietnam in Trouble? Maybe

[Luigi1]

1 minute ago, T B said:

CBI Meeting with World Bank Vietnam in Trouble? Maybe

 

Yup.

Every time the Gurus get our hopes up, then they pull the rug out from under us.

Then they disappear for a couple of day to have a good laugh at our expenses.

[T B]

they called em jive turkeys in the 60,s🤣

[msan]

19 hours ago, ronscarpa said:

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 

 

 

Frank26  Article: "The Central Bank begins the second phase of its banking reform strategy" THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE, AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)

 

 

We want that stability 

TY for j to our info 

 

As we all know…… there is a lot going on

  They have to change their mind occasionally to keep us off scent until everything is in place to go at once 

keeping everyone in their lane 

and occupied so as not to be in the way

IMO

😉 

MSAN

[edbeach]

22 hours ago, Luigi1 said:

 

Yup.

Every time the Gurus get our hopes up, then they pull the rug out from under us.

Then they disappear for a couple of day to have a good laugh at our expenses.

Sorry Luigi1  These so called gurus do not get my hope up. They constantly lie & make up stories so they make more money by lieing. I have not believed anything they say now for years. Its nice when they disappear should be longer than couple days gone.

[screwball]

On 5/22/2024 at 1:54 AM, Luigi1 said:

CBI announced the USD auctions are back.

never stopped.....