Tuesday Lunchtime Opinions @ 12:20 PM CDT - 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 

 

 

Guru Clare  Article: "The Iraqi Parliament receives the 2024 budget schedules" See the full article @ The Iraqi Parliament receives the 2024 budget schedules - 5/21/2024 

 

Militia Man  Article: "The Central Bank begins the second phase of its banking reform strategy" They've completed the first phase of reforms and now into the second phase. Quote: 'It will inevitably bring stability and the recovery of the dinar.' This is amazing. There's some things happening that obviously are beyond our pay grade that are almost available and ready to go. This article "...inevitably the exchange rate will be in recovery.'' To me that means they're going to go back to that 'previous era'. That would be a recovery. Going from 1460 to 1310 or from 1310 to 1182, that's not 'recovery'. Second phase is that we're at that juncture.
 

 

[Luigi1]

Guru Clare  Article: "The Iraqi Parliament receives the 2024 budget schedules" See the full article @ The Iraqi Parliament receives the 2024 budget schedules - 5/21/2024 

 

 

Receives the Budget means it's before Parliament (arrives) awaiting the vote then read in Gazette to make it official.

 

Remember...there is not enough money in the Budget to cover the RV.

Don't look for the RV just yet.

The Budget will pave the way to the RV.    IMHO.

[ronscarpa]

1 minute ago, Luigi1 said:

Receives the Budget means it's before Parliament (arrives) awaiting the vote then read in Gazette to make it official. Remember...there is not enough money in the Budget to cover the RV. Don't look for the RV just yet. The Budget will pave the way to the RV.  IMHO.

 

I totally agree Luigi - well stated...!RON

[ronscarpa]

Added @ 13:13 PM CDT:

 

 

Pimpy  There's a lot of interesting news but one in particular just got my attention. The conversation about floating the Iraqi dinar. If ever you wanted something to happen and for it to move in a positive way, floating the Iraqi dinar would be it since they have not re-denominated and they have not removed the zeros, if they go to a floating exchange rate and... the world goes crazy and starts buying up a lot of Iraqi dinar and it causes the exchange rate to jump up in value really quickly...as soon as you spot a rate you're comfortable with, man you better sell and... get rid of the dinar... This is really exciting if they decide to go that route.  I just don't think they're going to do it.

 

RON

[MommaMia]

I dogbt there will be enough money to cover all those who are holding the IQD  until end of next year 2025 at the rate these people move. 

[Luigi1]

1 minute ago, MommaMia said:

I dogbt there will be enough money to cover all those who are holding the IQD  until end of next year 2025 at the rate these people move. 

 

Agree.  That's why the float makes the most sense.

Getting rich slowly is much better than a LOP.

[MommaMia]

I personally don’t think we will se a float this year, hope I am wrong . Yes it really does make more sense than and LOP. One thing for sure it will weed out those impatient holders of the IQD. I figure many folks will cash in if it float at a dime.

would be interesting that’s for sure.