Friday Afternoon Opinions @ 4:44 PM CDT - 6/14/2024

ronscarpa · June 14, 2024

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

Pimpy Article: "Oil slides to four-month lows as OPEC+ deepens bearish sentiment" If oil prices continue to fall, where is the incentive for Iraq to increase their exchange rate?

Mnt Goat ...Iraq’s exit from the list of “high-risk countries" ...was officially announced by the International Task Force (FATF) last week. Yes, “the writing is on the wall” now as this is the BEST news. Iraq’s exit from the list of high-risk countries could not get any better. They are slowly clearing the way to the reinstatement, one obstacle at a time. They were not about to release the currency back to FOREX with this in place. WOW! WOW! WOW! news for us today

Frank26 Did you see...Iraq and Kuwait are now linking with their fiber optics? This is extremely important part of the monetary reform. They know it's no longer a secret what is happening with the exchange rate of the Iraqi dinar.

MarkZ [Referencing Mike Bara post this morning, 6-14-2024] Revaluating? I thought this was important. I sat down with some bankers who wanted to run through scenarios with me and my currency and train some people. And that was the exact term they used in banking then. It is going to revaluate. Its revaluating. That is the terms the banks use. They do not say RV or that it’s going to revalue. Its revaluating.

Buckeyetree Iraq continues to transform into the modern era with banking and now fiber optics. With security and stability and safety (banking laws against terrorism and corruption), investors / companies will find a good environment to do business. Praying with the blessings to be realized that this will be in the coming "days" or sooner. Big plans for an improved Iraq and for ministries.

Clare Article: "Kuwait connects its “Fiber” network to Iraq" Quote:"Iraq will be a major corridor for passing the network, not only in the Gulf. But for the countries of East Asia, it will be synonymous with the Egyptian corridor. Iraq has become the focus of attention of countries and major international companies due to the incidents that took place in the Red Sea and the fear of the cessation of communications through this corridor."

Frank26 [Iraq boots-on-the-ground report] FIREFLY: They told us...due to typo errors in the printing of the budget it will be re-audited and sent back to gazette - after EID holiday. All sound little fishy to us. An Iranian proxy saying budget is under appeal but we see nothing official of that. We trust it is going to be in gazette after EID holiday. FRANK: They know what you are about to receive - your purchasing power. They know it's going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing...

MarkZ Over the last 4-5 days I have received so many calls from people in banking who told me “You are right- they are telling us it is imminent and any moment. We should be seeing it soon - get yourself prepared“. Rumor