Monday Noon Opinions @ 12:00 PM MDT - 7/08/2024

[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 

 

 

Militia Man  Saleh has been very vocal about...the exchange rate, inflation, their reserves.  His positive tone has been very well accepted because this is his fourth one... the reason there's positivity is because of where we have been in the past and what has been transpiring ...What is different in the last year and half since Al Sudani arrived is amazing.  It's immense.  And the totality of it should have everybody pretty pumped because I see it as light at the end of the tunnel.

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Parliament demands, they are demanding on television that they want full control of the parallel market...and to prosecute the ones that are manipulating the dollar rate. What a joke. It's half of parliament who are the crooks that are doing this. They are the ones causing this mess. FRANK: They want to stop it because they know what Sudani has done already with the monetary reform of your currency because it's no secret and somewhere around the 14th we may see another move by Sudani. Parliament wants to be a pain and delay and cause problems, don't pay attention...

 

Mnt Goat  ...everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place. The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it.   ...this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it.

 

MarkZ  Article: “Unfolding structural economic  transformation in Iraq”  This article...is talking about Iraq’s successes – especially in the digital banking world …and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate. [ REPOSTED ]
 

 

[Luigi1]

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Parliament demands, they are demanding on television that they want full control of the parallel market...and to prosecute the ones that are manipulating the dollar rate. What a joke. It's half of parliament who are the crooks that are doing this. They are the ones causing this mess. FRANK: They want to stop it because they know what Sudani has done already with the monetary reform of your currency because it's no secret and somewhere around the 14th we may see another move by Sudani. Parliament wants to be a pain and delay and cause problems, don't pay attention...

 

 

 

I don't often agree with F26 but he's absolutely spot on this time around.

 

Iraq must get a handle on the corruption issue that's killing the ordinary Iraqi citizens.

 

The crooks in Parliament are the ones holding back economic reform, then they blame everyone but themselves.

 

Until the process is cleaned up, there can be no RV-RI.   IMHO.

[screwball]

3 hours ago, ronscarpa said:

Mnt Goat  ...everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place. The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it.   ...this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it.

definitely the US is behind the delay.....but why? waiting on a collapse maybe?? perfect time for them to re-enter the markets!!!