Tuesday Midnight Opinions - CDT - 8/27/2024

ronscarpa · August 28, 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

Militia Man Obviously the budget is going to need to have an exposure of an exchange rate. After all these months, 8 months, 9 months, 10 months, why haven't they gone international at 1310? Why haven't they been put on the Forex at 1310 so they can...pay for all the roads, pavement, buildings, schools and try to find investors to physically come in with not a freedom of capital movement? I don't think they're ever going to be able to do that without having a Real Effective Exchange Rate.

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Not seeing anything about the lower notes but...Saleh was on TV talking about how hard it is to stabilize a currency saying many things go into this and said the dinar is stable now and secure...He is opening up more to us on the progress of the monetary reform. FRANK: They give you all this monetary reform education because they are about to give you your purchasing power from it. If the purchasing power was not coming to you they would never have promised it to you in their speeches and you wouldn't be seeing your country exploding the way it is right now.

MarkZ I am not hearing we are waiting until after the election.

Walkingstick [Iraqi bank friend Aki update] New York is to remove the red tape that the United Nations is still holding on the banks of Iraq that are not participating in the monetary reform. These sanctioned banks may stay sanctioned or be shut down completely. It really doesn't matter to the monetary reform process but this is something that is needed to be done.