Tuesday Early Afternoon Opinions @ 2:10 PM MDT - 9/10/2024

ronscarpa · September 10

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

MarkZ Article from Baghdad today: “It will turn the parallel market upside down-Sources: Expected decisions from the Central Bank will confuse markets and raise exchange rates” When they say raise exchange rates, they are talking “in the wrong direction”. So if one US dollar now equals 1310 dinar, it will go to one US dollar equals 1500 dinar or so. So what they are going to do is have an auction on US dollars. They are planning on injecting more US dollars into the markets and buy dinar off of the streets. “To help support the exchange rate” is the claim. And to help clean up the sanctions and money laundering. [Post 1 of 2-stay tuned]

Pimpy Article: "The parallel market will be overturned. Sources: Upcoming decisions from he central bank that will confuse the markets and raise exchange rate." It's interesting they don't say which exchange rate. Quote: "He stated the decisions are likely to raise the dollar exchange rate in the parallel market..." When they say raise the dollar exchange rate, that's not good for us. That means the dollar is rising up against the dinar. On the black market people are getting 1505 dinars for every $1.00, which is much higher than the 1320 for every dollar, the official exchange rate. It's getting out of whack again. As it gets harder and harder to get the US dollar, you're going to see the black market really start to increase. I'm curious to see what kind of decisions the central bank is going to make.

Militia Man Article: "The Parallel Market will be upended" Quote: "Expected decision from the central bank will confuse markets and raise exchange rates. These decisions will lead to an increase in the dollar exchange rate" When you're talking about the parallel market you're talking about a black market, an illegal market, that's subverting the platforms to get the dollar. That's coming to an end. They're saying, parallel market you're going to have a problem. If you don't fix it, you're going to get hurt [If you're holding dollars and not dinar]. They're giving them [Iraqi citizens using the black markets] numerous warnings [to get out of the dollar].