Wednesday Night Opinion @ 11:05 PM CDT - 9/11/2024

[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 

 

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani's speech he was talking to us about how to enhance a currency.  They're talking about stabilizing the currency.

 

Sandy Ingram  It is widely believed Iraq will need to increase the value of its currency in order to fully take advantage of the international transportation hub [Development Road Project] it is building.

 

Fnu Lnu  [Response to Guru Pimpy's 9-10-2024 Article "The parallel market will be overturned." PIMPY: When they say raise the dollar exchange rate, that's not good for us. That means the dollar is rising up against the dinar...]  FNU LNU: The solution is so basic and simple it defies this hand wringing. Why is it such a mystery? The way you control the "parallel market" is to raise the damned official rate such that there is no profit margin to be had. I will maintain that this is a red herring and some sort of stall tactic.

Pimpy  They have to do something about that parallel market.  The reason why it's so successful is because people prefer to get the US dollars if they can.  If businesses and travelers want to get more bang for their buck, they don't have a problem with selling the US dollars for more Iraqi dinars, more than the official exchange rate.  It puts Iraq in a pickle. Do they raise the rate of the Iraqi dinar or do they lower it?

 

 

Clare  Article: "Iraq's financial revenues exceed 77 trillion dinars in 7 months of 2024" Quote: "The Ministry of Finance revealed on Tuesday that the size of Iraqi revenues in the federal budget during 7 months exceeded 77 trillion dinars, confirming that the oil contribution to the budget remains around 89%."

 

 

[Artitech]

Well the good news is we are about 2 & 1/2 months out from the 1st of the year when we could see some movement with IQD! We should know by the end of the 1st quarter whether 2025 will be another dead year! 🤘

[screwball]

On 9/12/2024 at 3:58 PM, Artitech said:

Well the good news is we are about 2 & 1/2 months out from the 1st of the year when we could see some movement with IQD! We should know by the end of the 1st quarter whether 2025 will be another dead year! 🤘

Maybe before….worst case by Jan but if not I will hold for ever and a day!