Friday Early Morning Opinions - 8:15 AM MDT - 9/20/2024

[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 

 

 

Clare  Article: "The judiciary and the State Council confirm that the Governor of the Central Bank of Iraq is subject to the legal retirement age (documents)" Quote: "The two councils confirmed in documents...that the legal age for retirement is 60 years, and upon reaching it, the duties of the official assigned to it end."

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani comes out and he mentions that we are in the completion phase of the HCL.  We know the HCL needs a rate.  Sudani said the payments would be through the electronic cards, not cash.  We think that's because cash would give us 1310 but through the cards we think it's going to be with a new rate. FRANK: I do not know this for a fact but I agree with you totally that your cards they are based on a new exchange rate.  It makes no sense for them to be based on a restricted program rate...

 

 

MarkZ  What have we gotten this week? We have movement in the HCL, salaries are suddenly being agreed on, which imo - they could not agree on without knowing the new rates, we have them telling us the money laundering issue with Iran are taken care of, and the comment about 10 days ago from Sudani that they plan on lifting the value of the dinar during his term which is in the next couple of months. So buckle up and try not to lose faith.

 

 

[ronscarpa]

ADDED at 8:40 AM MDT:

 

 

 Mnt Goat  ...Most already tell us Iraq is filthy rich and they are.  Right now the Kuwaiti dinar is one of the highest valued currencies in the world.  If you proportionately look at Iraq and compare its ability to generate wealth it can far out produce Kuwait. Why then is the KWD at $3+ and the IQD at about $.006?

 

[Luigi1]

 

Mnt Goat  ...Most already tell us Iraq is filthy rich and they are.  Right now the Kuwaiti dinar is one of the highest valued currencies in the world.  If you proportionately look at Iraq and compare its ability to generate wealth it can far out produce Kuwait. Why then is the KWD at $3+ and the IQD at about $.006?

 

 

Something to ponder over...

It's not the ER that matters...it's the net worth of the nation.

The SK Won has roughly the same ER as Iraq IQD against the USD.

SK is one of the world's wealthiest nation & a powerhouse in trade & manufacturing.

 

BOTTOM LINE:

It's not the ER against the USD that counts.

It's the nation's economic standing in the world that counts.

IMHO.

 

 

 

[NWGUY]

Iraq has a lot of wealth, and whenever they decide to revalue, they will be probably one of the richest countries in the world!