Wednesday Afternoon Opinions @ 3:15 PM MDT - 10/09/2024

ronscarpa · October 9, 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

MarkZ Article: “Parliamentary Finance: These are the reasons for the rise in the exchange rate of the dollar against the Iraqi dinar” There have been fluctuations going on right now. The Central Bank is saying “It’s not us” They have a pegged exchange rate and the inconsistencies are because of smugglers and unscrupulous business people in some unlicensed exchange offices. The reality is that this is going to exist until the value of the dinar is the same or more than the rate of the US dollar. And they know it at the Central Bank. They know this problem will instantly go away the moment they get a rate change. I think the Central bank is letting us know how close they are to the REER (Real Effective Exchange Rate).

Clare Article: "The Central Bank continues the actual implementation of banking reform plans" Quote: "The Supreme Executive Committee for the Strategy began its work and held its first meeting headed by the Governor of the Central Bank, which is a clear announcement of the beginning of the actual phase of implementing its strategies for banking reform. What we expect from the procedures and policies adopted by the Central Bank, what has been achieved, and what will be achieved later will be reflected in achieving economic stability by overcoming the challenges of stability in the financial and monetary system, which will contribute to the stability of the exchange rate and the recovery of the Iraqi dinar inevitably" :twothumbs: