Saturday Lunchtime Opinions @ 12:50 PM CDT - 11/09/2024

[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

 

 

Mnt Goat  My CBI contact told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I was told that the CBI will no longer be supporting the currency auctions come the end of the year. She told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded?  This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq.

 

Clare  Article: "Al-Sudani and Trump agree to coordinate to stop regional wars and meet soon"

 

 

[Luigi1]

Clare  Article: "Al-Sudani and Trump agree to coordinate to stop regional wars and meet soon"

 

 

 

This is a very good start towards peace & prosperity in the region.   Go RV.

[ronscarpa]

Added @ 2:55 PM MDT:

 

 

Militia Man   CBRs , Correspondent Banking Relationships, we've know about that since 2023...This isn't brand new.  This is what's been done.  2024 consultation Article IV is about things they've got to a certain point where now we're going to the next step.  We're focusing in on 2024 for what?  Modernizing the banking system.  Getting that completed.  Going to the private sector.  Privatizing the state-owned banks.  They're doing it.  Ernst and Young are doing it.  They've had a contract since January.

 

 

[screwball]

7 hours ago, ronscarpa said:

I was told that the CBI will no longer be supporting the currency auctions come the end of the year.

thanks but they have openly stated this!

[screwball]

4 hours ago, ronscarpa said:

Militia Man   CBRs , Correspondent Banking Relationships, we've know about that since 2023...This isn't brand new. 

hmmm...they have had these since 2013 when i was withdrawing cash from my iraqi bank account at the ATM here in Australia.....such fools!