Monday Lunchtime Opinions @ 1:24 PM MST - 1/06/2025

[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 

 

 

MarkZ  Auctions in Iraq have been occurring.  I was told by a contact over there that this is the final part of their de-dollarization.  Article:  “The Iraqi dollar and the first day “passed peacefully” The Central Bank is innocent and free for the dinar” According to Iraqi Press today is the first day without the auctions. I am feeling good about auctions ending which should mean a new rate.  I am told Iraq was reducing their reserves to de-dollarize the market. This in anticipation of a rate change.

 

 

Militia Man  [Iraqi] Banks are closed.  Sudani said he was going to make the dinar stronger than the dollar.  I think it's going to still hold true.  I think that's the expectations of the world.  We're going to see that happen.

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says everything is in place in his eyes.  The only thing Mr. Sammy thinks we need is for Iraq to reveal a new rate to show and back the stability of the dinar as a new global currency. FRANK: Yes sir Mr. Sammy because that's what the contractors are waiting for.

 

Jeff   The auctions have completely turned to normal...Absolutely nothing has changed, everything has returned and restored back to normal...Even though the auctions are normal the significant step in this is the auctions are remaining at elevated numbers because what they're doing is Iraq is emptying their coffers and getting rid of the US dollar preparing to revalue.  That's the critical piece of this...But for your own knowledge and information...the auctions have absolutely returned to normal.