Thursday Afternoon Opinions @ 5:55 PM MST - 1/09/2025

[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  Question: if Iraq is increasing her foreign reserves through correspondent banks, isn't that international trade? Mark: Yes and that is why some are getting excited.

 

Kaperoni  Question: "In reading these articles, I find they contradict each other. I remember a few months ago that only 13 banks were not in compliance with CBI standards. Today, I read 32 banks have limited functions. Is this difference between gov banks and private banks, or am I still in the weeds trying to understand foreign banking?" Some of the recent articles are opinion articles.

 

Sandy Ingram  In the 3rd quarter of 2024 the Central Bank of Iraq reported steady growth in both bank deposits and cash credit across state and private banks.  Article "Iraq's bank deposits reach $97.32 billion in 2024's third quarter"  These figures highlight a positive trend in Iraq's banking sector with increased confidence in both savings and lending activities across the country.

 

Pimpy  The last time Trump was in office, we became the #1 exporter of energy which affected oil prices and affected Iraq.  With Trump coming into office, we're going to quickly see what kind of impact he has on Iraq and the oil market...All we can do is sit back and watch.  If Iraq thinks it's going to go in the same direction as it did last time and the value of oil per barrel goes down, which could hurt them big time.

 

PompeyPeter  They won't carry on until they have something out on Forex.  Let's not forget the importance of that because that's attached to WTO.  I think that's an enormous indicator of where we're at.  They've got to pull the plug.  They've got to show that rate internationally on Forex even if they show 1310, which they won't because they'll implode economically, but they've got to put something up on that board.  They've got to show the international world the currency. It's got to be up there.

 

Frank26   Soon I will be receiving, god willing, thousands and thousands of locations where you will be able to exchange.  Not the ones where you call the US Treasury, where they tell you all the banks in America where you can exchange.   Not that one.  The one where the CBI is releasing thousands of banks all across the world.  Those banks are going to collect the 3 zero notes...Michigan and California are the number one states. 

 

Jeff  Up Until, through the end of September was the government's busiest time period for having and holding sessions of parliament, getting record steps done, all in preparation for them to revalue.  Since September they only got a few odds and ends done.  Why so little?  Because they have a rate change date and they are working around that date awaiting the revaluation.  In this month of January you're witnessing them on a small level starting to implement their banking reforms via what they're doing through the currency auctions.  That's another critical preparation step for them to revalue the currency...

 

Militia Man  Article: "Al-Sudani in Tehran: A new alliance to confront terrorism and the challenges of the post-'fall of Syria' "  Iraq as a mediator in the region is going to go along way to keeping stability. There have been meetings with the "new" USA administration by phone at the highest level and an unannounced delegation from the same prior to his Sudani's visit. He is home now. I imagine things went well for all included. Like it or not Iran is a very large trading partner. There has to be a very strong agreement by all parties public and private. Iraq is taking her place again in the region. She has always been in that position as mediator.

 

MarkZ   [Rumor]⚡ Things are looking good and there has been a lot of activity. Suddenly a lot of banking contacts have been checking in. Which is exciting. I have had 4 confirmations from banking contacts that I have known for yea, they are telling me now to prepare for new rates.  One of them said “It looks like that thing you are expecting is happening by Saturday. New rates by or on Saturday”. Stay calm though. Pure BS in my opinion..!  

 

Yada   Their banks are now handling all the currency exchanges from the region and around the world. Not just the dollar, they are exchanging dinar and the increased value is about to be seen by us.
 

 

 

[nannab]

Thank you Mr. Ron  😊

[screwball]

1 hour ago, ronscarpa said:

if Iraq is increasing her foreign reserves through correspondent banks, isn't that international trade?

there is a chance that iraq may use this time to build foreign exchange reserves before removing zeros or adjusting rate??? dont really know just speculating! how long who knows? I am hoping not too long!

[hspotman]

38 minutes ago, screwball said:

there is a chance that iraq may use this time to build foreign exchange reserves before removing zeros or adjusting rate??? dont really know just speculating! how long who knows? I am hoping not too long!

I wouldn't be quoting anything MarkZ has to say.

[JonnyV]

MarkZ   [Rumor]⚡ Things are looking good and there has been a lot of activity. Suddenly a lot of banking contacts have been checking in. Which is exciting. I have had 4 confirmations from banking contacts that I have known for yea, they are telling me now to prepare for new rates.  One of them said “It looks like that thing you are expecting is happening by Saturday. New rates by or on Saturday”. Stay calm though. Pure BS in my opinion..!  

 

MZ has made more predictions than I can count.  Too bad none of them ever came to fruition.  

[screwball]

3 hours ago, hspotman said:

I wouldn't be quoting anything MarkZ has to say.

i know hes a fool but it is possible they could be building forex reserves and they would have a trigger point. who knows just buying time speculating!

[jabez777]

Thanks Ron.  Getting interesting