Monday Early Morning Opinions @ 9:20 AM MST - 1/13/2025

[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 

 

 

Mnt Goat   Article: “AL-NUSAIRI: EXPLAINS THE NEW MECHANISM FOR EXTERNAL TRANSFERS AFTER THE PLATFORM IS CLOSED”  The best part of the article is the CBI is telling us that this new strategy is normal and is working so far. I Quote: “This means that the Central Bank has achieved a basic objective of monetary policy.”

 

MarkZ  Article: ”Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil”  HCL gets its second reading on Monday…it appears there will be serious progress on the HCL. This is a case where the title of the article does not reflect the content...I am being told if the second reading goes well…they will immediately do the third reading…then Boom we will finally have the HCL.

 

 

*** Midnight Sunday Opinions ***

 

Frank26  I bought dinar at Well Fargo 20 years ago. They stopped because they got wind of what's going on around 2012/2014 but now they don't say that it's a scam anymore because they got wind of the U.S. Treasury's communications with them.

 

Militia Man  I try to be calm cool and collected as much as possible because I'll be honest with you, this transition, when it happens is going to be something that everybody's going to have to deal with and it's going to be a shock.  Just like the World Bank had said to not just us but they said to the countries of the world, be prepared for shock.  They said it in writing that, hey, be prepared for shock and when Iraq does a big move and other currencies are involved markets will be shocked to some degree...

 

Jeff  They're bringing the budget off the shelf. I told you the budget would stay on the shelf collecting dust until they're about ready to revalue.  From October 8th to now the budget did remain on the shelf collecting a whole bunch of dust.  What did I tell you about January?  I said January is a very critical month.  Keep your eyes on it. They are now talking about pulling the budget off the shelf and getting the budget schedules approved by parliament.  Thing are now finally preparing to happen and come forward because they're about ready to revalue the currency.

 

Walkingstick   [Iraqi Bank Friend Aki update]  They are de-dollarizing the whole Middle East.  They are obligated to use IQD only and obligated to have a new exchange rate and currency.

 

Samson Article: "Foreign Policy: Demographic gift will make Iraq a 'global economic power' with Washington's help"

 

 

[jabez777]

Great info.  Thanks Ron

[Luigi1]

All good updates.  Thanks Ron.   Go RV.