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Monday Night Opinions @ 8:15 PM MST - 1/13/2025


ronscarpa
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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 ... :twothumbs: RON  

 

 

Ingram  At the present time, January 2025 the Central Bank of Iraq has severe limitations on trading the IQD on the markets.  We are not sure if the limitations are because of U.S. sanctions, the Islamic faith or both...One of the fundamental tenants of Islamic finance is the prohibition of gharar, or excessive uncertainty and maysir or gambling both of which are deemed detrimental to individual and societal well-being. The foreign exchange market presents a challenging ethical dilemma for Muslims.  While forex trading is a legitimate global financial practice, its nature and mechanisms often raise questions...Gambling or maysir, is unequivocally prohibited in Islam. However, some scholars suggest forex trading can be permissible if conducted in a manner that avoids speculation, interest and excessive risk.  

 

Jeff  Article Quote: 'Enhance integration into the national and global banking markets.That's why this is waiting for the rate to change.  You have to have an internationally convertible recognized currency first, then they can get into the global banking market.

 

 

:tiphat:

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If global markets and forex are against Islam. ..... how do all the other Islamic countries get around it??? They do it anyway so I ain't buying sandy ingrams BS!! More so when you consider how corrupt they are!!

Edited by BETTYBOOP
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Added @ 9:33 PM MST:

 

 

Militia Man  The cash cow is seriously coming to an end.  We already saw that the black market/parallel market/dollar auctions they're bye-bye. It's true.  It's in writing. Those that are out there suggesting that it wasn't going to happen, it already did. Where..??

 

MarkZ  Article:The house of Representatives votes to amend the passport law and extend the work of the election commission” If you read deeper in the article is states the second reading of the budget law was successful!  We did indeed have the second reading today.

 

:tiphat:

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