Tuesday Morning Opinions @ 9:45 AM MST - 1/21/2025

[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  

 

 

Militia Man  Article: "The Kuwaiti dinar currently is the strongest currency in the world: 31 Kuwaiti dinars for every US dollar." If you do the math it turns out to be about $3.22. Quote "It's worth noting Kuwait has about 7% of the world's oil reserves which greatly supports the value of the currency. According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait's 101.5 billion."  Iraq has 43% more oil than Kuwait. [Kuwait's] currency is strongest in the world. Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues. Pretty exciting times! 

MM, you forget the population of Iraq is almost 10 times that of Kuwait, and it's size is 25 times larger ( As of January 20, 2025, Kuwait's population was 4,984,970, while Iraq's population was estimated to be 47,020,774 in mid-2025 ) - your logic of a 43% greater value is absurd and unrealistic. RON 

 

MarkZ  Comment: Mark look at IQD on xe and see what it says …it started showing up on Saturday. Mark: We are seeing some crazy rates and values… buckle up, its going to be a crazy couple of days. 

 

 

[WISKY291]

Ron, You nailed it!!

[umbertino]

Quote

REMEMBER, no one really  knows what will happen, or when

End Quote

 

Exactly! But it would seem a few of us tend to forget about that.....

[Luigi1]

3 hours ago, WISKY291 said:

Ron, You nailed it!!

 

 

 I'll take $3.22.   Go RV.

[NWGUY]

MM, you forget the population of Iraq is almost 10 times that of Kuwait, and it's size is 25 times larger ( As of January 20, 2025, Kuwait's population was 4,984,970, while Iraq's population was estimated to be 47,020,774 in mid-2025 ) - your logic of a 43% greater value is absurd and unrealistic. RON