Wednesday Late Night Opinions @ 11:44 PM MST - 3/12/20254

[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 

 

 

3-12-2025   Frank26 1310 is no longer top secret.  The new exchange rate is top secret.  The fact that there's a new rate is not secret and it's not a top secret. Why Digital currency?  Because the whole world now knows that it's not a secret that Iraq has a new exchange rate...The world know the truth about the CBI.

 

3-12-2025   MarkZ  Question:  If the US is gold/asset backed…and Iraq and many others as well…doesn’t it make sense for the rate to be 1 to 1?  Mark: Yes…that is the plan. First they revalue to adjust values…then they reset to go to parity. 1 to 1 based on assets.  

 

3-12-2025   Pimpy  There's some great news out there.  Not everything is all despair. No there hasn't been any  changes in the dinar.

 

3-12-2025   Clare  Article: "US Congressman Calls for Immediate Sanctions on Iraq’s Rafidain Bank, Accuses Baghdad of Starving Kurds"  Quote: "U.S. Representative Joe Wilson has called on the U.S. Treasury Department to impose sanctions on Iraq’s state-owned Rafidain Bank, accusing it of laundering billions of dollars for Iraqi militias while the Iraqi government withholds salaries from Kurdish public sector employees...Wilson’s statement signals a growing push among U.S. lawmakers for a tougher stance on Iraq’s financial sector, particularly amid rising tensions between Washington and Iran-aligned actors in the region." 

 

3-12-2025   Samson  Article: "Al-Alaq: Iraq has one of the highest gold reserves in the Arab world, at 162 tons."

 

3-12-2025   Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television showing economist saying because of low oil prices this may lead Iraq to reducing dinar exchange rate. FRANK: You can't lower the program rate any lower.

 

3-12-2025   Sandy Ingram  The Central Bank of Iraq (CBI) has reported a 45.1% increase in its gold reserves in the 4th quarter of 2024 compared to the same period in 2023.  Gold reserves increased from IQD 12.29 trillion in Q4 2023 to IQD 17.83 trillion which is around $13.6 billion in Q4 of 2024.  This was due to both and increase in gold holdings and a rise in gold prices.

 

3-12-2025  MarkZ  Articles today asking the government what are the reasons for delaying sending the budget tables to parliament?  They have everything. They have done everything and they have agreed to everything. Why don’t they have the budget tables?  My opinion is because they have the new rate in it…that is why. It is very clear they are trying to hide something that is in those budget tables.

 

3-12-2025   Militia Man  Article: "Central Bank Governor says we will witness a comprehensive digital transformation in the financial sector."

 

3-12-2025   Samson  Article Quote: "Economist: Lower oil prices may push Iraq to reduce exchange rate and cut expenses"

 

3-12-2025   Clare  Article: "America confirms the end of exemptions granted to Iraq to buy electricity from Iran" Quote: "A US State Department spokesman said on Sunday that the administration of President Donald Trump has ended the exemptions granted to Iraq to purchase electricity from Iran."

 

 

[screwball]

3 hours ago, ronscarpa said:

3-12-2025   Samson  Article Quote: "Economist: Lower oil prices may push Iraq to reduce exchange rate and cut expenses"

 

yep correct the imbalance and adjust the rate

[screwball]

3 hours ago, ronscarpa said:

3-12-2025   Clare  Article: "America confirms the end of exemptions granted to Iraq to buy electricity from Iran" Quote: "A US State Department spokesman said on Sunday that the administration of President Donald Trump has ended the exemptions granted to Iraq to purchase electricity from Iran."

 

 

urgent meetings of the UNSC regarding Iran and stock piling of weapons grade uranium taking place this Wednesday just gone or next!

[Luigi1]

MarkZ  Question:  If the US is gold/asset backed…and Iraq and many others as well…doesn’t it make sense for the rate to be 1 to 1?  Mark: Yes…that is the plan. First they revalue to adjust values…then they reset to go to parity. 1 to 1 based on assets.  
 

 

 

 

Being gold-asset backed has nothing to do with the ER between nations.

It has all to do with the trust in the nations & its currencies.   IMHO.