Tuesday Midnight Opinions @ CST - 4/29/2025

[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 

 

4-29-2025   Clare  Article: "Central Bank: Visa and MasterCard card issue abroad to be resolved next month" Quote: "Central Bank Governor Ali Mohsen Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month...Al-Alaq said, An agreement was reached with all concerned parties - which include Visa and MasterCard in coordination with the Treasury, the Federal Reserve, and the auditing company...stressing that the Central Bank has taken rapid steps in this regard, expecting to complete this task...before the scheduled date for this process, which is June 1."

 

 

4-29-2025  Frank26  Question: "IYO when the Iraqi people turn in their notes do they get program rates or a different rate?"  No, program rate 1310.  That's why they don't turn them in.  They'd rather get them out of the country but it's kind of tough to do that now.  Borders are very secure.  It's hard for things to get in and get out.

 

4-29-2025  Militia Man  It's amazing to see how far the central bank has come.  They're in line with the global markets and they're going to have what I believe is to be inner connectivity...Iraq's ability to move away from the parallel market has been epic...95% of all transactions are outside of the parallel market.