Tuesday Night Opinion @ 9:29 - PM CST - 5/06/2025

[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 

 

 

5-6-2025  Fnu Lnu  Article Quote: "Iraq's Minister of Transport...chaired a meeting...at the headquarters of the General Company for Iraqi Railways with representatives from Oliver Wyman, the consultancy firm providing financial advisory services for the Development Road Project....calling for detailed studies and enhanced coordination between the General Company for Iraqi Railways, the project's Higher Committee..."  Progress hasn't stopped nor has it frozen...My sources are directly from the CBI, GOI, the various ministries, the IMF, the WTO, and BIS. Just because some apartment is a hull standing idol is hardly indicative of the geo-political wrangling going on right now in Iraq. There are thousands of such idol clean-up projects waiting.  Debate backed up with facts is always welcomed...

 

5-6-2025  Samson  Article: "Finance Minister: The Iraqi economy recorded non-oil growth of 5 percent and a decrease in the budget deficit"

 

5-6-2025  Militia Man   Article quote: "Iraq is ready to integrate into the international financial system."  I don't think I can spell it out any more than that.

 

5-6-2025  Frank26  Should we go to the bank [to exchange]?  In my situation I don't think so, no.  I don't qualify to walk into a bank because I'm not going to walk in with 1 million dinars [He has much more].  So my team will consist of a lawyer who will make the phone calls for me, who will make the arrangement that whatever bank we decide will come to my house.

 

5-6-2025  Kaperoni  Seems like now we're finally starting to get statements out of Iraq that confirm what we've been saying all along that the dinar can only rise as a result of a developed banking sector, economic success and growth of their own economy.

 

 

[screwball]

3 hours ago, ronscarpa said:

5-6-2025  Kaperoni  Seems like now we're finally starting to get statements out of Iraq that confirm what we've been saying all along that the dinar can only rise as a result of a developed banking sector, economic success and growth of their own economy.

yep and we are there! so bug off

[JonnyV]

6 hours ago, ronscarpa said:

 

 

5-6-2025  Fnu Lnu  Article Quote: "Iraq's Minister of Transport...chaired a meeting...at the headquarters of the General Company for Iraqi Railways with representatives from Oliver Wyman, the consultancy firm providing financial advisory services for the Development Road Project....calling for detailed studies and enhanced coordination between the General Company for Iraqi Railways, the project's Higher Committee..."  Progress hasn't stopped nor has it frozen...My sources are directly from the CBI, GOI, the various ministries, the IMF, the WTO, and BIS. Just because some apartment is a hull standing idol is hardly indicative of the geo-political wrangling going on right now in Iraq. There are thousands of such idol clean-up projects waiting.  Debate backed up with facts is always welcomed...

 

 

Um, what?

[Luigi1]

Samson  "Finance Minister: The Iraqi economy recorded non-oil growth of 5 percent and a decrease in the budget deficit"

 

This story is huge...

Iraq's non oil economy grew by 5% in 2024 & is projected to grow by 6% in 2025.

This is far away & above the rest of the world's economies.

In addition, Iraq has one of the lowest inflation rates on earth.

Iraqi reserves are more than enough to cary it through low oil prices.   IMHO.