Saturday Evening Opinions @ 7:45 PM MST - 5/17/2025

[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 

 

5-17-2025   Frank26   Things are moving at a very quick pace because of Trump and so is the monetary reform of Iraq because Trump is being successful bringing security and stability to the Middle East, to Iraq, for the monetary reform to reveal with confidence...the new exchange rate.

 

5-17-2025   Sandy Ingram  In Iraq many people don't trust banks. They feel it's safer to keep their money in their homes...This fear is causing a serious problem for Iraq's economy.  Out of 105 trillion Iraqi dinars in the county only 20 trillion are actually being used in the market...This means a lot of money is just sitting and doing nothing to help Iraq grow. This is not counting the IQD banknotes in the United States and other counties. One solution that eliminates all of the Central Bank of Iraq's problems is to create an entirely new currency. They would give people a window of time to exchange the old banknotes for the new currency.  This solution would take care of the hoarding of cash and the billions in IQD banknotes in other counties.  We must be prepared for this possibly scenario.

 

5-17-2025   Fnu Lnu  Article quote "Recent figures reveal that only 20 trillion Iraqi dinars are in actual market circulation out of a staggering 105 trillion dinars in total monetary volume—a sign that Iraqis are overwhelmingly choosing to hoard their savings at home rather than invest or deposit them."  This is NOT stability nor is it security...There is a liquidity shortage afoot and though a digital Dinar along with a stable coin could greatly improve this situation, those are not a done deal yet either...There will be no currency revaluation for the current, foreseeable, future. Relax, it's coming soon but that means "Iraqi Soon" not "American soon".

 

5-17-2025   Militia Man  If you're going to buy 160 jets...do all these different things for military or for businesses, invest in AI and all these different sorts of things, if your currency goes up and you're going to [buy] it in dollar terms, it costs them less Real, less Jordanian dinar or less Iraqi dinar to pay off all that stuff.

 

5-17-2025  Frank26  FIREFLY: The television is saying that this summit that is occurring in Baghdad will attract over $30 billion in investments for Iraq.  What's that going to do to our new exchange rate. We have Husani on TV also Channel One that this summit shows the whole world that Iraq is now safe and stable and secure to all the world.  Just having this in Iraq is a victory. FRANK: That's the whole ball of wax. Give them security and stability and you've got the new exchange rate.  Give me security and stability and you got the HCL.

 

5-17-2025   MarkZ  Article: “Rolls Royce offers a dealership in Iraq”  first one in over 120  years there. It will be in the Erbil region. I think this is telling us they are expecting a lot of very wealthy people soon in the area.

 

 

5-17-2025  Pimpy  If they're going to delete the zeros off their currency, which is the bank notes...that's a redenomination.  So a 25,000 dinar now becomes a 25 dinar and it will look different than the bank notes that are currently out there.  That's what a redenomination is.

 

 

5-17-2025   Mnt Goat   Perhaps the best word to describe the news for today is “climax”.  Having the privilege of holding the Arab Summit in Iraq alone shows prestige and honors from the Arab community. This climax is in part from all the reforms necessary to satisfy their plan laid out in the White Paper implementing the Pillars of Financial Reform.  All this investment money pouring into the U.S. and Iraq from the U.S. is nothing but amazing. Remember I always asked the question as to when will the U.S. finally step up and realize the investment potential in Iraq. Well…now is the time under President Trump.

 

[coorslite21]

Thanks Ron....hope you have a very blessed Sunday!... CL 

[Luigi1]

Frank26   Things are moving at a very quick pace because of Trump and so is the monetary reform of Iraq because Trump is being successful bringing security and stability to the Middle East, to Iraq, for the monetary reform to reveal with confidence...the new exchange rate.

 

 

The door swings both ways.

Iraq will benefit from Trump & the US will benefit from Iraq & the region.

IMHO.