Monday Afternoon Opinions @ 5:418 PM MST - 5/19/2025

[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 

 

 

5-19-2025  Sandy Ingram   BP is helping Iraq's economy grow.  Their investments are creating jobs and bringing in money.  This is goodness for the Iraqi dinar.  When the economy is strong the currency usually gets stronger too.  This means people in Iraq can buy more with their money.  It also makes Iraq more attractive to foreign investors.   As investors we are looking for more foreign investments and safety for these investors.  We are also looking forward to a time when foreign countries need billions more IQD to ship goods from the Gulf to Europe.  These are factors that will drive the value of the IQD up.

 

5-19-2025  Frank26  Question: "Will each day after the RI see the rate go up?" Wouldn't that be great if it did!  In the beginning it's going to have an accordion affect.  That 'accordion time' is going to compress time. There will be a lot of...short increases along the way. You'll watch it. You'll follow it. You'll find the rate that you want and you'll exchange.

 

5-19-2025  Fnu Lnu  Article: "President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq's financial sector and...emphasized the importance of modernizing the banking system." If Iraq were secure and stable, why would they be having these meetings? If the banking sector were up to speed and ready to rock, why are they discussing modernizing the banking systems? Short answer, they wouldn't! The issues surrounding Iraq aren't all that complicated...trust is running at an all time low. 

 

5-19-2025  MarkZ  this weekend was the Baghdad summit and they have made lots of deals. Someone from Nato is meeting with Sudani and they are looking at Iraq like they are truly international. They just need the last of the restrictions removes so they have a fully international currency. 

 

5-19-2025  Pimpy  You got to understand when you're dealing with exchange rate, it's global.  Because people are making trade with them. There's no 'in country' rate, 'out of country' rate.  It's the same, period.  Once they make that change that's what happens.

 

 

[ronscarpa]

Added @ 7:48 PM MST:

 

 

5-19-2025   Kaperoni  Article: "Iraq is reasserting its regional role with an economic and development agenda."