Thursday Lunchtime Opinion @ 1:15 PM MST - 5/22/2025

[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 

 

 

5-22-2025   Clare  Article: "Iraq: Concluding Statement of the 2025 IMF Article IV Mission" Quote: "An International Monetary Fund (IMF)...met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation...A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability. [Post 1 of 2]

 

5-22-2025  Clare   Article quote continued:  "Building on recent progress, the Central Bank of Iraq (CBI) should continue modernizing the banking system...The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates. Nonetheless, further efforts are needed to further reduce the spread,   including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access." [Post 2 of 2]

 

 

5-22-2025  Pimpy  People say, I don't think this [$0.76] is where the rate is going to be.  I agree.  I don't think that's where the rate's going to be either.  It might when we first start but I don't think it's going to stop there...$3.22, is that possible?  Yeah that's possible.  I don't deny that.  But $3.22 is not going to be times this denomination [25,000].  It's going to be times this denomination [25].  They're going to have the $3.22 rate.  I agree with you.  But after they delete the zeros, not before...I'll take the $3.22 rate even if they take the zeros off. Me too Pimple..! At least that's almost 3 x my investment.

 

 

[BETTYBOOP]

Not say wimpy pimpy  is wrong but his theory doesn't work if the large notes are to be used in inter banking transfers. They would still need to be used as a 25000 dinar note. Or is my thinking wrong

[JonnyV]

4 minutes ago, BETTYBOOP said:

Not say wimpy pimpy  is wrong but his theory doesn't work if the large notes are to be used in inter banking transfers. They would still need to be used as a 25000 dinar note. Or is my thinking wrong

 

No, you are correct.  They won’t lop.  They could have done that years ago.  They will NEVER tell anyone when they are going to RV.  

[yendor]

5 hours ago, JonnyV said:

 

No, you are correct.  They won’t lop.  They could have done that years ago.  They will NEVER tell anyone when they are going to RV.  

 

Apparently they are not only going to "..... NEVER tell anyone when they are going to RV", but it seems like they are not even going to RV. If those clowns in Iraq ever intend to RV, I feel that if/when that day ever comes, I and many other Dinarians will long since passed...... unfortunately. Many hopefuls have already left this DV family.

[Artitech]

Unfortunately looks like we are in for another dead year! I 

[Luigi1]

Clare  Article: "Iraq: Concluding Statement of the 2025 IMF Article IV Mission" Quote: "An International Monetary Fund (IMF)...met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation...A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability. 

 

 

Falling oil prices could delay or even stop the RV process. This is not looking good.   IMHO.   

[Artitech]

41 minutes ago, Luigi1 said:

Clare  Article: "Iraq: Concluding Statement of the 2025 IMF Article IV Mission" Quote: "An International Monetary Fund (IMF)...met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation...A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability. 

 

 

Falling oil prices could delay or even stop the RV process. This is not looking good.   IMHO.   

That’s what I’m basing (note) my opinion on. I was really hoping President Trump would make a surprise visit to Iraq! I don’t think you can address Iran , without straightening out the mess bush started in Iraq!  Bush is a war criminal! We the people just have to face the facts, that these so called elites do not live under the same laws and rules that we live under. Exhibit A Anthony Fauci, Hunter Biden. The list is long! There is just no telling how much money Bush and the Biden criminal family stole out of Iraq! Of all the people who needs indictments, Bondi and Patel have taken the masterminds of the treason taking place in our country, on 3 army privates ! Unbelievable! Seems to me that if I were the AG, I would be starting with all of Biden’s co conspirators in the White House! Iraq is just not in the picture anymore. It’s the Wild West there! The criminals in Iraq only keep getting richer! The people President Trump is after is the EU to pay us for keeping the Suez Canal open. I think I heard a figure of a billion a week for the 2 carrier groups over operating in the Persian Gulf. Iraq oil is going right through there and making Iraqi government officials even richer. Plus driving the cost of oil down! I’m really starting to believe that Iraq is operating just as planned. What you see is what you get! Well the good news is that we are only 6 months out from the start of 2026. Maybe they might RV, or maybe not. Bottom line we got strung along here for the first 6 months and nothing. I would like to wish everyone a happy Memorial Day weekend! I will be at the national cemetery on Monday to salute all of our fallen heroes! God Bless Their families and friends! JMHO 

[screwball]

On 5/23/2025 at 4:56 AM, ronscarpa said:

falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability

yep delete zeros and re instatement and draw all the cash into banks, this is the only way...a reset if you would like!

Edited May 27 by screwball

[screwball]

On 5/23/2025 at 11:36 PM, Luigi1 said:

Clare  Article: "Iraq: Concluding Statement of the 2025 IMF Article IV Mission" Quote: "An International Monetary Fund (IMF)...met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation...A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability. 

 

 

Falling oil prices could delay or even stop the RV process. This is not looking good.   IMHO.   

doom and gloom! personally dont see it....wasnt budget set at 40-45 per barrell

[screwball]

On 5/23/2025 at 5:13 AM, JonnyV said:

 

No, you are correct.  They won’t lop.  They could have done that years ago.  They will NEVER tell anyone when they are going to RV.  

correct 100%