Sunday Early Afternoon Opinion @ 2:30 PM MST - 5/25/2025

[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 

 

 

5-25-2025  Sandy Ingram  The State Bank of Vietnam continues to manage the currency tightly allowing only gradual movements...The VNK is expected to see a modest depreciation potentially reaching 26,940 per dollar by year end.  This is driven by continues US dollar strength, US tariffs on Vietnamese exports and Vietnam's strategy to maintain export competitiveness through a slightly weaker dong.  In other words it is a financial strategy for Vietnam to keep its currency low.  Let's hope Iraq does not develop the same habit.

 

5-25-2025  Pimpy  This has been talked about a lot lately. Article: "90% of Iraq's money supply held outside banks:PM advisor" This isn't good because if they don't have enough dinars to work their economy the economy is going to be limited in growth...I don't know about you guys but if they want to raise the exchange rate just a little bit I'm sure there a huge group of us be more than happy to send a lot of Iraqi dinars back to the country! 

 

5-25-2025  Militia Man 2023 Article quote: "...Because the project to delete the zeros still exists [Alaq] says when this is done correctly we can expect Iraq to become a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."  That's the expectation of this - before 1980.  That's coming from the Central Bank of Iraq.

 

5-25-2025  Frank26  [Iraq boots-on-the-ground report] FIREFLY: Alaq the central bank governor was on the news talking about the deletion of the 3 zeros is still on and it's on time.  When it's correct time I will reveal a stronger dinar than one before 1980.  Then Alaq talked about we have all approvals from the IMF and World Bank and US Treasury. Sounds like Alaq is taking us up to something big coming. 

 

5-25-2025  MarkZ  Article: ”90% of Iraq’s money supply is held outside of the banks” This is according to the Prime ministers advisor. This is massive. They do not want to let go of their currency. Why are they hoarding dinar? I think they know why they are hoarding.

 

5-25-2025  Mnt Goat They tell us the Arab Summit was a success and Iraq once again takes a major role in the middle east. But if they are to be a leader than where is their currency? It certainly is not yet a currency of a leading country.

 

 

[screwball]

57 minutes ago, ronscarpa said:

5-25-2025  Sandy Ingram  The State Bank of Vietnam continues to manage the currency tightly allowing only gradual movements...The VNK is expected to see a modest depreciation potentially reaching 26,940 per dollar by year end.  This is driven by continues US dollar strength, US tariffs on Vietnamese exports and Vietnam's strategy to maintain export competitiveness through a slightly weaker dong.  In other words it is a financial strategy for Vietnam to keep its currency low.  Let's hope Iraq does not develop the same habit.

at a time when Indonesia is talking about adding value to their currency within months and they have passed a law to delete zeros....

[screwball]

I say Vietnam will appreciate not depreciate and they will need to remove zeros and add purchasing power to their currency like Indonesia...just announced