Tuesday Lunchtime Opinions @ 1:38 PM MST - 5/27/2025

[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

 

 

5-27-2025  MarkZ  Article: “Dollar continues to fall in Baghdad”  I have been told that once the black market reaches the same rate as the free market…they will have a rate change. 

 

5-27-2025  Clare  Article: "The dollar exchange rate in Iraq fell to its lowest level in months."  Quote "...at exchange offices in Baghdad's local markets, the selling price reached 139,750 dinars per $100, while the buying price reached 141,750 dinars per $100."

 

5-27-2025  Pimpy  Iraq has been doing a really good job of staying out of conflicts/trouble.  With an election coming up are they going to be able to continue on the straight and narrow and if Sudani doesn't win you're looking at months before they choose another PM.  If another PM takes over Iraq what other kind of hassles are we going to have to deal with?

 

5-27-2025   Frank26  Article quote: "exchange shops in the local market in Baghdad to record to 139750 dinars for $100."  Oh my goodness! ...What was it before? 114750...Do you understand the seriousness of what's going on with this monetary reform?  This stuff is off the hook...You know how close we are to getting to 1 to 1? 

 

5-27-2025   Mnt Goat   Remember for your thought process that a rise in the rate of the dinar is less dinars to the US dollar not more. I know it is backwards to what some believe as we call a rise usually means more not less. So, actually it is a downward trend in the number of dinars to make up one US dollar. This strengthens the dinar. So, if the official rate is 1320 we want the dollars in the parallel market to reflect the same or less rate of 1320.

 

5-27-2025   tishwash  Article: "The Sudanese Ministry of Finance directs the Ministry of Finance to prepare the budget tables for approval, amounting to 140 trillion dinars."  If this is true this is good.

 

 

Edited May 27 by ronscarpa