Friday Early Morning Opinions @ 8:38 AM MST - 5/30/2025

[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 

 

 

5-30-2025   MarkZ  Question: Is it true the Kuwait dinar revalued to $9 after it revalued? Mark: Some I know said it went as high as $9.88. But that was very briefly - for only a few hours or so as they added it to the basket. It was there and gone quickly. It is my understanding that after the experience with Kuwait. Iraq is doing a fixed float and the Iraqi dinar will not be allowed to float like that, they are going to peg it or fix it so there is not that large of rate swing. 

 

5-30-2025   Mnt Goat ...an Article from 2024:“AL-ALAQ: WE ARE CONSTANTLY REVIEWING THE DELETION OF ZEROS FROM THE DINAR, 
 AND THERE ARE NO RESTRICTIONS ON OUR BALANCES IN AMERICA”.  Now why would the CBI tell us this if they were not still planning the project and thus are telling us they could do it anytime such as using the words “constantly reviewing”...just how far must the reforms go in order to move ahead with this project? Remember that back in 2012, when under Dr Shabibi they did not have all these reforms in place, yet he was given the green light to go ahead. Now Iraq is in a much, much better banking and financial position than in 2012. So, using our common sense we can see how close we are to this event.