Thursday Afternoon Opinions @ 4:14 PM MST - 6/05/2025

[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 

 

 

6-5-2025  Walkingstick  [Iraqi banking friend update] AKI: Much is happening with the IMF and the United States Treasury starting now.  Your President Trump has a lot to do with this release, this engagement.

 

6-5-2025  Sandy Ingram  Iraq has been under increasing pressure to adopt anti-money laundering and anti-terrorism financing rules.  The United States insists unless Iraq fully complies with these standards, dollar transactions will remain restricted.  The restriction on dollars is causing the IQD to fluctuate. More US dollars have ended up in the hands of Iranians.  The Trump administration is bent on eliminating Iranian influence in Iraq by any means necessary.  The Iraqi Prime Minister asked that the banking upgrades be made as quickly as possible. The parallel market rate is the cost of living rate for the Iraq people.

 

6-5-2025  Fnu Lnu [Response to MarkZ WTO 6-4-2025 post yesterday]   This article has no veracity. There are meetings scheduled in August to discuss and analyze the progress Iraq has made. They have not completed the required steps for full membership until the assessment has been completed. More flowery words to keep the people from rioting. My info comes from the WTO website.

 

6-5-2025  Pimpy Iraq still needs to continue to grow and getting away from relying on oil so much.  We saw some growth in that area.  We saw the percentage move from 96% reliant on oil sales in order to fund their government, I just saw it the other day, 92%. That's a huge drop in reliance on oil but they still got to continue because any major **** in the oil prices could really screw Iraq big time.

 

6-5-2025  Samson  Article: "Economist: The dollar's decline improves citizens' living standards and monetary policy." Quote: "Economic expert Salah Nouri confirmed that the continued decline in the dollar exchange rate carries with it multiple positives that are directly reflected in the lives of Iraqi citizens...The decline in the dollar exchange rate leads to a significant decline in import costs, which positively impacts commodity prices in local markets... Citizens will be able to purchase larger quantities of goods, especially basic food items and medicines, which will help alleviate their living pressures... The  economic expert emphasized that this decline reflects a clear improvement in the monetary policy pursued by the Central Bank of Iraq, noting that it contributes to reducing dollar acquisitions and speculation, thereby enhancing overall economic stability in the country."