Saturday Evening Opinions @ 6:58 PM MST - 6/07/2025

[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 

 

 

6-7-2025  Frank26  Look at what Forex is doing with the Iraqi dinar.  When you have a bank that tells you, 'Oh, we're never going to deal with the Iraqi dinar.' Or whatever they say to you, just keep it in the back of your mind what bank said that to you.  Remember who lied to you because they didn't have to do that.  All they needed to do was say no comment, or we have no idea.  But no, they decided to lie to us...We can choose which banks [we use].

 

6-7-2025  Sandy Ingram  Here is another reason we believe something is happening behind the curtains.  First it was Facebook representatives meeting with the Iraqi prime minister and now it's Elon Musk's Space X.  These mega corporation would not be meeting with Iraq unless there are mega bucks attached to the deals. 

 

6-7-2025  MarkZ  They had been under tremendous pressure to pass the Oil and Gas law. And I was told repeatedly that that is when we see a new dinar value. 

 

6-7-2025  Fnu Lnu  Article: "Iraq's National Investment Commission (NIC) has announced more than 135 ready-to-offer investment opportunities across key economic sectors as part of its preparations for the Iraq Investment Forum 2025, scheduled for 14-15 June."   Here we see that Iraq is moving full steam ahead toward a vibrant private sector. This sector is in its infancy and is being realized WITHOUT a revalued Dinar. 1320 works just fine and is NOT an impediment to investment or development. It also shows us that Iraq is International with the 1320 Dinar even though the Dinar is NOT on FOREX.

 

6-7-2025  Pimpy  Community Comment: "Our [Iraqi bank] notes are worthless."  I wouldn't say worthless.  Keep in mind we don't know what the hell Iraq is going to do.  Hold on to them.  Keep your fingers crossed that they leave the zeros on there and change the exchange rate. The probability is not high but you never know.  Just hang tight and let's see what' happens.

 

6-7-2025  Militia Man  Article Quote: "Protect investors against certain risks such as political instability, expropriations or currency inconvertibility."  Isn't that interesting?  'Inconvertibility'.  In other words Iraq's currency at the moment isn't quite convertible just yet.  Is it expected to be convertible on the Forex.  I think it is.

 

6-7-2025  Mnt Goat  where...are...we...with the RV saga... The choo-choo train is still moving down the tracks quickly. It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc.  ...Many of these plans are already accomplished, some now in motion and some still in the planning stages...They do not have to implement all of these plans to get there...Later this wealth will sustain the value of the dinar once reinstated...all trains eventually make it to the end of track. This end is coming.
 

 

[screwball]

1 minute ago, ronscarpa said:

6-7-2025  Fnu Lnu  Article: "Iraq's National Investment Commission (NIC) has announced more than 135 ready-to-offer investment opportunities across key economic sectors as part of its preparations for the Iraq Investment Forum 2025, scheduled for 14-15 June."   Here we see that Iraq is moving full steam ahead toward a vibrant private sector. This sector is in its infancy and is being realized WITHOUT a revalued Dinar. 1320 works just fine and is NOT an impediment to investment or development. It also shows us that Iraq is International with the 1320 Dinar even though the Dinar is NOT on FOREX.

fool....flog...mroron...oxygen thief......clueless.....i bet they are securing deals and contracts at the MOP rate of 1.32 allowing for inflation...

[ronscarpa]

Added @ 10:31 PM MST:

 

 

6-7-2025  Pimpy  We all want the same thing trust me.  You think I want to see them delete the zeros and then change the exchange rate? No, not at all!  I want them to keep the zeros on there and change the exchange rate.  Who doesn't want to be rich?  I'm just saying to you what is more realistic to happen.  They're talking about delete the zeros all the time. In addition to that, now their talking about the central bank digital currency which I don't like...It gives the country way more control over you.

 

Edited June 8 by ronscarpa

[screwball]

7 hours ago, ronscarpa said:

6-7-2025  Pimpy  We all want the same thing trust me.  You think I want to see them delete the zeros and then change the exchange rate? No, not at all!  

thats because they added zeros to the exchange rate to devalue the currency, as i said they can remove them from the rate....you are not going to wat with an insurgency with a dinar thats valued at 3.22....pretty simple.....

[screwball]

its several former oil ministers that said Iraq in excess of 360 billion barrels of oil...the figures out there are false.....shabibi said they can carry an exchange rate of $5.26

[screwball]

the question will be if countries will be on a level playing field and some will go up and down and some will stay the same then will Iraq be allowed to reinstate??? 

[sharkcatcher]

screwball, $3.22, $5.26...what is your guess on what the rate will be when they finally RV?

[Luigi1]

 

Sandy Ingram  Here is another reason we believe something is happening behind the curtains.  First it was Facebook representatives meeting with the Iraqi prime minister and now it's Elon Musk's Space X.  These mega corporation would not be meeting with Iraq unless there are mega bucks attached to the deals. 

 

 

 

I'm Expecting a big announcement after EID & 4 day Iraq bank holiday. 

The BIG Boys know something we don't.  Go RV.