Thursday Midnight Opinions - 6/12/2025

[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 

 

 

6-12-2025   Frank26  [Iraq boots-on-the-ground report] FIREFLY: We see...huge billboards all over the city but they're not from the banks.  They are from the government.  It is from Suandi, his picture smiling at us.  It tells us how much Sudani has done for us and to elect him again in the upcoming elections.  It's even on TV new constantly.

 

6-12-2025   Clare  Article "Preparations for the 4th meeting to join the World Trade Organization" Quote "Legislation and laws must be passed that are consistent with the goals of the World Trade Organization, and there must be a suitable environment for foreign investment and freedom."

 

6-12-2025   Militia Man  Just because they're in their 4th [World Trade Organization] meeting doesn't mean they have to have 20.  If they're at this stage and they're answering all these technical questions and with the development road project going through I would say the WTO is chomping at the bit to get this thing done.   

 

6-12-2025   Pimpy  What we're hoping for is they don't delete the zeros and they increase the exchange rate...There's nothing cut in stone.  I want the same thing as you guys.  Leave all those large zeros [notes] out there, increase the Iraqi [dinar] exchange rate.  I prefer it be done that way.  I never said it wasn't going to be done, I just said probability is not very good.   

 

6-12-2025   Frank26 The CBI is going around picking up a lot of the 3 zero notes right now out of the market...Then they're going to introduce it into a card...There is paper money and then there is digital currency and that is what the CBI market is going through right now...The rate of the paper, which is 1310, and the digital card money...have to match...

6-12-2025   Fnu Lnu  Question: "Inside Iraq the deletion of Zeros means a 25k note becomes a 25 note. OUTSIDE of Iraq the 25k note will retain its face value. Would not the locals start traveling outside the country to exchange? What would prevent abuse of this system?" It's real simple. First, they issue the new specie (zeros deleted) and require everyone to exchange their three zero notes within a short period of time...say a month. They are not a free country like we are. The government will tell them that after 30 days, their three zero notes will be worthless. [Post 1 of 2]

6-12-2025   Fnu Lnu  Currency holders outside the country will then be told the RV has happened and they need to exchange their currency and then that program will start. The rate will be exactly the same. Lets say it is $3.00. The guys with the new currency in the country will have a 25 Dinar note that is worth $75 in USD. The rate outside the country will be $3.00 and the 2500 Dinar note will be exchanged for $75,000.00, USD. The rate is the same inside and outside the country only the value of the currency will differ. The Iraqi will have a windfall especially since that 25,000 dinar note is worth about $26 USD now. HAPPY! [Post 2 of 2]

 

 

[rvmydinar]

15 hours ago, ronscarpa said:

6-12-2025   Fnu Lnu   The rate outside the country will be $3.00 and the 2500 Dinar note will be exchanged for $75,000.00, USD. 

You got it wrong Fnu Lnu. $3 x 2,500 dinar note=$7,500 , not $75,000.

[md11fr8dawg]

4 hours ago, rvmydinar said:

You got it wrong Fnu Lnu. $3 x 2,500 dinar note=$7,500 , not $75,000.

I don't believe they have a 2500 dinar note.

[BETTYBOOP]

5 hours ago, rvmydinar said:

You got it wrong Fnu Lnu. $3 x 2,500 dinar note=$7,500 , not $75,000.

Clearly you didn't read / understand what fnu lnu said. 

[screwball]

i think 2500 was supposed to be 25,000?

[screwball]

1 minute ago, screwball said:

i think 2500 was supposed to be 25,000?

or does he actually mean 2500??? 🤣