Wednesday Early Morning Opinions @ 7:50 AM MST - 6/18/2025

[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 

 

 

6-18-2025  Mnt Goat  Article: "A GOVERNMENT ADVISOR REVEALS THE TRUTH ABOUT THE DEVALUATION OF THE DINAR AGAINST THE DOLLAR." Quote: "there is a shortage of cash liquidity in Iraq and that salaries are 'unsafe,'"  In early July the govt’s plan is to pay ALL salaries by automatic deposit in the citizens bank account. If they haven’t set up an account they will not get paid...This action by the govt is hoped to keep more cash in the banks to help with the liquidity issue. It may also flush out the stashes and hoards of cash in the homes that is said to be almost 90% of the issued cash..But remember that you and me also have dinar and our stashes must also come home to roost…lol... 😄 They are going to come for our dinar next.

 

 

[Luigi1]

FYI: There was an article out yesterday...Al Mandlawi, First Speaker of The House, a Maliki ally, is behind the sabatoge of the 2024 Budget. 

 

In addition, there was another article out yesterday from CBI of depleting it's foreign reserves due to lack of progress moving the Budget, the economy & laws forward.

 

All this has to do to corruption.  There 's money to be made by the corrupt to bring Iraq to it's knees.   IMHO.

[ronscarpa]

Added @ 10:28 AM MST:

 

 

6-18-2025  Frank26  Article: "The Iraqi Ministry of Finance announces the cessation of paper currency in all financial transactions and the adoption of electronic payment methods as the sole option for processing payments and revenues in government  institutions" GOING DIGITAL PROTECTS THE NEW EXCHANGE RATE!  This is all fantastic. 

 

Edited June 18, 2025 by ronscarpa