Wednesday Evening Opinions @ 7:25 PM 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   Sandy Ingram  Iraq manages its exchange rate through a currency auction system.  Every weekday the Central Bank of Iraq hold auctions where it sells US dollars, which come from Iraq's oil revenues, to licensed banks and money exchangers.  This is how it regulates the IQD to US dollar exchange rate and how importers access foreign currency...The Iraqi dinar doesn't have options, futures contracts or other financial products traded on global forex exchanges like the Chicago Mercantile Exchange. This makes it inaccessible to institutional investors who might be looking for hedging or large scale speculation.

 

6-18-2025   Militia Man  When it comes to the education, they're doing what they should be doing.  Reminding the citizens that if you're not on the cards you're going to have a problem.

 

6-18-2025   Clare  Article: "Al-Nusairi: The Central Bank's policies and procedures have contributed to narrowing the gap between the parallel and official exchange rates." Quote: "Economic and banking advisor Samir Al-Nusairi expects the US dollar exchange rate to gradually decline to approach the official exchange rate, in line with the Central Bank's strategy and ongoing measures for comprehensive banking reform"

 

6-18-2025   Frank26  [Iraq boots-on-the-ground report] FIREFLY: They're telling us on the Asraflak website that the future for Iraq is digital. They say if we help them accomplish the digitalization of our country, bring in our three zeros, that would allow security and stability for our monetary reform. FRANK: They're not pulling any punches.  Digitalization is now?  I don't know.  It's troubling to a degree and it's exciting to another degree.

 

6-18-2025   Fnu Lnu  In my IMF and GOI newsletters, I see no talk of any monetary news except liquidity shortages and banks allowed to exchange Dinar for Dollars.

 

6-18-2025   Kaperoni   Article: "Iraq is among the top 10 countries in the world in terms of natural resources." I pointed this out several years ago. This is why Iraq could never significantly RV their currency overnight. Such an event would bankrupt them since their entire net worth of natural resources is only $16 trillion dollars.  This is why the only way the dinar can go up in value is gradually over time so that they can reduce the money supply (remove zeros) from trillions to billions.

 

6-18-2025   Sandy Ingram Any perception that Iraq is siding with one party over the other could draw the country into the geopolitical crossfire.  In short the Israel-Iran conflict could lead to oil price surges that temporarily boost Iraq's revenues but it may also increase regional insecurity, hesitation in investment and operational risks in Iraq's vital oil sector.

 

6-18-2025   Militia Man  Article quote: "...representatives called...to ban cash payments within the government institutions...This means 80% of paper money will be transferred to cards...These steps should be implemented increasingly to move cash out of homes and pockets and into banks."  They're trying to and have been for quite a long time reducing the cash in circulation which is a good thing.

 

 

[Luigi1]

 Sandy Ingram Any perception that Iraq is siding with one party over the other could draw the country into the geopolitical crossfire.  In short the Israel-Iran conflict could lead to oil price surges that temporarily boost Iraq's revenues but it may also increase regional insecurity, hesitation in investment and operational risks in Iraq's vital oil sector.

 

 

Oil prices are still too volitile.

Iraq may see a surge in oil prices & a boost in revenues but it's only temporary.

Iraq needs other sources of income coming in.

Income taxes & duty taxes are a good start.   IMHO.

[ronscarpa]

Added @ 10:55 PM MST:

 

 

6-18-2025  Frank26  When you remove the terrorists that the whole world, every nation on this planet earth is fearful of, when you remove that type of tyranny, what happens to the Middle East or better yet what happens to Iraq? Safety, security, stability, freedom.

 

 

[hspotman]

So I know this has been hashed out before, but what's to keep them from deeming ALL paper currencies worthless once they become totally digital? It almost looks as if this is their plan?

[screwball]

1 hour ago, hspotman said:

So I know this has been hashed out before, but what's to keep them from deeming ALL paper currencies worthless once they become totally digital? It almost looks as if this is their plan?

always possible...one egg - one basket

[hspotman]

6 hours ago, screwball said:

always possible...one egg - one basket

That would really suck after 15 years....over 20 for a lot of you.

[hspotman]

...and how valid or truthful are the statements/articles(?) of the Iraqi citizens hoarding their dinar?