Saturday Afternoon Opinions @ 3:45 AM PST - 6/21/2025

[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 

6-21-2025  Frank26  Bank of New York Story (Bank of New York Mellon Corporation) ...Bank of New York has no retail branches...I went on their website...you just put your name and phone number and they contact you...The first person to contact me I had three conversations with him.  He was a certified financial planner, series 7, who called himself junior but he's very intelligent.  He did the interview process with me. I told him my wife is from Iraq. I told him we had an 'inheritance' coming in. As soon as they find out you're doing a speculative investment they shut you down. They asked, what are you looking for? I said I'm looking for a family front office situation services. [Post 1 of 2]

 

6-21-2025  Frank26  They have tax services, trusts and foundations, legal services, tax advantages, trust brokers, investment brokers, all within there.  That was the 4th conversation.  We proceeded a couple weeks. I didn't push them, just waited. I got an email from a managing director of BNY, they're considered the correspondence bank for the whole United States Treasury. They have 54 trillion under management. I asked if he was a fiduciary. He said yes, but also a series 7 certified. You have to approach them with humility.  You can't come to them and say, 'I know the dinar or dong or whatever is happening' because legally you put them in legal jeopardy saying that. I encourage everybody please don't use "RV" and don't use "guru speak" they'll shut you down and put you on the blacklist.  Please do not do that.  Be humble and love them because they're trying to help us. [Post 2 of 2]

 

 

6-21-2025  Clare Article: "Sudanese advisor: Colorful noise behind the dollar's rise" Quote: "Salih, explained...the rise in the US dollar exchange rate against the Iraqi dinar in the parallel market is due to what he called 'information noise' related to the Iran-Israel war. The secondary exchange markets do not represent any economic value in stabilizing the national economy today, as long as the fixed exchange rate and external value of the Iraqi dinar are tied to foreign currency reserves that are the highest in the country's monetary history, and the efficiency of those reserves exceeds fifteen months of trade coverage, compared to the global standard of three months."

 

6-21-2025  Sandy Ingram  At this point the dinar is unlikely to see meaningful appreciation unless Iraq shifts to a free floating exchange rate or undertake sweeping financial reforms.

 

 

[ronscarpa]

Added @ 5:54 PM MST:

 

 

6-21-2025  Fnu Lnu  Progress is continuing but has a long way to go.

 

6-21-2025  Kaperoni  Good news for Iraq! The financial system is improving and soon to be integrated internationally as well as the dinar becoming stronger (within compliance).

 

 

[Dinarrock]

Frank is a lying POS!!!