Thursday Late Night Opinions @ 11:55 PM PST - 6/26/2025

[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 

 

 

6-26-2025   Frank26  [Iraq boots-on-the-ground report] FIREFLY: Saleh is on TV and he says, 'We are stable and strong and we have price discipline and we have three reasons for it.' FRANK: 1310 is not price discipline because it fluctuates and it's bouncing all over the place. The new exchange rate is the #1 reason.  That's what he's talking about...A new exchange rate requires this conversion.

 

6-26-2025   Militia Man  If this turmoil was to be a problem, then...why in the world would the World Bank just pay up just about a billion dollars for the country [of Iraq].  They probably wouldn't.

 

6-26-2025  Clare  Article: "The IMF mission commends the Central Bank of Iraq." Quote:  "The CBI has made progress in absorbing excess liquidity by increasing the issuance of short-term debt instruments ...adjusting subscription limits for banks in CBI auctions, and improving liquidity forecasting tools and practices...This development has contributed to enhancing banks' compliance with international transparency requirements, such as OFAC regulations and others, and improving their relationships with global correspondent banks. This step has resulted in narrowing the gap between the official dollar price and its parallel price, indicating relative success in curbing illegal speculation and reducing currency leakage."

 

6-26-2025  Walkingstick  [Iraqi banking friend Aki update] Question: "Do you feel Alaq will give us the new exchange rate this month or at least in this quarter?" AKI: This is what I have heard. This is not going to be given to you as a fact.  You know what I do [manage a bank]. You know where I'm at [Dearborn Michigan]. I have heard this will be all done by the end of the 2nd quarter or at the beginning of the 3rd quarter.

 

6-26-2025  Sandy Ingram   [Our] opinion Iraq is being pushed into qualifying for Forex participation status due to the slow pace at which Iraq can access its dollars at the Federal Reserve Bank.  Largely because certain banking restrictions are not in place.

 

6-26-2025   Frank26  [Iraq boots-on-the-ground report] FIREFLY: World Bank on TV news funds with us $930 million to update our railroad system.  This is amazing. Sudani is doing interviews saying the private sector is the key to meeting local market needs.

 

 

[Luigi1]

Odd isn't it...

All the sudden everybody wants to give Iraq more loans.

Could it be they are expecting huge returns on their investments?

IMHO.

[jabez777]

Going to happen soon.