Guru Pimpy: "That's also going to help them with the foreign currency reserves" 1/26/21
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Guru Pimpy: "That's also going to help them with the foreign currency reserves" 1/26/21
Guru Pimpy
...things are looking good. It looks to us that finally some type of agreement is going to be finalized between Erbil and Baghdad. That's going to help with the '21 budget. I love the fact that they're increasing the budget from $42/barrel of oil to $45. That means much more of the deficit will be taken care of. Nothing will be added to the deficit. The fact that oil is much higher than they budgeted for is great. It's a surplus. That's also going to help them with the foreign currency reserves...these are positive steps going in the right direction...
...things are looking good. It looks to us that finally some type of agreement is going to be finalized between Erbil and Baghdad. That's going to help with the '21 budget. I love the fact that they're increasing the budget from $42/barrel of oil to $45. That means much more of the deficit will be taken care of. Nothing will be added to the deficit. The fact that oil is much higher than they budgeted for is great. It's a surplus. That's also going to help them with the foreign currency reserves...these are positive steps going in the right direction...
RamblerNash- GURU HUNTER
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Ponee- Admin
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Join date : 2011-08-09

» Guru Pimpy: "just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves..." (Is Pimpy Backpeddling From The "RV" He Bosted About? LOL) 10/14/21
» Guru Pimpy: "The more it increases its foreign reserves the stronger it helps with their Iraqi dinar" (Except When They Keep Increasing The Money Supply! Pimpy...Check On That, Will You? LOL) 10/30/21
» Guru Pimpy: "I'm just saying if it does that is the rate it appears to be - $3.22" (Oh? Do They Have The Reserves To Cover All The Dinars They Have Outside The Banks? LOL) 12/20/21
» Guru Pimpy: "These oil rich nations have very valuable currencies" (And They Are All Pegged And Have Different Amounts Of Reserves Backing Them LOL) 7/19/21
» Guru Pimpy: "If they really want to boom an economy get people back into work, they're going to have to change the rate of exchange" (Devaluation Attracts Foreign Investment And Creates Jobs. What An Idiot! LOL) 8/29/21
» Guru Pimpy: "The more it increases its foreign reserves the stronger it helps with their Iraqi dinar" (Except When They Keep Increasing The Money Supply! Pimpy...Check On That, Will You? LOL) 10/30/21
» Guru Pimpy: "I'm just saying if it does that is the rate it appears to be - $3.22" (Oh? Do They Have The Reserves To Cover All The Dinars They Have Outside The Banks? LOL) 12/20/21
» Guru Pimpy: "These oil rich nations have very valuable currencies" (And They Are All Pegged And Have Different Amounts Of Reserves Backing Them LOL) 7/19/21
» Guru Pimpy: "If they really want to boom an economy get people back into work, they're going to have to change the rate of exchange" (Devaluation Attracts Foreign Investment And Creates Jobs. What An Idiot! LOL) 8/29/21
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