News, Rumors and Opinions Thursday 12-10-2020
TNT:
Netglobal: It is reported that the IMF is going to update the exchange rate of the Iraqi dinar before the end of the fiscal year. Wondering if that is true and if it is does that mean the update will be at least 1:1
Montana Coach: what has been said on the calls the budget figure was calculated at $41.00 per barrel and since now the rate is $49.00 to $50.00 they do not need a new budget they just are deciding what to do with the excess. Also the 1:1 thing and or the in country rate in a way really has nothing to do with us and the exchange rate we will see.
Par: Has anyone been concerned that they drop the three zeros and then change the echange rate without the zeros?
Toolman: dropping the three zeros is "IN COUNTRY" only. It will not affect us at all.
MontanaCoach: Don't compare apples and oranges. Dropping 0 notes has nothing to do with outside of the country. Their improved ability is that they will be able to buy so much more for way less Dinar. Example a loaf of bread (purely hypothetical) cost $15,000 dinar now! After RV it cost $1.50. Hence their situation is much better.
Annie68: I think this is our last broke week!!
Harambe: iMore: Apple's AirPods Max made in Vietnam as China withdrawal accelerates
(12/10/20)
A new report says Apple's AirPods Max are being made in Vietnam, indicating an acceleration of its withdrawal from China.
According to DigiTimes:
Apple's freshly unveiled over-ear headphones, the AirPods Max, are manufactured by China-based Luxshare Precision Industry and Goertek, according to industry sources.
The Chinese makers beat Taiwanese rivals to the AirPods Max orders, even though Inventec Appliances had reportedly participated in the early development of the device, said the sources.
Inventec Appliances, a primary manufacturer of the AirPods Pro devices, declined to comment on specific clients. But it said it would actively develop diverse product lines catering to the needs of different clients and meeting its diversification strategy.
DigiTimes says that sources indicated both Luxshare and Goertek are producing AirPods Max in Vietnam, further signifying that Apple is "accelerating the relocation of its related supply chains out of China."
The report also says that the number of iPhones made in India by both Foxconn and Wistron is also increasing.
Apple started diversifying its supply chain earlier this year, driven in part by the global pandemic which decimated its operation in China. One clear winner is India, which has seen the onshoring of lots of Apple manufacturing, in part driven by generous government subsidies. Earlier this year it emerged Apple's iPhone 11 was even being made in the country, the first time a flagship iPhone had ever been made outside of China.
Last month it was reported that Apple had moved 9 of its 11 iPhone manufacturing units from China to India.
https://www.imore.com/apples-airpods-max-made-vietnam-china-withdrawal-accelerates
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Courtesy of Dinar Guru
Guru Walkingstick and Intel Guru Frank26 Iraq is a trading hub. It's a financial trading hub first and foremost. Do you understand why they need to raise the value? This is what Donald Trump wanted Iraq to do for the Middle East. And the Middle East all agreed....Iraq is going to be considered a full developing nation upon full membership of the WTO. Doors will be busted down.
Frank26 Article: "Oil disturbs Iraq's 2021 budget: an expected update of the "dinar exchange rate" and amending the numbers to reduce the financial deficit!" ...it's an expected update to the dinar exchange rate. WHAT?!? Yeah, we amended the numbers of the financial deficit. WHAT?!? Oh my goodness! This is getting boring! ...this article is monstrous. This article is so powerful...
Pimpy Article "Negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar" Yeah I know, get excited. There's been a lot of talk. A lot of talk...Like I said, it's okay to pay attention to what's being said but we don't care about what they say we care about what they do and that's what we're looking forward to. And make no doubt about it all and I mean all arrows point to a rate change happening this year...
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