Pimpy

They haven’t passed a budget fully yet.  We know it’s in their hands.  We know they’re discussing it…I think they’re really just waiting to find out what’s going to happen […]

They are talking about increasing the value of the United States dollar over the dinar.  The opposite direction we wanted to go.  I told you there was talks about this […]

Iraq has taken all the necessary steps to get the Iraqi dinar back on track.  I understand it’s taking a long long time and I’m sure you feel anxious about […]

Movie Quote: “Dude if you buy $100,000 worth of dinar and it goes to the value of the Kuwait dollar you’re looking at $300 million…”  I don’t know if you want […]

Article:  “Within days.  Business is confused with expectations of higher dollar exchange rates in the parallel market” Whenever you close off the selling of US dollars on the auctions you’re going […]

There’s no indication out there at all, nothing being said that indicates the Iraqi dinar is going to increase in exchange value.  But there is talk about exchange…Suspension of the […]

Article: “What are Iraqis waiting for after the news of the ‘sudden suspension’ of the dollar  sale platform by the Central Bank?”  That is a big deal by the way.  They’ve […]

Article quote: “Sudden Suspension of the dollar sale platform by the central bank…will not affect local markets from the dollar exchange rate but there are those who try to broadcast […]

No it’s not going to jump to floating right away.  That’s not going to happen.  They can’t afford for the currency to crash.  They can’t afford for the economy to […]

Community comment: “They’ve said themselves [the dinar] is going to be stronger than the dollar.  JP Morgan Chase’s CEO said Iraq is going to be the savior of the world.”  That’s […]

Iraq continues to move in a positive direction.  Let’s hope this continues.  For me I’m happy about being invested into the Iraqi Stock Exchange.  Long term I think that’s going to […]

Hydrocarbon law – I’ve been talking about this forever…What does the hydrocarbon law have to do with the exchange rate?  [Other gurus] are not being very specific.  They don’t tell […]

Let me tell you what I think about how everything is going to affect this investment in Iraq.  Trump already told you, they’re going to drill baby drill.  When he spoke […]

They’re still struggling to find the right formula to close that gap between the parallel market and the official exchange rate which is going to be really hard to do […]

Real Effective Exchange Rate – that is not the nominal exchange rate that we see.  The one we watch is called a nominal exchange rate.  We get 1307 dinar for […]

There is no contract rate.  There is no redemption center.  Once [the dinar] is no longer sanctioned and they’re back on the Forex and they’re trading and banks are no […]

As soon as Trump won the presidency we all know he heard from 77 different world leaders…When he got on the phone with the Iraqi leader al-Sudani they took an […]

There’s all kinds of rumors from these telegram groups that they are seeing people who have their currencies being exchanged.  That’s just false.  As a matter of fact, your reaction […]

The first thing that’s going to happen, there’s no doubt about this, is going to be the deletion of the zeros before they change the exchange rate.  I’m not saying […]

Look what’s back in the news, deletion of the zeros.  Article:  “Delete zeros and evaluate the dinar”  The deletion of the zeros is a redenomination that’s a whole separate situation than […]

People are always trying to predict when is the exchange rate going to change.  IMO you’re not going to see any exchange rate change until they feel comfortable and they […]

Iraq has made huge progress in reforming their country, especially the banking system.  It’s moving along really well.  The economy is staring to grow.  There’s a lot of projects they are […]

It’s not going to free float.  For now it’s going to be a fixed rate.  I know everybody’s excited to get to that free float rate.  I hear you.  When it […]

Trump is going to start flooding the market with oil.  We are going to be an exporter of energy…How does that affect Iraq?  They’re not going be able to meet that […]

Article “A turning point for fiscal policies.  What after the cancellation of the dollar traffic monitoring platform?”  Quote “This decision is expected to lead to fundamental changes in financial transfer mechanisms and […]

I have no doubt Trump is going to want to do this [a peace in the Middle East deal with Sudani] as quickly as possible so it shouldn’t take very […]

I’m sure you’ve already heard about the phone call between Sudani and Trump, so there’s some good things coming down the road for Iraq… Article:  “Sudanese and Trump agree to […]

The dinar is not going to happen today or the next week as far as I know but this is a pretty big step [the restrictions removed from foreign currency exchange] for them […]

  I never said it was definitely going to happen one way or the other [Drop the zeros off the currency before they change the rate or after].  What I’m saying to you […]

We know Iraq relies too much on oil revenues for their money.  At one time 96% of their budget  relied on oil.  I think it’s down to 89%.  Doesn’t sound like […]