Pimpy

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 […]

This is my one and only concern.  We got freaking elections coming up again.  I’m hoping Al- Sudani is out there making his pitch for people to keep him…Sudani has been […]

  Article: “US dollar exchange rate significantly declines in Iraq”  That’s what you want to see happen.  You want the Iraqi dinar to increase in value versus the United States dollar…This […]

 With all the gold and all the foreign reserve assets have been built up, they’re able to protect the dinar value which is a huge step for Iraq.  Which is what […]

The deletion of the zeros…if they do it that way [zeros dropped BEFORE the rate change] it’s going to be the redenomination.  They’re going to announce a new type of currency, […]

   [Lifting restrictions on currency exchange in Iraq]   You understand if they lift these restriction they’re talking about the amount of liquidity that’s going to come into Iraq?  Liquidity has always […]

 Iraq without a doubt is trudging forward but now here we go.  We go election season coming up.  We really have to cross our fingers and see what happens because the […]

[Reference Guru Nader post below]   It [The dinar on Forex] went from 1320 to 745 for every dollar so that’s 54% increase in value.  Woo!  Man that’s really good.  It’s not where […]

Community Comment: “Iraq just got licensed for foreign currency exchange.”  Back in 2004 they were licensed for this but there was a shitload of restrictions…A lot of those restrictions are […]

Article:  “Credit Bank of Iraq achieves a profit of 20.4 billion dinars”  This article is definitely a very good one for those of us who are invested in the Iraqi […]

What is Iraq’s Hydrocarbon Law?  …Iraq Hydrocarbon Law also known as Iraq’s oil Law is aimed to create a legal framework for the management of oil production and revenue sharing amounts […]

 The difference between the exchange rate and the effective exchange rate is this:  An exchange rate is a price at which one currency can be exchange for another.  It reflects the […]

I was expecting it to go up in increments over time and it’s not working out that way because they were really moving in the right direction.  Things were going […]

  The difference between Kuwait and Iraq is…Saddam Hussein printed so much money that their dollars were super inflated.  They had to add zeros to their currency…Kuwait didn’t add any […]

The Kuwaiti dinar has always been the same denominations.  Nothing has changed.  When Iraq invaded Kuwait…you had quarter…half…one…five…ten…twenty.  After Iraq was chased out…Kuwait just redenominated their currency.  They changed the way […]

When they keep talking about returning to the ‘glory days’ they didn’t have inflated dollars.  [Iraqi citizens] weren’t running around with 25,000 or 50,000 dinar notes.  They were running around with […]

When we’re trying to judge where the Iraqi dinar is, we’re talking about where it is right now.  But wait, there’s other things out there that would benefit the Iraq […]

Article: “Customs: Our revenues during 7 months of this year exceeded one trillion dinars”  This is awesome to see!  The crazy thing is, I remember in 2018-2019 this was one of those […]

Article: “The International Coalition officially announces the end of its mission in Iraq within 12 months”  It must be that time of the year…Every year they say the same thing, within […]

There’s a lot of reforms taking place and a lot of great changes happening in Iraq…Just hang tight.  Just wait for them to change…