Pimpy

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…

As you’re aware Iraq has some issues with protesters charging the US Embassy.  I’m glad it has not escalated. Iraq has been doing a great job about staying out of all these […]

Unfortunately it is everywhere.  Protests are happening in Jordan, Turkey, Iraq…For those of us invested in the Iraqi dinar we’re definitely paying attention to what’s going on over there in […]

Article: “Iraqi authorities close Green Zone gate amid Shiite protests over Nasrallah’s  assassination”  Things are so bad Iraq has now had to close the green zone.  We haven’t heard about them […]

  Article: “Thousands of protesters trying to storm US embassy is Baghdad after Nasrallah killing”  Iraqi protesters are trying to storm the US Embassy in Baghdad…How does that affect Iraqi dinar […]

They don’t plan on removing any zeros at the moment.  Although my feeling is they will remove the 3 zeros and then change the exchange rate.  What I’m hoping for […]

 Kuwait is not the same damn thing that’s happening in Iraq.  Iraq’s money is inflated.  Kuwait never had to inflate their dinars.  They never had large bank notes like Iraq does.  […]

  [Response to Guru Markz post 9-23-2024 below]  They’re not doing exactly the same thing they did in Kuwait…Iraq has 25,000 notes.  Kuwait never inflated their money.  They never had to.  […]

Don’t be discouraged.  Everything is on track.  Iraq is doing what they need to do to get out of  trouble.  Leaving the 3 zeros on puts a smile on my […]

I want the same thing you do.  Trust me, I would love nothing better to wake up in the morning and find out that the zeros are still on the […]

PROFESSOR Continued:  Reduce their dependency on the dollar.  PIMPY:  At the beginning of this year they were not supposed to use the US dollar anymore.  PROFESSOR:  …Focus on diversifying its economy beyond oil […]

Question: “What does Iraq need to do right now to reinstate their old rate of $3.22?”  Professor Boskin [of economics] graciously shared the following information which I am pleased to […]