Pimpy

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 […]

I just read an article not that long ago that said oil sales are now 89% of their budget which is good.  Remember it was 96% of their budget…Iraq is […]

  I’m not saying they’re going to devalue the currency right now.  What I am saying is if they stay below $70 [per barrel of oil] for the medium term, you can […]

All kinds of changes happening over in Iraq.  People have been bombarding me with questions.  Let’s go over this because this is something I mentioned earlier and then again I’m […]

 First and foremost stabilizing the exchange rate is really important.  There’s a lot of people out there that want the Iraqi exchange rate to change.  You have to stabilize if first […]

For almost like a good six, seven eight months there’s all this hype, it’s going to change tomorrow, it’s going to change tomorrow because there was so much talk about […]

They have to do something about that parallel market.  The reason why it’s so successful is because people prefer to get the US dollars if they can.  If businesses and […]

Article:  “The parallel market will be overturned.  Sources: Upcoming decisions from he central bank that will confuse the markets and raise exchange rate.”  It’s interesting they don’t say which exchange rate…  Quote:  […]

Article:  “Inflation in Iraq slightly increased in July”  Article quote:  “Inflation in Iraq reached approximately 3.7% in August of 2023 compared to 4.4% in August of 2022 despite the rise […]

Article:  “Iraq halts plans to cut zeros off dinar currency-cabinet”  Article Quote:  “Iraq has over 3 trillion Iraqi dinars in circulation.  Plan to trim zeros not seen as priority.  Iraq has […]

 A redenomination is not going to take place anytime soon it looks like.

Article quote:  “Saleh said in a statement…he ruled out the government currently removing zeros.  Noting the removal of the 3 zeros from the currency is not related to the value […]

    No, there is no ‘in-country’ ‘out-country’.    It’s the same everywhere.

A few days ago an article come out, “Two conditions for achieving it. Sudanese adviser rules out removing 3 zeros from the coin” My fingers were crossed and I was […]

Article: “The Iraqi Central Bank announces the results of his visit to New York: A high ranking  delegation negotiated with the US Treasury”  There will be another big meeting by the end […]

If you’re planning on retiring sometime this year because of the Iraqi dinar exchange rate, well put a hold on your plans for just a little bit until we get […]

Until you hear otherwise just assume Alaq has submitted his resignation letter and has not put a date yet as to when his last day is. There are too many […]

On July 11th it was $84.69 per barrel of oil.  As of the 6th of August it had dropped down to $76.17 per barrel…It is now $79.66 per barrel.  This […]

If it could be proven that [Alaq] was involved with some criminal activity…then he should be out of there and convicted…But if it’s all bullshit and this is another one […]

We know pretty soon Iraq is going to be here and talking to people in Washington about what they need to do to get back into good graces, have sanctions […]

 Should he stay or should he go?  There’s a lot of rumors and stories out there about Alaq resigning or him being pushed out because of his age, it’s time for […]

There’s no rate exchange out there that’s even above $3.50, nowhere out there, not even the Kuwait dinar…$3.25…I think theirs is the most valuable so how is somebody going to […]

Iraq is still treading forward.  I’m curious to hear the news about what’s going on with Alaq and what they find out because what they’re reporting is not all peaches […]

Article: “Urgent Central Bank Governor: No direction to reconsider dollar exchange rates and we are going through a major transformation process”  They have no intentions on changing the current exchange rate.  […]

Alaq, all kinds of crap coming out about him…Seems to me they were hip to what was going on damn near a year ago and this would explain whey there’s […]

The Central Bank of Iraq was forced to allocate an entire floor to the US Treasury department to  monitor money transfer operations and prevent any illegal activities.  Talk about a very […]

Article: “The Governor of the Central Bank of Iraq resigns”  He’s pressured out.  There’s all kinds of crap happening…he was behind some shady things and it looks like now he […]

It [the Iraqi dinar] is going to go up in value.  There’s no doubt about it.  But how they go about it is something totally different.  Is it worth the investment?  I […]

Community Comment: “Why do you think Iraq has been dragging its feet?  It’s because Iraq has been FIGHTING to RAKE IN all the dinar that is OUTSIDE THE COUNTRY!  Once they […]