Pimpy

The news continues to be good for Iraq.  This is what we want to hear.  We love that they’re  continuing with the reforms as well as aiming to improve the […]

Does that make sense to you?… No, once the re-denomination takes place it’s worldwide.  You might still have the old notes…but you’re not going to be able to exchange 1,000 dinars […]

  Once a country re-denominates, they don’t just recognize the re-denomination in country.  It’s recognized throughout the world…Does it make sense that they’re going to have a different rate exchange in […]

Article: “Minister: Countries in the region want Iraq to return as a global economic player”  We are very aware Iraq is still moving forward with its process into the World Trade […]

 Community Comment:  “If you have the old note with all the zeros on them, the Iraqi bank is obligated to give you the rate that’s on their screen.”  They’re not […]

Community Comment “An old 1000 dinar will be worth $3.21 x 1000 dinar = $3,210.”  No it won’t.   Not at all.  They’ll just look at [your 1000 note] and know […]

Article: “International Monetary Authority:  Iraq increases its gold reserves to 148 tons“.  They added another 2.6 tons of gold to their holdings…I remember way back when Iraq had…86 tons and now […]

If you’d been holding on to your dinars for at least 10 years you have more than doubled your money. That’s not including any change to the exchange rate, because […]

Article: “Iraqi bank announces investment deposits with returns up to 10%” that’s a really good return…Imagine if 20 years ago you’d have made a deposit and been able to get […]

“Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation”  What is nominal value Pimpy?  The nominal value of currency is its current price or face value as printed on […]

Yes, an article came out again about deletion of the zeros… “Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation”  I keep telling everybody when they do […]

I keep telling people, the WTO will talk about the Iraqi exchange rate but not in the sense that they’re forcing or telling Iraq they have to change their exchange […]

It’s not the job of the World Trade Organization to handle Iraq’s currency exchange rate.  That’s not what they’re there for.   It’s called the World Trade Organization not the World Exchange Rate […]

 Article: “The stability of the exchange rate of the dinar against the dollar is real and firm” This is one of those big steps we have been looking forward to, […]

Article quote:  “The transparency provides a realtime reporting on the FITR platform can also enhance market confidence in the Iraqi dinar.  Investors and traders are more likely to trust a currency […]

This is big… Article Quote: “According to the latest data that is available, transactions through the central bank electronic platform have considerably increased with daily transactions reaching $200 million which […]

 Oh, this is big news right here, look at this, Article “Iraq’s non-oil revenues reach 11% for the first time”  Been talking about this for the longest time.  This has […]

 Article: “Nearly one trillion dinars of customs revenues in the first half of 2024”  This article is really good news as we are aware Iraq has to diversify their income […]

The IQD is not officially trading on the Forex right now because it’s part of their punishment, but it’s listed there because they had a pairing at one time just […]

 The IMF can’t force countries to do a specific exchange rate.  They can have input.  They can talk to a county about their exchange rate but each country is sovereign.  They’re […]

Be careful of the hopium.  I said this and I’ll say it again, the value of the Iraqi dinar will increase but there’s a possibility it might not happen the way […]

Community Comment:  “The CBI is going to wait until they’re forced to increase their purchasing power.”  No.  The CBI is going to wait until it’s necessary to increase the exchange rate.  […]

 Question:  “Can someone please explain why Pimpy is in this?  Does he or does he not believe in the RV?  I’m Pimpy and I can answer that question.  Do I believe […]

July 18th is going to be good.  They get to go there, meet with the World Trade Organization.  There’s going to be information and reforms and requests made by the WTO […]

  Community comment: “July 18th is the next meeting [between WTO and Iraq], they need to RV before then”  No they don’t have to RV.  People keep associating the RV with […]

Article quote:  “In the face of the strength of the official central exchange market the exchange rate of the dollar to the dinar in the parallel market today in our […]

Question: “So you’re saying there will not be a reevaluation?”  I never said that.  That’s one of  those fake rumors that are going on around about me, that I said […]

Article quote: “Saleh showed in the news that the fixed exchange rate system in Iraq is based on the international reserve base that is the highest in Iraq’s history and monetary […]

  Are you going to tell me July 18th is coming up Pimpy…They have to change the exchange rate in order to be a member of the World Trade Organization.  As […]

Question: “Is the exchange real?”  The exchange is real if you’re talking about the currency.   It’s a legitimate currency.  Right now you can get 1320 dinars for every $1.00.