Pimpy

 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 […]

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 […]