Pimpy

Question:  “If thy delete the zeros will our dinars drop in value?”  If you’re in Iraq you don’t lose any value…People who are invested in the Iraq dinar…EXAMPLE:  Let’s pretend like the […]

[Response to Breitling post below.]  To strictly say the sole reason they added the three zeros to the Iraqi dinar is policy based inflation is not accurate.  Yes, it was the […]

 People still continue to claim a re-denomination or the deletion of the zeros is somehow different than a LOP.  It’s not.  It’s the same thing…

We all want the same thing.  I’m telling you we do.  Would I love for the rate to change to  $3.22 per dinar?  Would I love for them to keep […]

What Iraq is preparing to do is delete the zeros off the currency.  That’s not what we wanted but that’s what going to happen…Everything has to do with what’s good […]

I told you guys it’s called a re- denomination, a lop, the removal of the zeros, the deletion of the zeros, reducing the zeros, it’s all the same thing.  Quote:  […]

People are still asking about the deletion of the zeros.  They want to know how that’s going to change the exchange rate…April 28, 2011 Article “Iraq plans to change currency:  […]

Community comment: “I believe there’s an article by Dr. Shabibi stating when the new currency does come out both currencies will coexist for up to 10 years…”  Yes it was said […]

Al Sudani when him and his delegation was here to say they were busy would be an understatement.  Did you see all the meetings?  Meeting with the president, Secretary of State, […]

  Question:  “What are the proper notes to hold for investment purposes?”  Any of the currency is okay to hold at the moment so there’s no specific denomination.  If they do delete […]

Article:  “Parliament’s finance advises raising exchange rates again.  Money about oil revenues?”  They are talking about changing the exchange rate to 1500 for every dollar.  That’s the wrong direction.  We don’t […]

Question: “So you’re telling me we should sell our dinar because it’s about to lose us a lot of money?”  I’m saying we don’t know what’s going to happen.  There’s a […]

Article quote:  “Removing zeros off the Iraqi Dinar can indeed impact liquidity issues in Iraq.  By re-denominating the currency and removing zeros, the Central Bank of Iraq aims to reduce […]

What is the deletion of zeros of currency?  An action aimed at increasing the nominal value of money.  Nominal value, NOT the exchange rate. Re-denomination, that’s what this is.  What is lopping […]

Really  great news came through today… Article “After 21 years of dollar actuation Iraq is approaching the window closed amid reassurances and warnings”  Iran was using Iraq’s currency auction to […]

Community Comment “When Donald Trump was president he had an interview on national television  with Laura Ingram and he said to the nation just how much dinar currency the United […]

  There’s more than just paying attention to what’s going on in Iraq.  When your own country is trying to provoke World War III it makes it a little hard to focus […]

[In a LOP]  The only thing that changes is the bank notes themselves…You’re not changing the value of the currency.  A 25,000 dinar is going to have value as a […]

Iraq is right on track to do some great things.  They’re going to continue to do that.  Let’s get this coalition forces out of there plus the United States military, which […]

The more they get their sovereignty back, they’re already on the Swift system, they’re working their way through the World Trade Organization, it’s just a matter of time before they […]

My gut feeling is they’re going to re-denominate and then change the exchange rate right after that to where it should be, somewhere around $3 and something cents per dinar.  […]

Nearly everybody [In Iraq] earns less than $2,500/month.  75% of the population makes less than $770/month.  50% of them earn $540/month or less.  And 25% of them earn less than […]

There still seems to be some major confusion about what a real effective exchange rate is versus an actual nominal exchange rate…A Real Effective Exchange Rate is for assessing its […]

I read this book [Quest For Good Money]…I kept playing with the numbers, reading my ass off…This is the formula they use [to determine the exchange rate]…The person that wrote […]

Tony Greer: There is No Bubble In Gold   Palisades Gold Radio:  4-10-2024   Tom welcomes back Tony Greer from the Morning Navigator to delve into the various market trends […]

 The average dinar holder only holds 250,000 dinars…

Question “Do you think Iraq’s government is sovereign?”  To some degree yeah, but no.  If that were the case Iraq wouldn’t have to keep sending their budget over to us to […]

People have been asking about how much dinar does the International Monetary Fund hold…or World Bank…or World Trade Organization or US Treasury…There is no proof in writing anywhere that the […]

For those of you thinking that all of a sudden some ‘Real Effective Exchange Rate” is coming along and then all of a sudden the value of the dinar is […]

You guys are still saying the LOP and the deletion of the zeros are two separate things.  It’s the same damn thing…LOP, the deletion or the zeros, the removing of […]