Pimpy

Iraq is transforming in a very quick and powerful way is great news…The fact they’re able to accomplish all these projects and there are a lot of huge projects being […]

There seems to still be some confusion about the official exchange rate versus the real effective exchange rate… comments like “When they get to the real effective exchange rate” or […]

 [Post 1 of 2……]     Question:   “How are changes to the Iraqi dinar going to affect the Iraq stock market?”  3 or 4 years ago there was a group […]

On the one hand this [Closing Iraq’s DFI in the United States] is a big step for Iraq.  They now have control over their own funds and they can make […]

Nobody knows how much dinar the US government has.  Nobody does.  You can speculate all you want.   You don’t know ho much dinar they actually have.

 Article: “Iraqi economy faces threat as US closes oil revenue account”  This latest move by the United States is something I’d be a little concerned about…Why the hell would you […]

   The only thing left is to remove the troops out of Iraq.  No more coalition forces…US military, get them out of there.  Then Iraq would have full sovereignty.  It is exciting.  But […]

Pimpy      [Post 1 of 3….]   The protection of Iraq’s assets and funds were because you had tons of individuals…companies and corporations…nations going after Iraq for one reason or […]

Question: “Do you think the war is finished with Iraq or not?”  Because the war powers are still available to Biden, technically the war is not ended there…Until the war powers […]

…If the Iraqi dinar is re-denominated, that’s when they LOP off the zeros, delete the zeros, reduce the zeros, remove the zeros, call it whatever you want, they’re all the […]

Re-denomination, that’s only removing the zeros off of the Iraqi dinar.  That’s much more different than increasing the exchange rate of the Iraqi dinar.  Two different things…

Article: “The Minister of Finance and the World Bank are discussing support for the economic and financial reform program”  Usually in the past I would say yeah, that all sounds […]

Did we hear this rumor correctly?  Did Iraq find a replacement for oil? …It’s been under their feet the whole time…What do you suppose that would do for their economy […]

Community request  “Please tell us about the smaller notes, 500s, 250 and 50s. Will they be a throwaway?  What is the good and bad of them?”  If they do a re-denomination there won’t […]

It really looks good for the future of Iraq.   Outside of the corruption that’s in the government.  If they can stay on the path, Al-Sudani gets a clear path to […]

 Community Comment:   “It’s the exchange rate.  I don’t know where they get taking zeros off the bills.”   Every study out there that talks about the deletion of the zeros tells […]

Community Comment:  “I printed this executive order out and took it to my my bank manager.  She agreed that executive order make the dinar tax exempt.”  Your bank manager is […]

  Where did anybody get the information that the Iraqi citizens were going to be paid for the hydrocarbon law? …I’ve heard that rumor so many times and still to […]

We’re dealing with two different things… We have what’s known as the nominal value, which is the numbers on the bank notes and then we have an exchange rate value.  […]

This is [from] the World Bank data bank – Real Effective Exchange Rate is the nominal effective exchange rate in measure of the value of a currency against a weighted […]

The IMF, WTO, World Bank and whoever don’t have a say whether or not Iraq LOPS off their zeros.  That is decided by the Central Bank of Iraq as well […]

When they re-denominate all currencies are going to have a new look.  Most likely what you’re going to see is the same thing you see here in the United States.  […]

Surprise!  I literally just a couple months ago was looking up the steps Iraq has to take in order to get back on the Swift system and it listed everything […]

Community Comment:  “George Bush once stated the war will eventually pay for itself.”    Nope that was Paul Wolfowitz.   He worked for the Bush Administration but it was not George Bush […]

Iraq has now joined the World Free and Special Economic Zones Federation.  The other day we read an article about the Europenan Union’s reconstruction bank that Iraq has joined.  This […]

People keep taking about the $3.22 rate.  In their minds they keep thinking, ‘Oh yeah, the $3.22 rate when Iraq had 25,000 notes.‘  No. That’s not the case.  That exchange rate […]

People always say, Oh, you know, President Bush said the Iraqi dinar will pay for the war itself.  No, what he said was Iraq would pay for the war itself, […]

One of those myths that are out there…Executive order 13303…If you’re a new persons investing into the Iraqi dinar you will hear…we’re allowed to invest in Iraqi dinar because George […]

Community Comment “Pimpy needs to understand outside investors of Iraq have absolutely nothing to do with project to delete the zeros.  Our 25,000 note will be 25,000 note in America.”  I’m […]