Pimpy

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 […]

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…