Pimpy

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 […]

Article: “Iraq’s accession to the European Bank for reconstruction and development”  This is another step for Iraq to start working with the International community.  This shows outside investors how serious Iraq […]

  The gap between the official and the parallel market exchange rates…is starting to get smaller.  Remember they have to be within 5% consistently for a length of time and it […]

[The dinar] is a good investment. It’s going to take a little time.  I know some of you’ve been in this for 20 years.  I understand that.  There’s no doubt.  […]

The official exchange rate, that’s the one we want to change but surely wouldn’t want it to change with new re-denominated currency with the deletion of the zeros.  I want […]

If they’re going to do a re-denomination and a reevaluation at the same time then I guarantee the notes they’re going to use are going to be the lower denominations.  […]

Think about it.  The current Iraqi dinar of 25,000 dinar – they delete the zeros off, now becomes  25 dinar and then all of a sudden they change the exchange […]

   [Response to Guru Jeff’s budget/ exchange rate posts 3-19-2024 below]  They are going to amend the budget with or without a rate change.…Does it make sense for you to release […]

Deleting of the zeros means a re-denomination.  Article quote:   “The Iraqi government is currently weighing the question of changing the currency…”  CHANGING THE CURRENCY.  It didn’t say exchange rate. What […]

Vietnam became the 150th member of the World Trade Organization back in 2007…with the same icky exchange rate.  Not only that but…Vietnam is currently trading on the Forex…In addition to […]

 Everyone is excited that Iraq has completed all the requirements to join the World Trade Organization but the bigger question is what’s next for Iraq?  …There’s this impression going on […]

I warned you guys about this…that if you get together in a group you can negotiate a different rate.  No, no you can’t.  That’s false.

Everybody thought Iraq was at the end of becoming a member with the World Trade Organization…Come to find out they’re just barely at the beginning stages.  What does this mean for […]

If you go to 1.32, it actually comes out to $0.76. So if I take my 5 million dinars times $0.76 oh yeah!  $3.8 million, we’ll take it!  But…if this […]

People always think I’m being negative about the Iraqi dinar.  I’m not.  I’m trying to make sure people are grounded…I tell you guys this is what we need to look […]

I was hoping you guys caught this part of this paragraph… Article quote: “The Iraqi government is currently weighing the question of changing the currency.”  That should have told you […]

It [the article] doesn’t say the exchange rate is $1.32, more likely what it is Al-Sudani will change the exchange rate where you can buy 132 dinar for $1.  That’s […]

The Coordinating Framework is trying to remove Al-Sudani.  The political scene is going to be very unstable.  If Maliki does his job and cause protest that means the country is […]

 Article Quote: “The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1,32 Iraqi dinars instead of […]