Pimpy

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 […]

   I hold millions of dinar and people act like I don’t want the $3.22 exchange rate with the current currency, ‘No, Pimpy doesn’t like it.  He doesn’t believe in it.’  What […]

 Can the Iraqi dinar get as valuable as a Kuwait dinar?  Of course it could.  There’s a lot of hurdles there.  Are they [Iraq] going to be reinstated?  No.  Two different stories.  The invasion […]

Does Iraq have the ability to be similar to what Kuwait has?  Of course it does, but they got a long way to go…When I first started talking about the Iraqi […]

Does Iraq have the ability to be similar to what Kuwait has?  Of course it does, but they got a long way to go…When I first started talking about the Iraqi […]

You can still see Iraq is taking the steps necessary to deal with corruption, update all their systems so they can keep better track of things and continue down the […]

What is the difference between a mixed economy and a market economy?  In a mixed economy the government plays a more active role in regulating and controlling certain aspects of the […]

Deleting the zeros off the currency will not change the price on the ISX [Iraqi Stock Exchange].  Changing the exchange rate will have an impact on the ISX.

If we went from where it is now at .00077 all the way up to $3.22, you’re looking at a 4,180% increase in value.  The largest amount a currency ever […]

 Does Iraq have the potential to have a more valuable currency than Kuwait?  Yeah absolutely…They have way more resources.  As a matter of fact…Iraq is in the top 5 worldwide for […]

 We’re staying grounded…about the possibility of getting a huge payday.  Remember it’s only a possibility, just like there’s a possibility they could re-denominate before they change the exchange rate…Re-denomination has […]

People are pissed at me because I’m telling them of the possibility they should at least be aware of…What I’m talking to people about are the possibilities in the directions […]