Pimpy

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 […]

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 […]