Pimpy

  Question:  “Can you give us more details to some of us who don’t quite understand the deletion of the zeros…?”  Here’s where people get pissy because there’s an article […]

I think you’re going to start seeing the dinar go up in increments.  That’s just my opinion and my feelings.  As they continue to get their ducks in a row. […]

Question: “When you say, managed float, if it hits Forex tonight and comes out let’s call it $0.22…if that thing shot up to $1.00 in 24 hours are they going […]

 Question: “What’s the difference between a dirty float and a managed float?”  You have a fixed rate like we have now… where they come out and say you get 1320 dinar for […]

What is that exchange rate?  12 Iraqi dinars for every $1.00.  I think I have 4 million dinars.  Divide by 12…that means I have $333,5000.  That’s what I get when I […]

Here’s the thing that everybody is missing.  Article:  “Government adviser announces entry into force of 2024 budget”  Quote: “…the exchange rule 12/1 does not currently exist under the Financial Management […]

  Community comment:  “They can change the rate anytime they want…”  They can change it anytime they want.  They have the ability to do that.  The reason why you do it at […]

Article:  “The central Bank determines the entities covered by obtaining their remittances in dollars starting Tuesday”  As we all know…Iraq decided to de-dollarize.  They’re no longer going to use the […]

Article “Iraq is ranked 4th in the list of the most dynamic countries with foreign investment“   quote “Iraq ranked 4th among 10 countries with the growth of foreign investment momentum until 2024 with […]

  Looks like Iraq has put their ducks in a row.  They’re getting ready to start the new year of 2024 doing exactly what they said they were going to do – […]

Community comment “Pimpy last month said he believed the dinar will revalue in 3 years so I  stopped listening…”  I didn’t say it was going to revalue in 3 years.  I said […]

  You guys keep forgetting they rely way way too much on oil revenues for their budget.  That has got to change before you can really make any major changes to the […]

Article:  “Parliament is awaiting the 2024 budget schedules…preparing for major changes in numbers”  Remember I told you if they’re going to make any kind of change to the exchange rate it […]

There’s no float.  It’s fixed 1320 for every dollar.  Once it ends up on Forex then you’ll see a float.  Most likely it will be a managed float where if […]

 As we close out this year Iraq continues to take steps in a positive direction.  Let’s hope this continues.  You guys keep asking about a rate change at the beginning of […]