Pimpy

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 […]

The year is winding down.  I would say Iraq did pretty good despite all the BS that’s going .  We are looking forward to 2024, hopefully with a lot of […]

Iraq has taken the necessary steps to strengthen the Iraqi dinar.  We know there’s restrictions on the amount of money Iraq is receiving from the US.  But doing that has put […]

    We know they are going to do away with using the US dollar the beginning for 2024.  Let’s see how this effects the Iraqi exchange rate. Like I anticipated this should strengthen […]

 Article: “Advisor to the Sudanese:  We aspire to end of the parallel market for the dollar in the coming days”  We know they’ve been talking about that now for quite […]

  2014 IQD experienced another devaluation.  This time it was due to the decline in oil prices and conflict with ISIS.  The currency lost about 15% of its value against the […]

The funny thing is I would take that right about now because I have about four or five million Iraqi dinars. If it jumped up to $0.31, woo, I’d be […]

   Iraq has experienced multiple devaluations and revaluations of the currency…From 1988 to currently where we are these are the major events that affected currency.  1988 the IQD as introduced.  This […]

  You’re not going to see new currency come out.  Not yet.  And you’re not going to see them change the exchange rate.  Not yet.  Remember they put together a 3 year […]

  If they’re going to make a change at all it’s going to be happening at the end of this month or at the beginning of next month.  It’s too expensive, […]

Remember the goal is to become a cashless society…Just because they’re doing away with the US dollar has nothing to do with them changing the Iraqi exchange rate.  I did […]

 With them taking away the US dollar there’s some logic to…an increase in Iraqi dinar.  Will they?  You’re not going to see them go 1 for 1…  Nothing would make me happier than […]

    Article:  “Launch of the third annual scientific conference on economic challenges and reform in Iraq”  This part is very interesting to me.  Quote:  “Restructuring the general budget”  Why would they […]

What the IMF is saying is really good.  But, no, the exchange rate isn’t going change tomorrow.  It’s just another step in the right direction for Iraq…

Iraq is still taking the steps necessary to stabilize their economy, stabilize their currency, give value and strength to the Iraqi dinar.

Article: “IMF expresses optimism about non-oil financial growth in Iraq”  This is a major must for Iraq.  They need… non-oil financial growth…They can’t get to this fast enough.  They can’t […]

I get it there are people out there telling you it’s going to happen overnight because they have an electric payment system.  No, no they’re not going to change your […]

  Question: “Is Iraq part of any currency basket?”  No…They have not been invited to be part of any currency basket.  Iraq is part of the currency basket that makes up the […]

Definitely looks like reform is well on its way with the banking system. Let’s hope this continues.  It looks like there’s a lot of agreements that the US will hold their word […]

  Question:  “Does this electric payment system have anything to do with the Iraqi dinar exchange rate?”  Installing it is not going to make the exchange rate change but, what it does […]