Pimpy

I want you to understand something.  Once the zeros are removed, it’s not going to be 25,000 x $3.22 or $4.25.  That’s not going to happen.  The zeros are going to […]

Be careful of all the articles out there that talk about the exchange rate.  It’s okay to talk about them, it’s another thing to get overly hype for them.  The […]

When I talk about lopping off the zeros, they’re talking about take it off the nominal rate [the numbers on the notes]… They’re not losing any purchasing power.  25,000 times the […]

Re-denomination is a process of changing the face value of banknotes, the face value.  So a 25,000 dinar becomes a 25.  A redenomination itself is considered symbolic as it does […]

Just like I said, Al-Sudani is not the prime minister yet…I heard all kinds of [people] out there saying Pimpy doesn’t know what he’s talking about, al-Sudani already won the election.  They […]

People have brought this to my attention… Article quote:  “Floating the dinar could stabilize automatically and the value in the distant future between 3.22 and 4.25 dinars to the dollar”  I had […]

[The dinar change] really depends on the outcome of this election.  We need al-Sudani’s people to get the most blocks.  But Maliki is tricky.  He’s very good at what he does.  His […]

Al-Sudani is very close to being the PM for a second term.  His group won the election but remember you have to form bigger groups with other blocks inside parliament.  […]

People are confusing nominal value and exchange rate.  There’s a difference between what an exchange rate is and what the nominal rate is.  The nominal value is the amount on […]

Everybody’s pretty excited about al-Sudani winning again…Make sure you’re careful.  People are claiming that al-Sudani is already the Prime Minister for a second term.  That’s not true.  He’s a leader […]

So far so good for Al-Sudani.  His people have won the largest blocks.  But now comes the tough part when the groups start negotiating with one another to become the true […]

Talk about a high and then a low.  We have one article telling it’s going to be between $3.22 and $4.25 and then there another article out saying they’re going to […]

Article: “Iraq’s PM Al-Sudani scores big election victory”  This is good new…It looks like the people that support al-Sudani have the largest blocks…This doesn’t mean Al-Sudani is guaranteed to have the prime […]

Article: “Central Bank Plans To Remove Zeros From The Iraqi Dinar”  It doesn’t say off the exchange rate.  It says from the Iraq dinar, from the currency, from the banknotes…They’re […]

Question: “Does Al-Sudani get chosen today?”  No.  What happens is we figure out which political party has the most ‘blocks’.  They will be in charge of the government.  They are the one […]

Quote:  “1000 Iraq dinar will become a 1 new dinar.”  This is the deletion of the zeros…All they’re doing is removing the zeros.  A 1000 Iraqi dinar becomes a 1 Iraqi dinar.  Quote:  […]

Here’s the article every one is loosing their shit over Article: “The Iraqi dinar without zeros:  The Central Bank of Iraq launches a historic reform”  Usually I come in and pee […]

Al-Sudani has provided the most stable political economy and investment environment Iraq has seen in a very long time.  In order for this to continue, al-Sudani needs to be put back […]

The hard part of everything that’s been going on with Iraq is coming up.  We have elections on November 11th and Al-Sudani is already making his pitch to be prime minister […]

If you bought your Iraqi dinar and it’s been less than a year, those are short-term gains.  If you had it longer than a year, then you have what’s called […]

Article: “US dollar exchange rate decline in Baghdad, rises in Erbil”  This is from a couple days ago but there has been a trend started.  This is what you want to […]