Pimpy

Understand there is a difference between an exchange rate and a nominal rate.  Two different things… Wherever you make your exchange at, they’re going to tell you as soon as […]

I own 5 million Iraqi dinar.  You think I want them to take the zeros off and then change the exchange rate?  No.

How are they going to preserve their liquidity?  If you bring in the 25,000 dinar it only has exchange value of 25 dinars.  That’s how they preserve their liquidity.  Can you imagine they […]

If you remember back, I tried to explain to people things we need to look for before the Iraqi dinar could increase in value.  I said they have to maintain […]

Understand when they make the change to the currency it affects the Iraqi dinar all around the world  the same.  There is no different exchange rate for the dinar in country […]

Nobody is going to know what the exchange rate is because once it free floats the market determines the value of the Iraqi dinar.  The central bank of Iraq can tell […]

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:  […]