Pimpy

We’ve been monitoring whether or not they’re going to pass the budget as well as conclude and finally sign the oil agreement between Kurdistan and Baghdad…definitely the budget is important […]

There is some chatter about there being a new rate inside the budget.  Just so you know that every time they talk about a budget that kind of chatter comes […]

When you go through the news in Iraq all of it is talk about the budget.  When it’s going to be done.  When they’re going to vote on it.  What […]

Article: “Iraqis Fly to Nearby Countries to Get Dollars as U.S. Cracks Down on Money Laundering”  Here’s where the problem lies.  When your government is allies and backed by Iran […]

Article: “International Monetary Fund Expects Iraq ‘s External Debt to Fall by $1.2 Billion”  It’s really been amazing to watch Iraq pay off all their debt both external and internal […]

I’m concerned to see how the Iraqi dinar is going to respond to the .25 hike in the Fed’s interest rates.  Usually foreign currencies take a hit.  I’m not sure […]

In case you’re wondering why it is that they might change the exchange rate… – To have more purchasing power.  If they’re importing a lot of goods…this would help the […]

People are saying, ‘Could they change the rate Pimpy?”  Yeah, of course they can. Until the final budget is out we know they had projected the budget at 1300 dinar.  […]

Article:  “Baghdad and Washington emphasize support for Iraqi banking reform efforts”  What gets me is how close Washington is really paying attention to how quickly Iraq implements all the reforms […]

Article:  “Parliamentary finance suggests when the dollar price will stabilize at the official price”  As much as they talk about this in the news there’s obviously still some concern about […]

Iraq does have goods that it exports but they have to get this going…They are having to import more than they are exporting so it seemed to me you’d want […]

There’s really not a whole lot going on in Iraq.  We keep monitoring it.  We’re really just waiting for the budget to pass.  Once it passes I’m curious to see […]

Iraq’s doing everything they can to just tread water for now and doing a pretty good job if you ask me.  Iraq has $115 billion in reserve assets.  That’s awesome.  […]

There seems to be a lot of stalling happening when it comes to the budget and I’m wondering if they’re just waiting to see what the United States is going […]

CBDC…In case you didn’t know it looks like this July is when they’re gonna launch [the CBDC in the U.S.] …Everybody keeps asking me, ‘If we go to CBDC what […]

When it comes to the parallel rates, this is in almost every county, you’ve always going to have some kind of black market that’s involved in currencies.  The black market […]

Article: “Parliament finance reveals the deadline for approving the budget”  the decline has now been pushed to the end of May.  So not only do we still not have a […]

There is no in-country/out-country special rate.  I don’t care what the hell people tell you.  All you have to do is apply common sense.  If that was the case you […]

You’ve got 3 major companies trying to come into Iraq.  Article: “It owns Apple, Google, and Amazon data centers.  Iraq receives an offer from a major international company”