Sandy Ingram

Here’s why Vietnam’s currency keeps floating downward compared to the US dollar.  According to Reuters the Vietnamese Dong has experienced depreciation against the US dollar due to a combination of […]

The Central Bank of Iraq has imposed regulations on currency transactions…As of January 1, 2024 Iraq banned cash withdrawals and transactions in US dollars to prevent the misuse of hard […]

Iraq faces 2025 fiscal squeeze …as declining oil prices put immense pressure on the nation’s budget which has been heavily dependent on oil revenues for decades.  The International Monetary Fund […]

When you travel to or from the US, if you are traveling with an excess of $10,000 you must report it to a customs and border protection office…But there is […]

Sandy Ingram   [Post 1 of 2]   Here’s what’s been happening behind the scenes surrounding the IQD bank notes that are outside of Iraq.  Someone, somewhere implied we are holding Iraqi […]

You should know you have no tax obligation just because you invest or hold foreign currency or the Iraqi dinar.  You must create a taxable event before you are taxed.  A […]

Zimbabwe’s new currency is set to trade on the Forex market.  [Why do] We discuss why we watch the ZIG currency so closely…when most of are IQD investors [?]…We watch […]

  I am concerned for Iraq.  Why is the US Secretary of State urging the Iraq prime minister to take quick action…against armed groups in Iraq? …Things are extremely tense behind […]

Trump…for the most part he has been on the side of Iraq.  Our problem is not Trump, but rather the fact that Iraq is increasingly making the [dinar] a closed […]

The 2024 BRICS Summit is happening in Russia right now.  The news coming out of the summit is that there doesn’t look like the there’s going to be a currency […]

[Reference Guru Sandy’s WTO post from 3-22-2024 below]  What is the WTO and why does it matter?  The World Trade Organization is an international group that helps countries trade with […]

Here’s why joining the World Trade Organization is so important.  The WTO can open the door to new business opportunities, attract more investments, and create jobs.  It’s a major step […]

The average cost of living for one person in Iraq is $754/month.  This amount includes rent therefore when Iraq creates a safe environment hundreds of thousands of travelers could easily […]

Iraq is one of the world’s largest oil producers yet the country struggles with shortages in fuel supply.  The central bank vice governor said in March 2024 that Iraq is […]

 A parallel market refers to the trade of goods or currencies through distribution channels that are not authorized by the original manufacturer or the official regulatory body…and is legal…A black […]

Iraq is a different country and has grown significantly since 2014, however we are concerned ISIS is not completely destroyed, as many would believe, [My] second concern is oil prices […]

Russia has channeled $19 billion into Iraq’s energy sector, changing the game…The investment not only aims to enhance Iraq’s economic growth but also reflects Russia’s strategic interests in the Middle […]

As of August 2024 the United States debt is $25 Trillion.  Income taxes…by the end of the year the US will have collected $5 Trillion.  The US government will spend […]

  Article: “Iraqi resistance ‘ready for open war’ against Israel after Lebanon attacks”  As Iraqi dinar investors … the headline we’ve wanted to avoid.

  One significant difference between Iraq and many other developing and established countries is Iraq’s consistent willingness to pay down debt.  Iraq’s foreign debt has now fallen to below $10 billion […]

[We] keep hearing about international standards from the Central Bank of Iraq.  We can only hope that this means the country will be joining the international community in the foreseeable […]

If the IQD were revalued to $0.25 to 1 Iraq dinar, based on 1 million IQD you would profit $250,000.  Your tax liability just on the $250,000 would place you […]

The DRP (Development Road Project) is expected to increase Iraq’s GDP and gross domestic product which could quickly increase the currency’s [dinar’s] value.  Whether Iraq increases the value of its […]

The belief of a $3.00 to 1 Iraqi dinar is unreal.  Even $1.00 to 1 Iraqi dinar is a serious stretch…An increase to $0.10 to 1 Iraqi dinar would be […]

It is widely believed Iraq will need to increase the value of its currency in order to fully take advantage of the international transportation hub [Development Road Project] it is […]

  Community comment: “The large money supply means any attempt to revalue the currency would require a substantial reduction in the number of dinars in circulation which is logistically and economically […]

[I’m] more concerned than ever that Iraq will take action to reduce the circulation of the Iraqi dinar to a manageable size which will automatically help increase the currency’s value. […]

Iraq’s employment rate, inflation rate and GDP affect the value of [Iraq’s] currency.  The Development Road Project will positively affect Iraq’s economic status and provide a dependable income stream outside […]

The Iraqi Ministry of Finance revealed…the country’s financial revenues in 5 months surpassed 54 trillion dinars, approximately $41.3 billion.  Wow.  Data released by the Finance Ministry for the months of […]

Iraq exports around 65% of its crude oil to Asia markets, such as China and India and ships the remaining 20% to Europe and 15% to the United States.