ingram

It doesn’t take a Harvard degree to understand that if the exchange rate is $3 to 1 dinar the small country of Iraq would go broke.  What these numbers tell us […]

Vietnam’s strong exports, foreign investment, manufacturing and foreign currency reserves help support the dong. However, Vietnam does not want its currency to increase rapidly, if at all…A significantly stronger dong […]

Baghdad is turning the old September 30th deadline into the beginning of a larger disarmament process, rather than the date by which everything must be finished.  Baghdad is preparing a […]

The Iraqi prime minister is in New York for the UN General Assembly where the militia issue is one of the biggest topics surrounding his visit.  He’s already met with […]

Iraq’s Prime Minister is preparing for a high-level visit to the Untied States and this trip could help shape the next phase of relations between Baghdad and Washington…During his visit […]

The Central Bank of Iraq is releasing information to Iraqi citizens because the official IQD rate is much weaker than the market rate.  It is the weakest it’s been in 2.5 […]

Here’s our problem as IQD investors.  If and when Iraq reprints their currency how will we  exchange our bank notes for the new currency?  …Reprinting the currency, removing the zeros, […]

Sandy Ingram : The Venezuelan Bolivar continues to lose purchasing power despite some improvement in inflation.  The official BCV exchange rate reached approximately 820 bolivars per US dollar… August inflation […]

The United States holds a powerful financial lever.  All of Iraq’s oil revenues are held through the Central Bank of Iraq’s account at the Federal Reserve Bank of New York.  This […]

Iraq has a huge, large, big problem, trouble… Article:  “US warns Iraq: Disarm Militias by Sept. 30 or dollar transfers stop”   Iraq got a financial ultimatum that is hanging over its […]

A country attempting to strengthen its currency and attract international investment needs security, political stability, functioning institutions and protections of its economic infrastructure.  Iraq is now moving towards taking greater responsibility […]

Re-denomination changes the numbers [on the notes].  Revaluation changes the exchange rate…The words, ‘deleting the zeros’ does not by itself mean the Iraqi dinar is about to experience a major […]

I have not found an official central bank decree approving the deletion of the zeros.  We do not have an official implementation date.  We do not have an official adopted […]

There is no official announcement   saying deleting the zeros would increase the real  purchasing value of the Iraqi dinar.  :Sandy Ingram   

The governor of the Central Bank of Iraq has now publicly addressed the issue of changing Iraq’s currency and deleting the zeros…There appears to be two separate issues being discussed.  […]

The Untied States just sanctioned a Turkish bank accused of providing Iran with a critical financial lifeline.  Could Iraqi banks be next?  The answer is yes…Reuters recently reported Iraq could […]

Many IQD investors have been told that when they experience a profit on their exotic currency investments there will be no taxes.  One of the reasons for this misinformation is […]

Re-denomination and revaluation do not mean the same thing…A re-denomination changes the numbers printed on the currency, usually by removing zeros…Your purchasing power does not automatically increase.  If 1,000 old dinars equals […]

The currency of Venezuela is similar to what happened to us with Zimbabwe’s currency.  Lots of currency for sale…in the country of Venezuela is no longer used and is basically worthless.Sandy […]

The Central Bank of Iraq cannot control the economy of Iraq unless they have control over the bank notes…The Iraqi people have thus far refused to put their money into […]

President Trump announced what he called the biggest oil deal in world history involving more than 65 billion barrels of proven Venezuelan oil reserves…With the instability in the Middle East […]

We think Venezuela could become the next Panama as far as the currency is concerned.   Over the last two weeks Venezuela’s currency [Boulivar] has mostly been stable…Venezuela is experiencing […]

Iraq has postponed disarming militant groups.  Iraq is indicating it wants to wait until the Americans leave…The Financial Times reported the Trump administration warned Iraqi political leaders Washington would cut […]

Importing…revenues are scheduled to exceed…$2.6 to $2.7 billion by the end of 2026 which will be the highest annual customs revenue in Iraq’s entire history…Reform paid off big…Iraq implemented the […]

It’s not the news we were hoping for…The new regional Central Bank of Iraq’s governor told parliament’s finance committee that Iraq’s foreign currency reserves have fallen from approximately $109 billion to […]

I personally am hoping and looking for international currency brokers to be available in the United States to exchange the new Iraqi dinars for the old banknotes.  They’re going to […]

Yes, the intention is to reprint the currency…You know that has been one of my most major concerns surrounding the Iraqi dinar.  If they reprint the currency…the question becomes how […]

Venezuela has seen some improvement in oil production but the currency continues to face inflation and economic challenges not to mention recovering from two major earthquakes back to back.  Because […]

We should not assume deleting 3-zeros will automatically mean a major increase in the value of the dinar…What we need to watch is for an official announcement from the Central […]

The IQD is a closed currency.  That means it’s used in its own country and not in other countries…Once you leave Iraq there are not a lot of places that […]