investment

Question:  “Kuwait has $3.29 dinars.  What do they have that Iraq doesn’t?  A currency that’s free of sanctions and restriction is what they have. 

All currencies have some type of backing …what supports the IQD is the oil industry.  But there are other things out there like the amount of gold they buy, the […]

All currencies have some type of backing …what supports the IQD is the oil industry.  But there are other things out there like the amount of gold they buy, the […]

We know their foreign currency reserves are up that’s one of the things that help it.  We know that their gold reserves are up that’s another thing that helps strengthen […]

It’s looking very good for Iraq right now.  It’s sounds good, it looks good, but let’s see if they can actually implement the things they need to and they actually […]

When you learn about what strengthens a currency – Iraq doesn’t have it.  They don’t have it at all.  The fact that 95% of their entire budget is reliant on […]

I agree it would be nice if they had a stronger currency.  I think it’d be more helpful.  They just don’t have the right things in place in order for […]

In the 1930’s…You used to be able to get $4.86 for every Iraqi dinar you had.  This continued on up until…1950’s.  Then all of a sudden the value started to […]

Article:  “Top 10 weakest Currencies in The World In 2023”  As you go down the list Iran [#1] is one of them, which is not surprising.  They’re going through sanctions.  […]

Question:  “Is Iraq and the CBI collecting 3-zero notes?”  No they’re not collecting them right now.  If they were there’d be a redenomination…trust me we don’t want to go that […]

People keep saying Iraq can’t do this total rebuilding without changing the exchange rate.  I was thinking the same thing too.  And it was with good reason.  They could really […]

The WTO isn’t going to let them in unless they change their exchange rate.  That’s false…They have many members in there with even worse currencies than the Iraqi dinar…Vietnam is […]

Article:   “US dollar Exchange Rate Decreases Against Iraqi Dinar in Baghdad and Erbil”   This is exactly the right direction you want to go.  The US dollar to decrease against […]

People are like, ‘Pimpy doesn’t know what he’s talking about.  It’s on the Forex in-country, it’s floating freely in-country.’  No it’s not.  Yes they do monitor both rates [Official CBI […]

Don’t get caught up in the hype.  There is no in-country/out-of-country exchange rate.  There’s no in-country free-floating exchange rate/out-of-counry fixed exchange rate.  No.  It’s the same all the way around.  […]

They’re doing all the right things now putting themselves in place to strengthen Iraqi dinar.  I do believe it will increase value before 2026…in small increments…As far as the exchange […]

There’s been a lot of back and forth …People are claiming the currency is floating and that it is on the Forex …Is the IQD on the Forex? …Money exchanges, […]

Let’s clear this up…an RI is a reinstatement.  People always intermingle that with the RV.  An RI would be reinstating the rate in which a currency once was.  In Kuwait…they […]

If the RV hasn’t happened by the time the currency is on the Forex it should show in real time…There’s a good possibility that before it hits the Forex that […]

The official rate, which is when the bank tell you it’s a fixed rate – not floating.  In the streets what you have is a black market where people will […]

I would like to see Iraq un-peg their dinar from the US dollar and peg to the same basket that the Arab Monetary Fund uses…22 or 23 nations are involved […]

…people trying to claim there’s a in-country rate and out of country rate…there’s not going to be one that’s for out of country and one that’s for in country.  The […]