pimpy

  2014 IQD experienced another devaluation.  This time it was due to the decline in oil prices and conflict with ISIS.  The currency lost about 15% of its value against the […]

The funny thing is I would take that right about now because I have about four or five million Iraqi dinars. If it jumped up to $0.31, woo, I’d be […]

   Iraq has experienced multiple devaluations and revaluations of the currency…From 1988 to currently where we are these are the major events that affected currency.  1988 the IQD as introduced.  This […]

  You’re not going to see new currency come out.  Not yet.  And you’re not going to see them change the exchange rate.  Not yet.  Remember they put together a 3 year […]

  If they’re going to make a change at all it’s going to be happening at the end of this month or at the beginning of next month.  It’s too expensive, […]

Remember the goal is to become a cashless society…Just because they’re doing away with the US dollar has nothing to do with them changing the Iraqi exchange rate.  I did […]

 With them taking away the US dollar there’s some logic to…an increase in Iraqi dinar.  Will they?  You’re not going to see them go 1 for 1…  Nothing would make me happier than […]

    Article:  “Launch of the third annual scientific conference on economic challenges and reform in Iraq”  This part is very interesting to me.  Quote:  “Restructuring the general budget”  Why would they […]

What the IMF is saying is really good.  But, no, the exchange rate isn’t going change tomorrow.  It’s just another step in the right direction for Iraq…

Iraq is still taking the steps necessary to stabilize their economy, stabilize their currency, give value and strength to the Iraqi dinar.

Article: “IMF expresses optimism about non-oil financial growth in Iraq”  This is a major must for Iraq.  They need… non-oil financial growth…They can’t get to this fast enough.  They can’t […]

I get it there are people out there telling you it’s going to happen overnight because they have an electric payment system.  No, no they’re not going to change your […]

  Question: “Is Iraq part of any currency basket?”  No…They have not been invited to be part of any currency basket.  Iraq is part of the currency basket that makes up the […]

Definitely looks like reform is well on its way with the banking system. Let’s hope this continues.  It looks like there’s a lot of agreements that the US will hold their word […]

  Question:  “Does this electric payment system have anything to do with the Iraqi dinar exchange rate?”  Installing it is not going to make the exchange rate change but, what it does […]

Question:  “Can Iraq get into the World Trade Organization with the currency exchange rate of 1310 to 1 US dollar?”  One of the key requirements for joining the WTO is […]

When this thing happens and it’s gonna happen…we have no idea about 2024.  That doesn’t mean it can’t happen in 2024.  I’m anticipating a rate change happening in the first […]

Question “Does Iraq need to change their exchange rate in order to be part of a currency basket?”   In the news lately Iraq has talked about expanding their currency basket but somehow, […]

Article: “Parliamentary Finance: Spending only 20% of the current year’s budget”  Quote:  “the government has spent only 20% of the current year’s budget, and expected to release the rest of […]

  Shortage of liquidity…Iraq has been plagued by political instability…the ongoing conflict with the terrorist groups ISIS as well as tensions between Kurdistan and the central government this has disrupted the […]

Nowhere and I mean nowhere out there is there proof the US dollar now equals $1.39 Iraqi dinars.

There are some people who are unclear … when I say Iraq is relying too much on oil.  This is an issue.  That’s why there’s no stability in the economy […]

They’ve been talking now for several months about needing to strengthen the Iraqi dinar, doing what they need to do to close the gap between the official rate and the […]

Rumor the exchange rate had changed.  It has not changed…It doesn’t make sense for them to change the exchange rate in one location and not another.  What’s to keep people […]

Remember Iraq is an importing country, not like Vietnam who’s exporting…They have room for the Iraqi dinar to grow.  This will allow them allow them to bring in goods from around […]

Question:  “Article 140, HCL, Oil and Gas – RV ready?”  Even if they pass that doesn’t mean the RV is going to to happen.  That’s what I keep telling people…There are people […]

 [Response to the the new Iraqi Dinar Commercial video….See Frank26’s 10-8-2023 post below to watch it.] The video shouldn’t be shocking to anybody.  The video that was released is only […]

Community comment:  “I disagree with your position.  The dinar going up in increments doesn’t help anyone.”  Sure does.  It helps the Iraqi people.  They get more purchasing power.

Article:  “A matter of a homeland. A campaign to support the Iraqi dinar and make it the gateway to build the country.”  The quicker they do away with the dollar and […]

Question:  “Sudani on several occasions did say the dinar would be worth more than the US dollar…was he spreading more false hope to his worrying people?”  I’ve heard him say […]