pimpy

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”

It looks like the parallel rates between the market and the official exchange rate for the dinar is pretty much equal.  This is a great sign.

It looks like the parallel rates between the market and the official exchange rate for the dinar is pretty much equal.  This is a great sign.

We will continue to pay attention to the market.  We’ll continue to monitor the dollar drop against the Iraqi dinar.  But be prepared for the Biden Administration to pull another […]

Article:  “Sudan Advisor:  Central Bank succeeded in Increasing the strength of the dinar and began to approach the parallel price”  This is good news.  We like for them to continue […]

A lot of you are asking me what does it mean about the dollar continuing to lose its value.  As you can see the dinar continues to gain strength against […]

Article:  “A rapid drop in dollar prices in Baghdad, Erbil and the stock exchange shows”  The parallel exchange rate is dropping and getting closer to the official exchange rate…

Things seem to be calm over there.  There’s a lot of agreements going on and it looks like Iraq is moving forward in a major way which I’m excited about.  I […]

The Iraqi dinar is slowly gaining strength.   There’s some policies and procedures that were  implemented within the Iraqi Central Bank that’s making things a lot better…Iraqi dinar is pegged to […]

Article:  “First Deputy Speaker of Parliament calls for speeding up the preparation of a report on the draft budget law for its second reading”  The way the Constitution works over […]

Apparently they have a mechanism that’s going to take care of the surplus of Iraqi dinar that are out there because if you think about it if people are willing […]

Article:   “Reserve currencies of the dollar as a store of value and secondary reserves in central banks”. This is pretty interesting article and it’s good if you own the Iraqi […]

It doesn’t even look like the budget will be approved by the end of April…

I went to go look at how the Iraqi exchange rate closed for the day…at 1430 something dinars for every dollar.  It is shrinking the gap between the official rate […]

Looks like Iraq has finally gotten the budget back to the house of representatives.  Now the committee will study it and respond to whatever the new amendments are…   Article:  “Parliamentary […]

The dollar is still continuing to slightly decline against the Iraqi dinar.  What was it that guys said?  Oh, yeah, the gap should be closed within two days so let’s […]

The market rate is ridiculous.  One of the ways they can combat it is to revalue the Iraqi dinar. But that would take it from 1300 dinars right back to […]

Article: “Central Bank: Dollar will gradually fall within two days to reach official rate”  This article I find very interesting…this person was able to pinpoint an actual time when the […]

They need to…combat that open market so every time they increase the value for the IQD…it keeps screwing up the criminals who keep going out there on the black market […]