pimpy

It’s going to happen eventually.  I don’t think it’s going to happen the way people think but right now certainly there is nothing out there that indicates Al-Sudani said he’s […]

Community comment   “Their [Iraq’s] money has to be comparable to the region.  Kuwait is over $3.”  Who said it has to be comparable to the region?…It doesn’t have to […]

Remember…for several months Iraq was taking $1 to $1.5 in buying the currency off the open market.  The big question is what did they do what that currency?  Did they […]

Community Question: “When is it going to revalue?  That’s all I care about.”  It’s already revalued 2 years ago.  Unfortunately it was devalued the wrong direction.  It was just revalued […]

Iraq has one of the largest gold reserves in the world and the crazy thing about it is most of the gold is on the surface.  The Iraq Central Bank […]

Somebody said…they changed the rate again.  I said no.  I don’t see that nowhere.  None of the articles say they changed the rate but they did increase the number of […]

Article:  “Iraq’s foreign currency reserves hit $115 billion high”  This article caught my attention…the amount of reserves they have…it’s 5x the amount of their external debt.  We know they have […]

Question: “What’s going to happen with our dinar when they re-denominate their currency? I think we will be left holding a worthless currency that we have today.”  No that’s not […]

Gold is the second largest export for Iraq next to oil and gas.  You can only imagine what would happen to Iraq if they would allow an actual mining company […]

When it comes to Iraqi dinar there’s a lot of variable that’s involved.  It isn’t going to happen overnight.  It’ll most likely happen in increments.  There’s a lot of things […]

There’s a difference in RV and RI…RV is when you re-value a currency.  We saw a revalue when the Iraqi dinar went from 1190 dinars to 1450.  That is an […]

The United States has been tightening the screws down in Iraq because they feel money is being smuggled/laundered…over into Iran circumventing the sanctions…which is a no-no…we’ll notice if the Untied […]

Does the future look bright for Iraq?  Yes, as long as they start getting their shit together and their government starts doing the right things necessary like providing funding for […]

Question [If they remove the zeros from the currency what will happen to the old currency?  Is it only the 25,000 note?]  …I’m sure we’ll have time to go ahead […]

With a strong economy and the gold reserves are up and the foreign currency reserves are up there’s no reason for Iraq not to have a stronger exchange rate once […]

Let’s pretend that in fact there is an in-country rate versus the rest of the world.  Let’s say everybody outside of Iraq gets a rate of 1300…and the people on […]

I got people out there telling me, ‘No Pimpy man they got an in-country rate versus an out-country rate.’  No they don’t.  I told you guys I don’t know how […]

There’s some interactions between Iraq and Interpol I find interesting.  Article:  “Interpol reveals details of Iraqi money recovery”  182 people they’ve caught…that’s a lot of people…

Inflation, unemployment, demand, political stability, supply, future prospects…all play a part in the currency exchange rate.  Is inflation down?  They’re saying it was at double digits last couple years although […]

Once Iraq enrolls into the World Trade Organization it opens up big doors for Iraq to do international business.  This also guarantees Iraq is able to do international business.  This […]

The more I read about what’s going on with Iraq it really does look like they’re doing what they can to build up the value of the exchange rate for […]

Article:  “The Chairman of the Investment Authority directs the adoption of the dinar in the payment of dues for housing projects”   EVERYTHING IN IRAQ IS NOW DONE IN DINARS ONLY, […]

There’s no doubt there’s all kinds of activity happening over there in Iraq…the focus has been on Iraq, their politics, their banking system, the exchange rate and that talk still […]