pimpy’s

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 […]

Is the IQD on life support?  Yeah it is…Currencies around the world are being crushed right now by the US dollar.   That’s a fact.  Not to mention the fact that […]

Article:  “USD/IQD rate declines in Baghdad, Erbil”  The U.S. dollar is continuing to gain ground on the Iraqi dinar.  This is not good.  This is out of whack…the Iraqi dinar […]

As we are all aware Ramadan has started.  We’re talking about 30 days of usually nothing really gets accomplished during this time.  I’m not saying it won’t but usually it […]