"RV UPDATE" BY PIMPY, 31 DEC

  Pimpy  

Looks like Iraq has put their ducks in a row.  They're getting ready to start the new year of 2024 doing exactly what they said they were going to do - stop using the US dollar, making sure the Iraqi dinar is stable before they do that.  

Community comment "Pimpy last month said he believed the dinar will revalue in 3 years so I  stopped listening..."  I didn't say it was going to revalue in 3 years.  I said it's going to go up in increments over three years.   Big difference.

You guys keep forgetting they rely way way too much on oil revenues for their budget.  That has got to change before you can really make any major changes to the Iraqi dinar exchange rate.. .

Article:  "Parliament is awaiting the 2024 budget schedules...preparing for major changes in numbers"  Remember I told you if they're going to make any kind of change to the exchange rate it would happen at the end of the year or before the beginning of this next year 2024.  The reason for that is businesses in Iraq have to prepare their budgets...based on what the government in Iraq does...The fact that they're saying they need to reconsider the total revenues and expenditures for the year make me wonder what it is they have up their sleeve.  There's no guarantees that's what's going to happen but if they are going to make a change to the exchange rate this would be the time to do it.