Saturday, May 18, 2024

"RV UPDATE" BY PIMPY, 18 MAY

 Pimpy

  We are seeing a renaissance take place over in Iraq. But the same issues that are keeping it from really taking off and giving Iraq the type of boom it really needs in its economy and its growth is being held down by the same corrupt politicians that have been holding Iraq back for the past 20 plus years...

But overall the report from Jeanine Plasschaert was very very uplifting and praising.  It showed a lot of positive things taking place in Iraq so don't let the bad things overshadow all the progress Iraq has made...We look forward to Sudani continuing this for at least another four years we hope.

I said it a million times.  I'm saying the deletion of the zeros is a possibility.  I want the same thing you do.  I own Iraqi dinar.  I'd rather they keep the zeros on and change the exchange rate to $3.  I would love that.  Or even 1 to 1.  I want the same thing you do.  What I'm saying to you is you guys should understand that there's another possibility that's likely to happen.  That's all I'm saying...

Question: "Why are you investing in the Iraqi dinar?" 

 Because I think it's going to change in value and I can benefit from it.

 Let's hope it [ascension to full WTO member] happens quickly but it's not going to be done by [the end of] 2024.


There are a ton of reforms especially in the banking sector.  They're getting there but they're not 100% there yet as far as confidence in the currency.  Nobody has confidence in it besides those who are invested in it.  It's not that they have confidence in Iraqi dinar, they're hoping there's a big difference..

.There's years and years of history shows you Iraq constantly screws up and ends up back on square one.  You can't blame people for being negative. IMO Iraq has taken all the steps necessary to get there but they're not there yet.  Give it time...
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)