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Pimpy

Pimpy

Last updated: October 29, 2023 6:06 pm
Pimpy
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The gap between the fixed exchange rate versus the black market is widening…The last time we saw that Iraq was forced to increase the value of the Iraqi dinars.  It’s very possible between now and the end of the year we could see an increase in the exchange rate.  Nothing significant but at least going in the right direction.  Like I said, they’re going to go up in increments…At least they can do us a favor and take us back to where we originally started – 1,190 dinars for every dollar.  I would love to see a better exchange rate than that but I’ll take it.  That’s twice in one year going in the right direction.  This is exactly what we would want.

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