Iraqi Dinars - Get the Facts

It has gone through hypes and depressions alternately due to mistakes sometimes committed by Iraq and sometimes by others. In 1959, one Iraqi Dinar attracted an exchange rate of 2.8 US Dollars and in 2013 one US Dollar fetches 1166 Iraqi Dinars.

Till 1932, Indian rupee was the official currency of British occupied Iraq since the world war-I. The new Dinar, which exchanged at 11 rupees, was at par with British pound till 1959. But, the US Dollar was fixed at 2.8 Dollar for 1 Dinar. Then the Iraqi Dinar rose to a high of 3.37 Dollar per Dinar before it was devalued 5% to quote at 3.21 Dollar and remained almost static till the Gulf war in 1989. After the war in 1991 Iraq faced UN sanctions and the Swiss printed Dinar notes went out of circulation. Excessive Government printing of new notes brought down the value of Iraqi Dinars to 1 Dollar for 3000 Dinars, although Swiss dinars, still in circulation in the Kurdish region, did not devalue at all.

Following the end of Saddam Hussein, Iraqi Governing Council printed Saddam dinar notes to sustain money supply for daily use till a new currency was introduced for the whole of Iraq. In 2003, the Coalition Provisional Authority issued new Dinar notes and coins with modern technique and anti forgery measures. These new Dinars exchanged at par with Saddam Dinars but at 150 new Dinars for 1 Swiss Dinar.

Meanwhile, Iraqi Dinars were in hot demand among the speculators and currency traders. Oil export rose in 2012 and world economic experts were of the view that Iraq may become the second largest exporter of oil soon. The speculators rumoured that the Iraqi Dinars are going to be rerated upwards. So Iraqi Dinar RV will bring in windfall profit as the exchange rate against the dollar will rise greatly. International Monetary Fund is in charge of rebuilding Iraq after its repeated destruction in wars and under a despotic rule for a considerable time. So this rumour about improved exchange rate of dinars remains confusing. The Central Bank of Iraq sports a home page on its website with a quotation of 1166 dinars for a US Dollar. The IMF too quotes Dinar at 1200 per a Dollar, and it remains static, Most of the transactions are still in US Dollars, and the Dinar stays exotic.

Iraqi Dinars are now steady, and not much of a downside is visible in near and remote future. If you discount the rumours spread by the currency traders, you may still invest in Iraqi Dinars as the reconstructed Iraq will be wealthy as ever. Its oil production and export will always follow a rising curve, and you can participate in a developing economy.

Iraqi Dinar News is a steady currency. An OPEC country under reconstruction with IMF supervision and a wealthy oil trade gives Iraq an edge over other countries and its currency a hope for upward movement.more information please Click here

This article has been taken from http://dinarexchange.wordpress.com/2013/03/18/iraqi-dinars-get-the-facts/

Iraqi Dinar RV: A Goldmine in the Making

Master minds of the global economy are hopeful about the revaluation of Iraqi Dinar upwards. Iraq is one of the most thriving oil producing countries in the world. The end of the autocratic era pushed the economic development to the highest gear. So the investors are hopeful of a rerating.

The economic depression of 2008 paved way for large scale investments in the currencies. Investors paid attention to countries that have a considerably stable economic status. In the current global economy, investing in the currency of Iraq seems to be wise. Iraq has one of the largest and most thriving oil industries of the world at present. Therefore, investors are confident about Iraqi Dinar rv as it would surely pay back in great measure.

Iraq's oil fields have the capacity to produce gallons of oil on a regular basis. The prediction shows that the production of oil may reach an all time high in the next ten years facilitating an increased valuation of Iraqi Dinar. This projection is certainly exciting news for investors who have bought Iraqi Dinar some time back, and have been waiting for its revaluation.

Iraq's economy has been looking up gradually since the end of the autocratic era and the following anarchy, and its economic revival is related and dependent on its oil industry. Bank of America Merrill Lynch (BAML) has projected that Iraq would be coming up as the world's fastest growing economy by 2013.

The World Bank is a well known international organization of finance. The World Bank has dedicated to offer special loans to the developing countries in order to contribute to the alleviation of poverty. A Central Bank representative of Iraq has reported that the World Bank has offered Iraq a proposal for becoming a donor state by the year 2014. This shows immense potential for Iraqi Dinar in the world economic market.

Buyers, sellers and Dinar traders across the world are looking forward to the re-valued Dinars that will bring in a huge profit to the investors. A good number of websites are taking interest in the Iraqi Dinar trading. However, investors should check the legal registrations of the concerned websites before committing money to them. COD is the first method. It allows payment either by cashier's cheque or by money order during the time of delivery. One can also choose the prepaid option by sending a cashier's cheque by mail. The third method is payment by Bank Wire Transfer, and the fourth method is payment through Electronic Cheque. One can choose from any of these methods, but the decision would depend on how big the amount is that the investor will have to pay in exchange of the Iraqi Dinar.

Iraqi Dinar trade is flourishing day by day because of Iraqi Dinar News. This is perhaps the best time to invest in such a potential currency as Iraqi Budget that has been approved by the Parliament, renders a green signal to the value of Vietnamese Dong to soar high in the near future.

This article has been taken from http://dinarexchange.wordpress.com/2013/03/11/iraqi-dinar-rv-a-goldmine-in-the-making/

Iraqi Dinar News—Follow it closely

The news covers Iraq's policies, the legislative exercises of Iraqi parliament and the day to day moves of the central bank of Iraq. Iraq's oil trade is the most pivotal element in the fluctuation in the exchange rates of Dinar. News about the oil exports and price of the crude find important place in the news concerning Dinar.

Dinar trade flourished in the early years of the present century as Iraq came out of tyranny and social turmoil. Investors expected a rising graph for the Iraqi Dinar and its rerating and upward revision in value. Since then news regarding Iraqi Dinar is widely followed by the world. There are print and electronic media and multiple websites dedicated to cater constant news of Dinar and its related areas.

The initial euphoria on Dinar subsided somewhat when Iraqi parliament and government faced stiff resistance from the militia and subversive elements. The growth path was little lost and the momentum became muted. With this development and rejuvenation of Iraq's economy halted. Political challenges came to be affecting the resolve to reform the economy, and society. Dinar, too, became subdued until January 2013.

The central bank of Iraq, sometimes, refused to carry on the agenda of the government. So the Iraqi government seeks complete control of the central bank. It also wants to probe corruption charges against the bank. However, crude exports rose for the first time in January 2013 after October 2012. Economic experts believe that Iraq is going to be the second largest exporter of oil soon. This is good news for Dinar traders.

Certain political decisions and developments find place in Iraqi Dinar News as these policies will influence the movement of the Dinar. The finance Committee of Iraq's parliament has decided to cut zeroes off the dinar's exchange rate. Iraqi Dinar will be redenominated, as a result. Iraqi Airways has resumed its flights to London recently. Relation with Kuwait is moving in the right direction for the first time since the war of 1990. The first flight to the, enemy turned friend, neighbour Kuwait was flagged off recently. Iraq has plans of investing 1.6 million Dollars for developing solar and wind energy. The country has signed a 4.2 million Dollar arms deal with Russia and trying to sign a rare agreement with Syria.

All these hustle bustle of Iraqi leaders in the arena of finance and trade is really sweet music to ears of Dinar traders and investors. They have to keep glued to the news wires to remain updated about the movement of Iraqi Dinar. The Dinar is not going to ditch them in the near future for sure. On the first of March 2013, it was quoting at1166 Dinar for 0.000858 Dollar of US. In the terms of $, the trade was at 857.63 Dollar per one million Dinar.

Follow closely dinarexchange.com.au from official websites keep yourself updated. Your Dinar investment will be safe and flourishing.more information please Click here.

This article has been taken from http://dinarexchange.wordpress.com/2013/03/04/iraqi-dinar-news-follow-it-closely/