Investing in the Iraqi Dinar is a debatable issue as people have differing
opinions about the advantages and disadvantages of investing in this poorly
valued currency of Iraq. People who invest in the Dinar are of the firm belief
that Iraq's extensive oil reserves are a reason why the nation's economy will
soon gain strength, similar to the Kuwaiti Dinar that had risen in value to
$3.39 in 2004. Before the UN embargo following Iraq's invasion of Kuwait in
1990, the Iraqi Dinar was worth around $3. However, after the embargo, the Dinar
was valued at below 2,000 against the US dollar as of August 2002. But, as of
2011, the average exchange rate of an Iraqi Dinar slowly climbed up to be around
1,173 per dollar. Bullish investors are optimistic and they believe that the
Dinar will be revalued soon.
Now, one may ask, is buying Iraqi Dinar a risky proposition? With rapid fluctuations in its value against the US dollar, one does need to think twice before one can buy Iraqi Dinars. Some financial experts are also of the opinion that buying or selling Iraqi Dinars is a scam, while others feel that buying Iraqi Dinars is considered an investment, as they believe that since Iraq is receiving huge support from the US and it is also rich in oil reserves, investing in the Dinar is quite a good option! If you are a potential investor, you may also look up CNBC's segments on YouTube about the potential of the Iraqi Dinar and why it may turn out to be a good investment after all.
However, before you decide to buy Iraqi Dinars, it will be better if you keep some important points in mind. According to financial experts, the Iraqi Dinar has undergone a dramatic devaluation, which has been the result of several economic as well as financial sanctions against Iraq. Now, when the sanctions are lifted, there seems to be a ray of hope for the nation's currency to revive. Secondly, if Iraq is able to rise above its internal problems such as sectarian warfare and constantly develop its oil fields, the Iraqi Dinar stands a good chance of significant growth.
Of course there are two sides to the coin. On the contrary, some people are of the opinion that the Iraqi Dinar could undergo a further devaluation after the economic sanctions against Iraq are lifted, and that the Dinar could even be replaced by a new currency, which could still be exchanged for dollars. So, if you invest in Iraqi Dinars, make sure that you invest in the new Iraqi Dinar, and not the old one which has the picture of Saddam Hussein on it.
Going by latest financial news reports, there has been talk of a possible revaluation of the Iraqi Dinar, which might happen very soon. In that case, people who have invested in Iraqi Dinars are likely to become millionaires! But the opposite may also be true. Hence, it seems to be a gamble indeed.
visit here for more information about buy iraqi dinars or check our website : dinarexchange
Now, one may ask, is buying Iraqi Dinar a risky proposition? With rapid fluctuations in its value against the US dollar, one does need to think twice before one can buy Iraqi Dinars. Some financial experts are also of the opinion that buying or selling Iraqi Dinars is a scam, while others feel that buying Iraqi Dinars is considered an investment, as they believe that since Iraq is receiving huge support from the US and it is also rich in oil reserves, investing in the Dinar is quite a good option! If you are a potential investor, you may also look up CNBC's segments on YouTube about the potential of the Iraqi Dinar and why it may turn out to be a good investment after all.
However, before you decide to buy Iraqi Dinars, it will be better if you keep some important points in mind. According to financial experts, the Iraqi Dinar has undergone a dramatic devaluation, which has been the result of several economic as well as financial sanctions against Iraq. Now, when the sanctions are lifted, there seems to be a ray of hope for the nation's currency to revive. Secondly, if Iraq is able to rise above its internal problems such as sectarian warfare and constantly develop its oil fields, the Iraqi Dinar stands a good chance of significant growth.
Of course there are two sides to the coin. On the contrary, some people are of the opinion that the Iraqi Dinar could undergo a further devaluation after the economic sanctions against Iraq are lifted, and that the Dinar could even be replaced by a new currency, which could still be exchanged for dollars. So, if you invest in Iraqi Dinars, make sure that you invest in the new Iraqi Dinar, and not the old one which has the picture of Saddam Hussein on it.
Going by latest financial news reports, there has been talk of a possible revaluation of the Iraqi Dinar, which might happen very soon. In that case, people who have invested in Iraqi Dinars are likely to become millionaires! But the opposite may also be true. Hence, it seems to be a gamble indeed.
visit here for more information about buy iraqi dinars or check our website : dinarexchange
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