Currently the Iraqi dinar is trading near USD 1175-1. In the event of a revaluation, it is believed that the currency would trade at 3 dinars to 1 USD. Economists hope that the economy in Iraq will spring back to life and the currencies of the profit to investors who have invested in it.
In the past, a million dinars equivalent to $ 300,000. However, you can buy the same amount of dinars for under 1000 USD on a variety of exchange dealers today.
Revaluation News in 2011
There are a number of positive signs, which contribute to the growing investor confidence in Iraq valute.Gospodarstvo slowly but surely spreading its wings and it is not uncommon to read new stories about oil companies and nations signing a contract with Iraq for nafte.Revalorizacije reserve currency depends on development Fund for Iraq (DFI) protection. Since it has recently rejected the UNSC Iraq asking for extension of protection of the DFI, it is believed that there could be postponed due to the revaluation toga.UNSC instead offered to Iraq six months of protection. Thus, the revaluation can occur post June 2011 or later.
There are a number of other factors that may affect the revaluation dates. For example, approval of Parliament Article 110 of the Iraqi Constitution outlines the impact of Parliament's monetary policy could affect the revaluation as well.
Investing in Iraqi Dinars
If you want to invest in Iraqi currency, you will need to contact the foreign exchange dealer. Few dealers on-line course dinars of gold, silver and other precious metals, as well. In the case of a sudden growth spurt in the Iraqi market and increase the value of dinar, you can visit a variety of safe places to exchange cash in on the success of Iraq.
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