Investing in Iraqi Currency

Written by admin on August 31, 2013. Posted in Dinar speculation, Dinar vs us dollar, Iraqi dinars latest news

Dinar trade value

Until 1959, the Iraqi dinar was pegged at per with the British pound. In 2013, the value is significantly lower, at roughly 1,200 dinars to one United States dollar. However, the Iraqi dinar exchange rate could change with the stability of the Iraqi nation improving, as United States troops have finally withdrawn from the country in 2011, ending almost nine years of war.

The Iraqi dinar was issued by the National Bank of Iraq from 1947 until 1954, and subsequently issued by the Central Bank of Iran. The dinar is also issued into subdivisions of 1,000 fils, but inflation has rendered the use of fils completely obsolete.

The value of dinar to us dollars is currently at a very low rate. However, there are some people who believe that the value of dinar to US dollars, though low, is favorable to investors who can make a potential profit if and when the Iraqi nation rebounds and their money becomes more valuable on a global scheme. On that note, the states in America with the highest number of Iraqi born populations are Michigan, California and Illinois. Residents in those states might be more apt to buy Iraqi dinars and reap the potential profits. Read this for more: www.gidassociates.com

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Comments (18)

  • Lawrence Norris
    March 11, 2014 at 5:21 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Robert Hold
    April 10, 2014 at 7:48 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • May 11, 2014 at 2:43 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Allan Moore
    June 10, 2014 at 2:44 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Addison Guzman
    July 10, 2014 at 2:45 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Nicholas Black
    August 9, 2014 at 2:46 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • September 8, 2014 at 2:47 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Harvey Werner
    October 8, 2014 at 2:48 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Matthew Murray
    November 7, 2014 at 3:49 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • December 7, 2014 at 3:50 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Addison Owens
    January 6, 2015 at 3:51 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • February 5, 2015 at 3:52 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • March 7, 2015 at 3:53 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Jessie Austin
    April 6, 2015 at 2:54 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Dave Hamilton
    May 6, 2015 at 2:54 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Pam Burgess
    June 5, 2015 at 2:55 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • Lance Oldson
    July 5, 2015 at 2:57 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

  • August 4, 2015 at 2:58 pm |

    I dont really believe in investing in foreign money trying to make a profit, but if there was ever a good opportunity, it would have to be in Iraq. The country is on its way up after being as low as it can get.

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