Buy/Sell Iraqi Dinar
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Has anyone ever invested in Iraqi currency or other low-value currency in hopes that their country would stabilize and the value would skyrocket?
I thought about it and have done a little of it but it was long term and something that I wouldn't do again. I would definately not suggest Iraqi currency because after Nov. if a democrat is elected to office I think everything will fall to shambles
The big drivers are the growth in demand from China and India. Since then, of course, we've seen how Peak Oil - the exhaustion of the entire world's cheap, easily recoverable oil - is driving up energy prices even higher and faster than I thought, and also has complicated things geopolitically.
Second, the general rise of Asia into the developed world was causing huge demographic and economic dislocations - and creating enormous investment opportunities as Asian economies began to consume as well as produce, to spend as well as save.
Third, I wrote that the rise of the East was accompanied by the simultaneous collapse of the ruling currency regime of the last 30 years, the dollar standard. This last point is still so inconceivable to many people that they refuse to entertain the possibility. Too much would have to change. Too much wealth would be destroyed. Too many vacations would have to be cancelled. Yet the inexorable rise of gold shows that this revolution in money is slowly but surely eroding the dollar's status.
Dinar Revaluation
Ask anyone if they could envision themselves investing in foreign currency, especially the Iraqi Dinar, and they would probably look at you as if youÂÂd asked whether theyÂÂll ever travel to Pluto some day. com enables the average person to buy Iraqi currency, and also help their own future prosperity in the bargain. It is similiar to what happened in Japan and Germany after World War II. Their economies were shattered so you could buy up lots of their currency very cheaply. The Dinar has long been a strong currency. The US Government has invested over 200 Billion Dollars in the future of Iraq so far....
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300 pages |
Arab Fund for Economic and Social Development Handbook IRAQ STRATEGIC PROFILE INVESTMENT AND BUSINESS CLIMATE Interest in ... capita GDP (nominal) - Total - Per capita Currency Time zone - Summer (DST) Drives on ... |
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1370 pages |
The Middle East and North Africa By August all currency restrictions ... After 1978 many Kuwaitis had invested in Iraq, and, as a result of the Iran-Iraq War, a severe cash-flow crisis ... |
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243 pages |
Supporting investment policy and governance reforms in Iraq Good practice MENA/OECD Article 11.5. makes “accounts in Iraqi or Foreign currency or both (available) with local or foreign banks inside or outside Iraq” ... |
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265 pages |
Petrodollar warfare, oil, Iraq and the future of the dollar Considering the euro's susceptibility to currency risk regarding energy prices and ... companies were barred from investing in Iraq's vital oil industry. ... |
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Middle East review This encouragement of investment money did not extend to the non-Arab world. Iraq's political history and present stance excludes Western companies or ... |
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