Suggestions for buying Iraq dinars
For those who have been buying Iraq dinars in the past have seen gains in the exchange. The Iraqi dinar has appreciated a thousand times. The main reason was that it is an oil rich country with its own oil and natural gas deposits in a time where there is an ever growing demand and spiralling oil prices. However today buying Iraq dinar seems like a laughable proposition as the country is a war torn country. It might be something of a speculation. There are no standard rates of exchange rates. The political situation of the country also needs to be evaluated. At any time the government may decide to take back the bonds at a reduced rate. Inflation also needs to be kept under control. The current economic situation (both investments and inflation) and the future growth and infrastructure development plans will determine the future of both distant and close prospects in the currency.
On a personal note buying Iraq dinars should be treated like as very high risk investments and be done if you have the courage to let go of the investment completely or that you are willing to wait for a long time. Investing in currency as such is high risk and even tracking and forecasting the movements of currency is very difficult. Stable currencies like the euro and the yen have shown a wide fluctuation. Till a few years ago even the dollar seemed like a stable investment until the financial meltdown.
For all those armed services men who have already invested have not made any profits so far. However, hard currency can be sold as a collectible.
Here are some threats in buying Iraq Dinar
For want of free exchange market liquidating the currency is difficult. Currencies with very low values might get demonetised. Widely fluctuating Inflation will put off investors.
Having said that, there is a silver lining in buying Iraq Dinar because of the following:
The central bank of Iraq is ready to trade dinars.
The inflation is under control and at the lowest ebb.
Most investors believe that the Iraq Dinar will appreciate like the Kuwait dinar after the first gulf war.
The GDP is growing.
The US is investing billions of dollars for the capital development. This means that the economy is being rebuilt.
The economy has opened its doors to foreign investment.
It is highly recommended that buying Iraq dinars be avoided to skirt the losses made on investment. Choose a less risky option.
On a personal note buying Iraq dinars should be treated like as very high risk investments and be done if you have the courage to let go of the investment completely or that you are willing to wait for a long time. Investing in currency as such is high risk and even tracking and forecasting the movements of currency is very difficult. Stable currencies like the euro and the yen have shown a wide fluctuation. Till a few years ago even the dollar seemed like a stable investment until the financial meltdown.
For all those armed services men who have already invested have not made any profits so far. However, hard currency can be sold as a collectible.
Here are some threats in buying Iraq Dinar
For want of free exchange market liquidating the currency is difficult. Currencies with very low values might get demonetised. Widely fluctuating Inflation will put off investors.
Having said that, there is a silver lining in buying Iraq Dinar because of the following:
The central bank of Iraq is ready to trade dinars.
The inflation is under control and at the lowest ebb.
Most investors believe that the Iraq Dinar will appreciate like the Kuwait dinar after the first gulf war.
The GDP is growing.
The US is investing billions of dollars for the capital development. This means that the economy is being rebuilt.
The economy has opened its doors to foreign investment.
It is highly recommended that buying Iraq dinars be avoided to skirt the losses made on investment. Choose a less risky option.
