Lots of people have become interested in the Iraqi Dinar because of its possible investment opportunities. While Iraq is still a dangerous place and in the midst of a war, when it does become peaceful again, the national currency of Iraq known as the dinar will become extremely valuable to those holding lots of this currency.
Currently the Iraqi Dinar exchange rate is somewhere around 1,150 dinar per every US dollar and while that means the Iraqi currency isn’t worth all that much, wait till you hear how much it used to be worth. Staring in the early 1970′s the dinar had a value of $3.38 US dollars for every dinar, but after the Iraq invasion of Kuwait and the first Gulf War in 1989 the dinar started to become devalued. Due to an economic blockade of the country and the governments overprinting of their currency, the dinar was valued at around 3,000 per $1 US dollar in 1995. That’s quite a turn around in only 6 years.
As an investor you should obviously be able to see what could happen if peace once again returns to Iraq. During times of turmoil the dinar has been hugely devalued, but during times of peace, the dinar is even more valuable than the US dollar. What that means for the investor is a big opportunity to get in on what may become one of the most important financial vehicles of the decade.
It doesn’t take a brain surgeon to see that if you are an investor and you are holding tens to hundreds of thousands of Iraqi Dinar and the country once again gets stable, you are going to be very rich. If the current Iraqi Dinar Exchange Rate is 1,150 dinar per US dollar and you buy 250,000 it will cost you around $217 and if a stable government keeps the peace for a good amount of time and the dinar even gets to an exchange rate of 1 dinar to 1 dollar, you will end up with a $249,783 profit.
While there is certainly no guarantee what the future hold for Iraq and the possibility for peace, anyone that invests can see what an opportunity buying Iraqi Dinar could hold. It is probably certain that we will one day see normal business activity and government and economic stability in Iraq. When that day returns, those who have invested in the national currency of Iraq will have their investment paid off in a big way.
Maybe this kind of investment is for you and maybe it isn’t. But it is at least worth looking at investing in the Iraqi Dinar and being able to say that you looked at what could become an opportunity of a lifetime.
About the author:
Jason Stevens writes about Iraq investment,
investing and economic news on his Plan For
Iraq Dinar blog where you can buy Iraqi Dinar