As of now, there is not an international exchange rate that dictates the value of the New Iraqi Dinar. The currency came out in 2003 and people who have bought the Dinar with Dollars have helped double the Dinar’s value. The current value is based off current program exchange rate determined by the IMF and the Central Bank of Iraq. If you want to buy the currency, you cannot go to a bank and get it. You need to use the services of registered money brokers to buy the New Dinar and exchange it for the currency you like when the international exchange rate is set.
Hold a Stake in Iraq’s Success
Consider this: prior to the Gulf War, you needed $3,200,000 to buy 1 million Iraqi Dinars. However, today you can buy the same number of Iraqi Dinars for $1,199.
Did you know that the US has invested over $ 200 billion for the future of Iraq so far and committed to investing much more in the future? Due to this, speculators are buying the New Dinar up in billions. Currently, you can buy close to 100,000 New Iraqi Dinars for $100. They have the world’s third largest identified oil reserve and with the new government, they have been tapping into it. A number of oil companies are expressing interest in the Iraqi oil reserves too, and it won’t be long before the Iraqi Dinars will be worth a lot more.
Even in the midst of all the chaos and political uncertainty, the Iraqi dinar has managed to appreciate by 25% (since 2003) and forecasters predict continued appreciation. With confidence in the currency, stability and growth are sure to follow shortly and it is definitely a good idea to be a part of it!
To learn more information on the Iraq Dinar or the Dinar exchange rate, visit DinarBanker.com. Dinar Banker is a fully-registered U.S. company and has thousands of satisfied customers around the world.
For more information on the Iraqi Dinar, including the latest revaluation, exchange rate, economic, and political news, please visit http://www.DinarBanker.com
About the Author
Specializes in online marketing through search engine optimization, blogging, website Designing, public relations, and PPC campaigns.