Iraqi Dinar News Stories Instill Investor Trust
The Iraqi Dinar has been the official currency of Iraq since 2003, with the new Iraqi Dinar being minted to replace the pre-war Saddam currency. It is meant to unify the currency used throughout all of Iraq and show inclusion for Iraq’s many peoples .
The latest Iraqi Dinar news states that this new currency is incredibly difficult to counterfeit as it contains new security features like watermarks, embedded color changing elements, a metallic ink, a security thread and an imbedded ultraviolet image. In fact, the new Iraq Dinar has more security features than the new US 20 dollar bill.
With Iraq having the second largest oil reserve in the world and those reserves being worth more than $10 trillion at the present market rate, it makes it easy for Iraq to present a strong asset base to investors dealing in the new Iraqi Dinar. Major industrial nations around the world are showing their International Support for Iraq with their pledging of trillions of dollars aimed at the reconstruction of important Iraqi infrastructure like power plants, water purification, and major roads and highways.
Communications systems including data networks, telephone systems and their microwave radio backbones are also getting monetary support, along with basic health and human services. All of this support only serves to strengthen the Iraqi Dinar.
Iraqi Dinar news also stresses the billions of pounds in military and civilian support, debt relief and economic ties that the United Kingdom has pledged in support, gives Iraq the capability to develop its potential $70 billion a year economy, being second only to Saudi Arabia.
Positive economic news coming out of Iraq strengthens investors confidence that the Iraqi Dinar will not be devalued. An expected revaluation has been in the Iraqi Dinar news pipeline for some time but a revaluation is far different than a devaluation. This revaluation is eagerly awaited by investors who hope to reap immense profits.
Investing in the New Iraqi Dinar
Are you considering an investment in the new Iraqi Dinar? Potential investors have the option to purchase dinars from various websites established specifically for selling Iraqi dinars and major auction websites are full of sellers who offer the Iraqi Dinar for sale. This investment seems at first glance to provide an excellent way to invest in a new Iraq, an Iraqi without Saddam Hussein. People should always be wary of “feel good investments” no matter how legitimate they actually are. The thought of doing something good easily clouds otherwise sound judgment.
Despite a new openness in Iraq, it is still difficult to find legitimate Iraqi Dinar news about the new Iraqi Dinar,there is more information on the old dinars with Saddam Hussein’s picture on them which are no longer legal tender. Legitimate news is especially important now that with internet sales of the Iraqi Dinar are growing at an incredible rate.
There have been counterfeit Dinars floating around so it’s very important to use a credit card to pay for any Iraqi Dinar notes purchased online. This merely reduces your chances of getting stuck with fake Dinars as you will have a period of time to cancel the transaction. People should read all the Iraqi Dinar news they can find before making a purchase and not be blinded by the thought of getting rich quick.
Many of the new Iraqi Dinar investors are current and ex-military personnel or people who took jobs as contractors in Iraqi. These people are for the most part unsophisticated currency investors who are relying on advice from questionable sources. The internet is rife with rumors of the Iraqi Dinar revaluation ad what it will mean for investors but unbiased Iraqi dinar news is almost impossible to come by. Even the mainstream media outlets seem to be in the dark so investors are warned to wait until real news is available before making an investment in Iraqi currency.
What Would an Iraqi Dinar Revaluation Mean?
In recent years, there has been a substantial amount of speculation as to the fate of the Iraqi Dinar. Opinions differ as to whether there will be a revaluation of the dinar, and with no official announcement, everything at this point is pure speculation. If in the future there was to be an Iraqi Dinar revaluation it could prove to be a very lucrative investment for those fortunate enough to be holding dinars when the revaluation occurs.
Currently the Iraqi Dinar is being exchanged at $1 U.S. to 1166 dinars. If there were an upward revaluation of the dinar in relation to the dollar of say, $1 U.S. to 750 dinars, this would produce substantial profit for those holders of dinar. However, there is no way to know if, or when, this revaluation will take place.Due to this rampant speculation and uncertainty, Iraqi Dinar investment is extremely risky and not advisable. With no time horizon for a revaluation plan, the odds of being stuck with a significant number of worthless banknotes are quite good.
In a situation such as this, there is no middle ground in terms of speculation. Either you hold dinar and await an announcement by the U.S. or Iraqi government, or you wait and try to buy dinar immediately after the announcement, but by that time, it will be too late.
Currently there are no plans to revalue the dinar, and it appears that the Iraqi government is not in favor of doing so in the future.
The Iraqi Government Appears to be Against Iraqi Dinar Revaluation & Dollarization of Iraqi Economy
The most recent Iraqi Dinar news seems to hint to the fact that the Iraqi government does not want an arbitrary revaluation of the currency followed by complete dollarization of the economy. This is evidenced by statements made by Mr. Takatoshi Kato, Deputy Managing Director of the International Monetary Fund in reference to the International Compact with Iraq.
Mr. Kato stated that the central bank of Iraq has sharply increased interests rates. This was done for two reasons: first, to combat inflation in Iraq by allowing the gradual appreciation of the dinar. The second, and most important reason in relation to this discussion, was to de-dollarize the Iraqi economy and give the central bank more control over the economic conditions in the country, as well as reduce imported inflation. This is rather strong evidence that the central bank of Iraqi does not wish to revalue the Iraqi Dinar against the U.S. dollar, and neither does it wish to have dollars flowing into the Iraqi economy.
This turn of events could be very devastating news to anyone who was betting on a revaluation of the Iraqi Dinar in order to profit from an Iraqi Dinar investment. As the United States continues to lessen its presence in Iraq, it seems more likely that the Iraqi Dinar will be allowed to stand on its own, and float freely against other currencies.
The Status of the Iraqi Dinar
Trying to put a value on the Iraqi Dinar investment can be an elusive exercise. It is tightly held to the U.S. Dollar and for some time after the U.S. Invasion was considered on an equal par although popular opinion was that it was more on the order of a 3 to 1 basis with it.
During and after the Gulf wars, the Iraqi Dinar was on a roller coaster ride that ensured the decimation the currency. Now it takes over 250,000 Dinar to buy a low end appliance like a refrigerator or washing machine in Iraq. It takes over a thousand Dinar to buy a loaf of bread. And of course additionally the sanctions, unstable government, destruction of oil wells, and the lack of external and internal Iraqi Dinar investment, all contributed to the Dinar’s demise.
Currently, the Iraqi Dinar news is that it is trading at around 1175.5 (bid) Dinars to one U.S. dollar. This is the fixed amount against which the Dinar is tied. Occasionally, the government of Iraqi makes adjustments to the rate, but that is not done very often.
Is it possible to participate safely in Iraqi Dinar Investment? It will take some diligence on the investor’s part to stay close to the daily Iraqi Dinar news as the IQD (New Iraqi Dinar) is not, as of this posting, being traded on the open foreign currency exchange market. However, “Under the Order of the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen.”
While this paves the way for your purchase, you’ll still have to go to a foreign exchange market currency dealer to acquire Iraqi Dinar investment. Furthermore, despite the industry claims that are typically made, they will probably not be in the market to buy your Dinar back from you. Should they actually offer to buy it back; the amount will probably be at a deep discount compared to what you paid.
Buying New Iraqi Dinar at a respectable bank, look closely they are out there, and you can avoid the 30% plus markup that the currency dealers will charge, and it is certainly safer than dispatching cash. On the plus side buying New Iraqi Dinar from currency dealers, is that some of them will allow the use of a credit or debit card for purchase. If they use of these types of cards then the site is probably one of the safer currency dealers.
Ignoring the street hype, most logical minds doubt there will be an Iraqi Dinar revaluation to the US dollar on any scale other than a normal, slow increase in which their currency recovers. The street spin on this reads like a get rich quick phenomenon. As many claim a strong belief that the Iraqi Dinar investment will increase in value against the US dollar overnight. However, should the U.S. go through a period of hyper-inflation, this may be a good way to ride out the U.S. economy by inflation proofing your capital assets.
What You Should Know About Iraqi Dinar Investment
As Iraq continues to recover and experience tremendous growth, many individuals are beginning to wonder if an Iraqi dinar investment would be wise. At the present time, the dinar holds very little value, which means it can be purchased for very little money. It is indeed legal to purchase this currency, and sell it whenever you wish. If you decide to make a purchase, you will of course want to hold onto the currency until the value increases and you can make a profit.
Are there any guarantees that the dinar will increase in value? No. As with any currency type, there are various conditions that will determine the eventual value outcome of the dinar. Those who follow Iraqi dinar news will however be able to note the improvements that are taking place in Iraq right now. For many, these improvements alone are a strong indicator as to what the dinar may do next. You may think of it in the same manner as the US dollar, which has lost ground due to declined economic conditions.
Should you decide to purchase dinar, the amount you would like to purchase will be entirely up to you. However, the current limit per transaction is around five million dinar. It is possible to purchase dinar online and have it mailed to you. There are fakes in existence, so it will be to your advantage to perform some research on the source you plant to purchase from. Once you have it, you may want to store it in a safe place, such as a bank deposit box, or other secure facility.
Iraqi Dinar RevaluationThe Iraqi dinar revaluation will determine how much value the dinar has. The exact date of this revaluation has not been announced. However, many currency specialist feel that it will take place soon. Indicators point to an increase, but again, there are no guarantees. It is highly advisable that you spend some time researching the possibilities so that you will be able to make an educated purchasing decision.
In order to track the value of the dinar, find a currency exchange website that offers up to date information. An online currency converter tool can be used to quickly tell you the value of your dinar as it applies to the currency you typically use. You will want to monitor value changes on a regular basis, as you will want want to miss the chance to sell your dinar should it spike in value. With a revaluation possible at any time, it is advisable to check the value on a daily basis.
If at any point you wish to sell your dinar, you will find that plenty of companies will purchase them from you. A quick internet search will direct you to the companies or individuals who are purchasing dinar. Again, you will want to select a reputable company to ensure a smooth transaction, and the best rate for your dinar. Both buying and selling are easy tasks, so long as you take the time to consider those you wish to conduct this business with.
Predicting the Future of the Iraqi Dinar
It may seem that predicting the future of the Iraqi dinar is impossible. While it is true that the value of this, and all types of currencies, are subject to change at any times based on specific events or conditions, there are ways to determine where the dinar may be headed. Knowing the facts will help you determine if you wish to purchase dinar, and if so, how much you would like to invest.
Consider following the most current Iraqi dinar news if you wish to make predictions about the future of this currency. New is the absolute best source, as it is based on fact and not speculation. The events that are going on inside Iraq at this moment do make a difference. Many of the predictions about the sharp rise in value of the dinar are based on the amazing growth that is taking place within Iraq at this time. The United States is playing a role in this, and there is no denying that when help is being received, more progress can be made.Another topic that is currently open to questions is when the Iraqi dinar revaluation will take place. There are many indicators that point to this happening soon, as it should benefit the country greatly to have a currency that is valued correctly. At the time of revaluation, many questions will be answered. Should the value increase greatly, those who currently own dinar will be in the prime position to make a handsome profit. It will not be too late to make a purchase one the revaluation has taken place. However, the profit margin will certainly be slimmer.
Many feel that the dinar is currently undervalued by a substantial amount. The price to purchase dinar is indeed, quite low at this time. It will be up to you to determine the potential risk and reward ratios. However, the low price of dinar will allow many to make an investment without risking a great deal of funds. Some investors are purchasing millions of dinars, while others are taking a more cautious approach and purchasing smaller amounts. There is no right or wrong here, only what you feel comfortable with.
There are several sources now selling dinar, and it is available in many different denominations. It is possible to make this purchase online and have the physical currency shipped to you. There are no laws that state this currency can be purchased. Therefore, anyone who wishes to purchase dinar at this time may do so.
Iraqi dinar 2012 information is available from many sources online. Those who are considering this purchase will want to read as much information as possible in order to try to determine what the value of this currency will be in the future. As with any investment, there will be risks. Minimizing risks is simply a matter of being as educated as possible prior to investing your money. Once you sort the fact from fiction, you will be able to have a clearer picture of what to expect from the dinar in the near future.