|
Reasons to invest in the New Iraqi Dinars..
So why invest in the New Iraqi Dinar? Before you read the whole section there are 2 main reasons as to why this could prove to be a rare opportunity for you: 1 - To make over 1000% on your investment after Iraq reaches it's economic potential. For this you must wait and remain optimistic about the economic recovery of Iraq. 2 - To make profit right NOW out of selling New Iraqi Dinars to those who have accepted the risks and are willing to buy. Click below to see ways to sell or exchange your dinars.
So, as an open trade nation will Iraq gain the confidence of conservative foreign investors? We shouldn't forget that the Iraqi Dinar has long been a strong currency, dating back to biblical times. Its decline begun after Saddam Hussein controlled Iraq. Right now, it is at a historically low rate but has gained a significant appreciation since its new launch and continues to rise. Many have compared the situation in Iraq with that in Kuwait, but a better analogy might be the one about Japan and Germany and what happened after World War II. As their economies were rebuilding people could buy their currencies very cheaply. Once their economies recovered, anyone who took advantage of that opportunity became extremely wealthy. Click the graph below to see in detail how the New Iraqi Dinar has been performing. The document is provided by the Central Bank of Iraq. The rates start from year 2004. Scroll down until the end of the report to view the latest NID rates.
The Study Report which was put together by members of the US Institute of Peace explains in detail all the consequenses should situation in Iraq continues to deteriorate. Click below to download a copy of the report.
A deputy in the Iraqi Parliament, Hassan Al-Sunaid revealed that the rate of the Iraqi Dinar will have a significant growth against the dollar by the middle of 2007, reaching 1200 iraqi dinars to the dollar. Please note that in November 2006, 1 dollar was worth 1480 Iraqi Dinars and by January 2007 the dinar gained over 12%. In May of 1997 it has reached 1260 dinars per dollar so Mr Al-Sundaid's statement is proving to be accurate. Click below to view the article.
Iraqi dinar currency reserves are stable and growing. The Iraqi government has made progress in meeting benchmarks set by the International Monetary Fund. In some areas prices are getting closer to those in neighbouring regions. Demand for the New Iraqi Dinar IS rising. A significant amount of Iraq's government debt has been relieved through the Paris Cub agreement and this has put the country on firmer financial footing. The US is currently working with the United Nations and other partners to provide Iraqis with greater debt relief. In return, the Iraqi government will agree to achieve certain economic reform milestones and reaching economic self-sufficiency by 2012, giving the iraqi dinar the chance to rise to its previous level. Below is a recent article explaining the current efforts of the United Nations to bring global support in Iraq.
At the moment, the iraqi government and the people of Iraq are not taking the steps necessary to prevent catastrophe through civil war and intervention by their regional neighbours. However, it is only a matter of time until they do. Already US companies and government has invested billions of dollars in Iraq, even though the risks have been enormous. If you are in a position to accept these high risks then you have the chance to profit from this rare investment opportunity.
|
