Iraq has the 2nd largest oil reserve in the world. They are not a poor nation. And after the war is over, it is likely that they will be one of the wealthiest. A devaluation of the Iraqi currency is highly unlikely. It's possible that they will replace the currency with new bills. That seems to be the biggest threat that investors face. But even that seems unlikely when you consider how much money and technology was invested in the new bills.
Buying the Iraqi Dinar is starting to seem more like an investment and less like a gamble when you look at the whole picture. It isn't a get rich quick scheme. It's an investment in a country that has a potentially prosperous future. It may take years before any of us see a profit on our investment. And this may not even be the best time to buy Dinars. The war is still going on, which means that the value of the Dinar may fall even lower than it's current rate. But todays investors will still see huge profits should the Dinar increase in value after the war.
The dinar has already gone from 3000 to 1 us dollar to 1470 to one us dollar so it's getting stronger despite of the war. It 'll continue to improve in the future. Scott
once the latest oil reserve identified is pumped, enough oil to supply the world for a hundred years
There is not enough oil left in the ground in the entire world to supply us for 50 years, and you saying Iraq alone has enough for the entire world for the next 100?
The information about tying the value of the dinar to the price of oil is completely false and makes no more sense than the idea of making 2% daily by sending money to PIPS. It is not going to happen.
In a few years Iraq may stabilize and the value of the dinar may increase. On the other hand Iraq may end up in a devastating civil war and the value of the dinar may go even lower. Right now it is a guessing game that nobody has the answer to. The new government doesn't have the freedom to go outside and look at the sky much less govern effectively.
One thing is for certain. While the insurgents have the freedom of movement they now have and can kill hundreds of people daily the value of the dinar is not going to increase.
Anybody who tells you different has profit motives.
The information about tying the value of the dinar to the price of oil is completely false and makes no more sense than the idea of making 2% daily by sending money to PIPS. It is not going to happen.
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I assure you I am not a seller, my source is solid on the revalue. I am just saying that those who are invested should make plans for their new found weath. But we will soon see who is right.
I assure you I am not a seller, my source is solid on the revalue. I am just saying that those who are invested should make plans for their new found weath. But we will soon see who is right.
would be nice to see !... but i think it will be a much longer term before any decent profit will show ... my dinars are safely tucked under my mattress for now ...
That is pretty much the situation in Iraq. Traditional enemies have been hardened in their positions by years of Saddams rule. These factions although they have a similar religious belief hate ech other.
When the European Powers abandoned their conquests they formed nations out of opposing tribes. Maybe it was intentional so these new nations would be so unstable as to never pose a threat to their former conquerors.
These differerences won't be resolved in time for anyone buying dinars now to profit. We will all die of old age and these factions will still be fighting and killing each other as they have been doing for centuries. Even the military might of the US and Great Britain isn't enough to keep them apart as you can witness today and tomorrow by the number of people killed in insurgent and suicide attacks. Fanaticism is an impossible enemy to defeat.
The dinar looks good as a long term investment but is far from a secure investment. On the other hand few investments are secure.
Iraq has a long way to go before it has a stable economy. I suppose it is a gamble that many are willing to take but I will not be buying any dinars while an average of 100 people are dying daily in suicide bombing and insurgent attacks.
Maybe next century Iraq will take it's rightful place among the economic powers but it will be a slow rebuilding process. The war was over quickly and not everybody had had their fill of the killing, unlike the axis powers at the nd of WWII. That was a long and protracted war which both sides were happy to have ended, allowing the rebuilding process to get under way.
Before rebuilding can really start they have to STOP blowing things up and that us nowhere close to happening.
Re: Iraqi Dinar investments
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