what will be the driving force to get the currency esculating
2006-10-15 18:35:01 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
Today's rate is 1 dinar = $.0006803.
The main concerns are inflation, economic malaise, and political uncertainty. If, as some expect, a full-scale civil war erupts, dinars will not be worth much.
What it will take for the currency to stabilize is an Iraqi-run government to demonstrate that it is capable of restoring order and running the economy effectively. Until that time, I would try to avoid any holdings in dinars.
Best of success.
2006-10-16 12:07:30 · answer #1 · answered by Thinker 5 · 1⤊ 0⤋
If you invested in Iraqi dinars, you have almost no chance to make money on your investment. With all the uncertainty in Iraq, I seriously doubt that there is any chance that the Iraqi dinar will ever go up much and a very good chance that you would lose your investment.
Compare it to the Iranian rail. over the last three years. The rial has gone from 3000 / US$1 to over 8000 / US $1, and that is a reasonably stable government.
Here is a link to a good article that you may find interesting:
http://money.cnn.com/2004/08/10/pf/expert/ask_expert/
2006-10-16 21:05:01 · answer #2 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋
Is there an answer? If the smartest people on the planet got together to think about it, would there be an answer? There would surely be a lot of opinions.
2006-10-16 04:14:42 · answer #3 · answered by Anonymous · 0⤊ 1⤋