Iraqi Dinar equality to dollar,
Zubaidi suggests
Iraqi Dinar equality to dollar,[6/27/2006]
Finance ministry & Iraqi Central Bank study a suggestion about lifting off the worth of Iraqi dinar and returning back as the past.
And the suggestion supported by the World Bank. Finance minister Bayan Jabr Zubaidi declared that he suggested on bank governor lifting off three zeros so dinar would be equal to dollar. on the other hand, he declared his support for national peace initiative.
Iraqi dinar trading permit extended
Finance minister renews permit to trade Iraqi dinar in Israel, extended validity by two years
Zvi Lavi Published: 09.03.07, 09:00 / Israel Money
A special permit for trading Iraqi dinars in Israel has recently been renewed. Finance Minister Ronnie Bar-On decided on the move due to the widespread trade of the currency in the country.
Initially, the permit was issued for a period of one year; its renewal has extended its validity by two years, despite the fact that Iraq is considered an enemy state.
According to estimates by Govev Investments, which has been trading the Iraqi currency over the past year, the currency turnover equals in value to over $20 million. The Iraqi dinar currently stands at $0.0008.
In the United States, the currency turnover has reached nearly $500 million since the Iraqi dinar began being traded there at the end of 2003, following the printing of new bills issued by the al-Maliki government, which was voted into office under the auspices of the American occupation.
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The demand for Iraqi currency in Israel has increased since trading began, under the assumption that its value will also increase with the rehabilitation of Iraq and its economy.
Economists see a promising potential in Iraq to become a wealthy, modern country because of its oil and gas reserves, and its vast, fertile agricultural land.
2007-09-03 05:03:38 · 4 answers · asked by hitan_2005 3 in Business & Finance ➔ Investing
I'm also considering it. But, I wouldn't invest a large percentage of your portfolio there ... maybe 5% of your total investment (at most). Too uncertain.
2007-09-03 05:23:09 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋
Sounds good but I wouldn't invest until after we leave the country and they take care of themselves for a couple of years. Who's to say after we leave all heck breaks loose and the govt topples again? What will happen to the value of the Dinar?
2016-05-20 02:11:48 · answer #2 · answered by ? 3 · 0⤊ 0⤋
you can! really you would be supporting the Iraqi people, helping their country rebuild. by holding dinars outside of the bank you give them an interest free loan called seniorage.
it doesn't take much money either, you can spend about $25 bucks for a $25,000 note, that's not a bad deal.
Just don't spend all your money on one investment!
2007-09-05 08:58:04 · answer #3 · answered by JGdancin 2 · 0⤊ 1⤋
You can but no one can predict the future.. Just take look at the link below to learn more about other investments.
2007-09-03 05:09:39 · answer #4 · answered by Anonymous · 0⤊ 1⤋