Talking about Iraqi Dinar...what do you think about this currency? Do you think that the currency will get....

Question

better after the election of the new US president? Why?

Anyway, do you also think that Iraqi Dinar would recover if US set Iraq free? How likely do you think that US government will set them free?

Just for your information, there's already been a new currency for Iraq. So, what do you think of the answers to the questions above?

Answer 1

I doubt that the Iraqi dinar will strengthen much, if at all. I do not foresee political stability in Iraq, regardless of what the US does. There are too many factions vying for power.
I think that the Iraqi dinar will most likely go the way of the Iranian rial, which has lost over half of its value vice the US dollar over the past five years.
In addition: Read the following article! Iraq is considering remonetizing yet again this summer. If this happens, all current Iraqi banknotes will most likely become worthless after a few months changeover period:

Iraq May Revalue The Dinar

13 Aug, 2007 - Iraq: Kurdish newspaper, Lasso printed in Baghdad that the Iraqi government on changes to key Iraqi dinar currency. A source from the Presidency of the Council of Ministers of the Economic Commission reported that they are preparing systems for the removal of the three zeroes on the Iraqi dinar and thus return to the status quo ante, that is, before the second war in 1991. According to the source, the reason for this decision is the low level of inflation in the Iraqi economy, as indicated by the same source close to the implementation of changes to the dinar and the issuance of new currency that will appear in the Kurdish language writing and pictures of the historic Castle Irbil. Bringing 1000 dinars equal one Dinara one, and thus allowing the notes 5, 10 and 25 dinars to replace the 5000, 10000 and 25000, the 250 and 500 dinars, and restoring a quarter and a half dinars.

Translated from ForatNew.com.

Answer 2

No. The Dinar crashed after the invasion, and the goverment backing it... went away. It is more likely that the new govenment will come up with a new currency.

If the 'insurgents' would stop destroying the oil infrastructure in Iraq and let the Iraqis actually get oil out of the ground and to customers, then things may turn around.

Answer 3

of course it will gain strength! have patience, wait for the oil laws to be passed. might see more movement after the primaries. also watch this January when they recall all the coins... its very tricky because they don't want it to be obvious that you can make money, cause then everyone would be buying. remember a few years ago when china said they wouldn't revalue then the next day they did just that. you wont know until it happens

Answer 4

I don't know about before the election

but what i do know is

Iraq is the 3rd largest oil producing country and as soon as we pull out and they can run there country the revenue form there oil we help the value of there money