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BACKGROUND OF POTENTIAL
Iraqi Dinar
1 . Iraqi Dinar value before 1990 was 1 dinar = USD 3:20 . At that time, also Kuwaiti Dinar
worth 1 dinar = USD 3:40 .
2 . Vs Kuwait during the Iraq War in 1990 , the Kuwaiti dinar plummeted to USD 0.30. on
2003, the Kuwaiti Dinar rebounded to USD 3:40 . But economists predict
Iraqi Dinar will soar even equal to USD 3:20 .
3 . Iraq has the first largest oil reserve and third largest gas reserve in the world
4 . Oil exploration in Iraq now is towards the production of 11 million barrels per day in
period of 5 years, which is the equivalent to the total production of Saudi Arabia .
All great investors and investment funds focused world and poured into Iraq looking for
oil . What is the value of the dinar is now reasonably be less than one cent USD ? NOT FAIR
ONCE . It is appropriate to return to the real value of U.S. 3:20 ! !
5 . The value of the Iraqi dinar will rise in tandem with oil production . Analysts predict if
Iraq achieve production of 5 million barrels per day , then the value is at least Dinar
equivalent to USD 0.30.
6 . After the float , Dinar can be traded on the open market . Commercial banks and Changing
Money is a medium of currency selling something that has been floated .
7 . United States is the most widely buy Iraqi Dinar . now they
most expect this dinar floated in the USD 1:47
8 . Iraq has gone through two elections are more democratic than Saddam Hussein .
Then the political system , administration and the Iraqi economy is now better organized than
the past era .
9 . Iraq stock exchange electronically will be open to foreign investors . Then needs Dinar
floated is extremely critical that boost this Stock Exchange .
10 . Iraq plans to create a small dinar note as 1/2 and 1 Dinar is a
a clear indication that the Dinar will soar .
11 . In 2003 , when the new Iraqi dinar was introduced , economic forecasters expect
Will dinar floated in the period between 5 to 10 years . Now after 10 years , then it
of the MOST REASONABLE AND awaited by all parties
12 . When the dinar was floated , then in practice often it can be sold or exchanged in
any commercial bank or money changer .
RECENT DEVELOPMENTS
13 . 27 June 2013 - IRAQ Been Released from Chapter 7 .
14 . July 1, 2013 - Bank of America ( CITIGROUP ) , the first foreign bank to operate in Iraq
15 . July 1, 2013 - Central Bank of Iraq began to publish exchange Rate / Foreign Exchange IQD against USD , GBP , EUR , JPY etc.
16 . View IQD rate rising against the dollar after the publish ( although very small , but it is a positive indication ) .
1 July 2013 : 1 USD = 1166.000
7 July 2013 : 1 USD = 1162.920 ( up)
8 July 2013 : 1 USD = 1162.100 ( up)
9 July 2013 - maintain 1163.41 (down )
Source: www.cbi.iq and www.xe.com
Profits derived : -
If he IRAQ currency revaluation , say IQD 1 = U.S. $ 1
So , if you have 1 Million IQD = not equal to the value of Rs 3 million ( 1 million * 3:00 = as USD 1 = RM 3.2 ) ,
You can be richest later.
But keep in mind , there is the risk of investment in every where .
Sya & Hope In God we - the currency he will be reassessed because of the value he now is under extreme value when Iraq is rich in oil .
But , we are not sure what direction @ method the Iraqi government to re-evaluate him after the free exchange of Chapter 7 .
We do not know , any time whether Iraq will declare RV ( the value of the currency ) .
