Investing in Iraqi Dinar

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After the execution of Saddam Hussein, the upcoming Iraqi new government took off the picture of Saddam Hussein from the Iraqi dinar. A New Iraqi Dinar was introduced. This has been introduced in the international money market and is open for investment. People show a mix behavior as taking this as an investment. There are various options available to invest in IQ. Currency dealers are dealing with Iraqi Dinar in the international money market readily.

After ending the Iraq war the new currency value of Iraqi Dinar Investment is very low. Currently 1 USD = 1162 IQ. Despite having the fact that the value of Iraqi dinar is very low then, why, this is still getting the consideration of good investment in future. In fact there are so many reasons behind it. Now after passing through a long distance of war, the country getting started to stand on the feet. After having the worst effect of dictatorship on Iraqi dinar, now it looks like Iraq is on the road to prosperity along with his oil reserves. No one can deny of this great fact that, Iraq is ranked 2 in oil reserves in the world. Oil field is the biggest tool in the hands of Iraq that really can trigger the Iraq’s economy by leaps and bounds.

In addition, the growth of Iraqi Dinar is strongly associated with the political and economic condition. Growth of Iraqi dinar is depending a lot upon sound political platform and gradual increase in economic growth, these are the basic factors that can play a vital role to see Iraqi dinar prosperous.