Iraqi News Why Invest in Iraq?

[emiyoly]

;)Why Invest in Iraq? Strong Asset Base

Iraq is the Second Largest Oil reserve holder in the World with reserves worth over $10 trillion at the current market value. In April 2008, Iraq's Deputy Prime Minister Barham Salih said that the country may have oil reserves of 350 billion barrels, an amount that is triple its proven reserves and which even exceeds the oil in Saudi Arabia, reported Reuters. Salih said these estimates have come from 'reputable sources, reputable companies'. This is a positive factor in the economic future and sustainability of Iraq especially with rising oil prices and Iraqi oil production escalating every passing month.

An opportunity to purchase the Iraqi Dinar at an all time low

The value of the Iraqi dinar was well over $3 USD before the Gulf War. However, after the imposition of trade sanctions and uncontrolled counterfeiting, the value of the Iraqi dinar has dropped over USD$3, to fractions of a penny. A similar situation occurred in Germany after World War II and in Kuwait also during the Gulf War. However the German Mark now the Euro and Kuwaiti Dinar have both regained their superiority over the United States dollar and the Kuwaiti Dinar the only difference being that Germany occurred over the course of 40 years and Kuwait practically overnight. So the real question to ask yourself is... will Iraq be able to achieve economically what it previously achieved under the dictatorship of Sadaam Hussein.

Global Investment and Technology

Thirty-eight nations have reduced the debts owed to them in an effort to bolster Iraq's economy. Billions of dollars are being invested by international firms to create Iraqi markets. Eighteen billion dollars has been given to Iraq by the United States State Department to rebuild the nation's infrastructure. They are receiving aid monetarily, militarily or both, from most of the countries in the free world.

Furthermore, the two pre-eminent causes for the collapse of the Saddam dinar have been removed from the equation. Trade sanctions have been lifted and the currency's high tech security features has greatly reduced the ability for counterfeiters to operate.

Read More on the Latest Developments in Iraq

Signs of Growth

In the wake of Saddam Hussein

[gr8cooker142]

Your post........ I don't know are you bored??? Same old stuff said time and time again

[emiyoly]

Well, you don't have to read it if you don't like it......

[gr8cooker142]

Don't worry I past right over it when I saw that it was the same old thing over and over again. I give every post a chance but yours was a waste. It took more time for you to paste you post then write it

[emiyoly]

Thx for the compliments!!!!!!

[bahtman]

Emiyoly,

As I mentioned on another one of your threads, if you are continually going to bring articles from another site, please label them as such:

instead of throwing them out there like they are your thoughts. I know that you have admitted that they are from a certain site, but still, make it clear from the beginning and you don't have to answer the questions OR listen to me.

Anyway thanks for bringing them over for the people that don't have the time to search.

[emiyoly]

Thx again for the advise bahtman, from now on that's exactly what I'm going to do, and like you say there people that don't have time to search.

[wilecoyote]

I have to appreciate the time you spent searching, your intention to put something out there for some one to read and gain insite. Thanks.