Breaking news for Investors

[VIZIOIRAQI]

Breaking news for Investors: Iraqi Dinar is soaring high once again!Found at DD

* Member Contribution: Breaking news for Investors: Iraqi Dinar is soaring high once again!

March 10th, 2011 12:33 am · Posted in MEMBERS (Dinar & Iraq Insight)

Nowadays Dinar, the currency of Iraq is an object of great interest to all keen investors. With the Dinar rapidly increasing in value, it will now be able to vie for supremacy with strong currencies of the world like the US dollars and the British Pound Sterling. The good news is that Iraqi Dinar is now available at post-war prices, roughly worth about 0.1 US cents and its chances of generating future profits is also rising quite high day by day. Only time and global economy can tell what lies ahead for the Iraqi Dinar, but it seems we are now closer than ever to seeing it happen.

Iraq’s economy is dominated by the petroleum sector and it is the holder of the world’s second largest oil reserve. Since right now it is quite stable and free from any fear of future down turn, the investors are trying to make the most out of it. They are buying large amount of currency and reselling them at higher prices with almost no risk. This tendency of the investors to make greater profits with the lowest amount of risk involved is mirrored through the internationally high demands for the Iraqi currency.

The reason for this increase in value of the Iraqi Dinar can be traced back to the successful fiscal policies pursued by the Iraq government. One more reason behind the Dinar’s strength accumulation against the dollar is the recent year drop in the value of the US dollars. Local dealers who would rather have traded in the US Dollars seemed to have changed their minds and shifted to the Iraqi Dinar now. The Iraqi Dinar can significantly ride on the back of the recession hit US to give itself some measure of significance among strong currencies across the globe.

The constant outflow of Iraqi Dinar also helps to improve the country’s economy to a great extent. Almost every cent spent on buying the local currency is invested into economic growth and sustention in Iraq. Continued international cooperation and support play a significant role in the radical growth of the Iraqi economy. Billions of foreign dollars have been invested into military and civilian support, debt relief and economic ties and have provided Iraq the capability to fully develop its potential. Currently, the Iraqi Dinar is being cotated at 1 US Dollar, roughly equaling 1200 Iraqi Dinars.

The Iraqi Dinar had been an easy target for counterfeiters in the past due to the poor quality of the paper. However, now the scenario has changed completely and up-to-date features are introduced such as watermarks, security thread, raised letters, and optical variable ink and so on.

So, if you are someone who had taken the risk to invest in the Iraqi Dinar at an early stage then you might make a lucrative profit. And who knows, you might even be in a position to retire early

[youliveonce]

Heard this a billion times. Does the term "sounds like a broken record" ring familiar. ?

[chriscures]

to me this is just more confirmation that this is a good investment. thanks for the post

[Nut-Job]

thanks for the post.........it's RV time soon

[BanG]

Heard this a billion times. Does the term "sounds like a broken record" ring familiar. ?

Well if the site STAFF MEMBER knew this do you really think they would waste our time by double posting it? Besides if you do not like an article or have read it before then why BASH the poster of it? Simply do not read it or comment on it do ya think? In the meantime I see your new to this site, instead of Pissing and moaning why don't you keep silent and look around and learn a bit about the site before you begin your silly whining spree? JMO.

[desimo]

If they know where the IQD is valued at about 1cent I would love to know please.

[keepmwlknfny]

This must be an older article rehashed like a bunch of the others......with statements like " the dinar rapidly rising in value" Im thinkin this must have been written back when it was like 3-4000 to 1 USD and it was on the move up.....not trying to be negative, just doesnt make sense for a supposed "current" article considering the value has been locked at 1170 for sometime now!

[nointel]

this article was posted a few days ago, not sure if it was here or some other forum. and exactly where has the value of the dinar been soaring? seems to me it has been steady at around 1170 for more than 2 years now.

[jbbdolphins]

Thank you for the post, but I have a question...this statement "So, if you are someone who had taken the risk to invest in the Iraqi Dinar at an early stage then you might make a lucrative profit. And who knows, you might even be in a position to retire early" what about the newer investors? Won't they make the same profit? Just curious!!! Go RV!!

[MrDinarman]

Thank you for the post, but I have a question...this statement "So, if you are someone who had taken the risk to invest in the Iraqi Dinar at an early stage then you might make a lucrative profit. And who knows, you might even be in a position to retire early" what about the newer investors? Won't they make the same profit? Just curious!!! Go RV!!

Nope!

[ahlanwasahlanRV]

It would seem that early investors who paid less per dinar would profit more than recent investors.

Also...they quoted the amount of 0.1 (ten cents). I wonder if they meant or 0.01 (one cent)?

[TheUnspoken]

The difference is minimal in relation to how much you will gain in return regardless.

Let's just say you had 100,000 IQD, if it went 1:1 you'd have $100,000 (or $65,000 after 35% Taxes), you paid $180 today, maybe $50 back in 2004.

So the difference is so small that you wouldn't even notice.

[rockets of desire]

Nothing like "Old News".

The article is dated the 10th of March.