Iraq Dinar Value Seems Likely To Significantly Increase

[Bjizzle30]

Iraq Dinar Value Seems Likely To Significantly Increase

The Iraqi dinar is the official currency of Iraq. The nation remains mostly isolated from international monetary markets. The country has no real sovereign credit, there is little need for its money which remains thinly traded. All Iraqi property, including its currency are seen as being a very great risk. The Iraqi dinar value, or the Iraqi dinar exchange rate, is effectively determined through the central bank via it’s US currency auctions.

The Iraq dinar was originally introduced in 1932 when Iraq grew to become independent from British rule. The dinar replaced the Indian rupee that had been introduced by the British following winning control of Iraq from Turkey in WWI. The Iraqi dinar has been a managed or controlled currency all through its life.

Initially, when it was first positioned into circulation, the Iraqi dinar was pegged in the direction of the British pound. By 1959 Iraqi national wealth had become more and more linked with oil. Oil was priced and traded globally in terms from the US currency, so the Iraqi currency peg was changed in the path of the US dollar and remains so to this day.

With the introduction of financial sanctions after the initial US Gulf Struggle, financial conditions deteriorated significantly in Iraq. Inflation spiraled to an annual rate of over 1000% by early 1993, unemployment expanded to over 50% and the worth of the Iraq money fell significantly. During 1994, the dinar was valued at about 2,500 per 1 US dollar. In an attempt to help the new money, a range of actions had been launched including a brand new law in 1996 to allow citizens to use financial institution accounts in a foreign currency.

Following the second Gulf conflict, new preparations were created to take effect on 15 October 2003 to issue a brand new Iraqi dinar and also to manage the Iraqi dinar exchange rate. Since those new arrangements were launched, the Iraqi dinar value has steadily increased. The present exchange rate is 1,170 dinars for one US dollar.

Data published through the US Central Intelligence Agency points out that the number of Iraqi dinars required to purchase a US dollar was 1,475 dinars (on average) throughout 2005, 1,255 during 2007 then down to 1,170 in 2009. The exchange rate today remains near 1,170 dinars per US currency.

Iraq is rich in raw oil, now possessing the 2nd largest level of confirmed crude oil reserves following Saudi Arabia. Iraq lately quantified its proven raw oil reserves at 143 billion barrels, in comparison with Saudi Arabia with 265 billion barrels of proven reserves. More importantly, these reserves are easily accessible and therefore the oil has a low cost to produce. About 95% of Iraqi export income is generated from raw oil or oil derivative commodities.

Longer term, as political balance returns to Iraq, its financial system increases efficiencies and its citizens capture the complete worth of the national crude oil abundance, the Iraqi dinar worth may be expected to strengthen considerably above its present trading valuations.

Like most national currencies in the world today, the Iraqi dinar value is important to those who do business internationally. The opportunities available to those who are considering investing means tracking the Iraqi dinar exchange rate consistently

http://www.financialnewsline.com/investing/iraq-dinar-value-seems-likely-to-significantly-increase/

[RVDinar4MyFamily]

Good sign, others are starting to take notice.

Thanks for the post

[FloridaEd]

at the bottom of the link........

Posted by Tom Harris on Nov 9th, 2010 and filed under Investing. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

I'm just saying..... GO Strong. GO RV

[cressie]

It links to a site that links to selling dinar

[dinardarius]

Can I have a rate and a date GOOOO RV

[baxter65]

Great post Go RV :lol:

[Jrose]

Good info, thanks for the post.

Are we their yet???

Edited July 11, 2011 by Jrose

[LazySusan]

Iraq Dinar Value Seems Likely To Significantly Increase

The Iraqi dinar is the official currency of Iraq. The nation remains mostly isolated from international monetary markets. The country has no real sovereign credit, there is little need for its money which remains thinly traded. All Iraqi property, including its currency are seen as being a very great risk. The Iraqi dinar value, or the Iraqi dinar exchange rate, is effectively determined through the central bank via it’s US currency auctions.

The Iraq dinar was originally introduced in 1932 when Iraq grew to become independent from British rule. The dinar replaced the Indian rupee that had been introduced by the British following winning control of Iraq from Turkey in WWI. The Iraqi dinar has been a managed or controlled currency all through its life.

Initially, when it was first positioned into circulation, the Iraqi dinar was pegged in the direction of the British pound. By 1959 Iraqi national wealth had become more and more linked with oil. Oil was priced and traded globally in terms from the US currency, so the Iraqi currency peg was changed in the path of the US dollar and remains so to this day.

With the introduction of financial sanctions after the initial US Gulf Struggle, financial conditions deteriorated significantly in Iraq. Inflation spiraled to an annual rate of over 1000% by early 1993, unemployment expanded to over 50% and the worth of the Iraq money fell significantly. During 1994, the dinar was valued at about 2,500 per 1 US dollar. In an attempt to help the new money, a range of actions had been launched including a brand new law in 1996 to allow citizens to use financial institution accounts in a foreign currency.

Following the second Gulf conflict, new preparations were created to take effect on 15 October 2003 to issue a brand new Iraqi dinar and also to manage the Iraqi dinar exchange rate. Since those new arrangements were launched, the Iraqi dinar value has steadily increased. The present exchange rate is 1,170 dinars for one US dollar.

Data published through the US Central Intelligence Agency points out that the number of Iraqi dinars required to purchase a US dollar was 1,475 dinars (on average) throughout 2005, 1,255 during 2007 then down to 1,170 in 2009. The exchange rate today remains near 1,170 dinars per US currency.

Iraq is rich in raw oil, now possessing the 2nd largest level of confirmed crude oil reserves following Saudi Arabia. Iraq lately quantified its proven raw oil reserves at 143 billion barrels, in comparison with Saudi Arabia with 265 billion barrels of proven reserves. More importantly, these reserves are easily accessible and therefore the oil has a low cost to produce. About 95% of Iraqi export income is generated from raw oil or oil derivative commodities.

Longer term, as political balance returns to Iraq, its financial system increases efficiencies and its citizens capture the complete worth of the national crude oil abundance, the Iraqi dinar worth may be expected to strengthen considerably above its present trading valuations.

Like most national currencies in the world today, the Iraqi dinar value is important to those who do business internationally. The opportunities available to those who are considering investing means tracking the Iraqi dinar exchange rate consistently

http://www.financialnewsline.com/investing/iraq-dinar-value-seems-likely-to-significantly-increase/

I wish people wouldn't bring these articles here without first thoroughly researching them. No offense Bjizzle30. There are two links at the bottom of the article taking you directly to a dinar seller, someone I've never heard of. This article (not the person who brought it) is why so many people buy more, more, more dinar without really knowing anything about it, and why they get so upset when it doesn't RV as "promised."

I'm just encouraging everyone here to please be responsible when bringing, and reading, articles to the forum. This article is the most egregious pumping out there. There are some that are on the edge both financially and mentally. Wouldn't want to make them jump! Thanks!

in fact, on second thought, if mods agree, this topic should be closed or deleted. JMO

Edited July 11, 2011 by LazySusan

[RVDinar4MyFamily]

I wish people wouldn't bring these articles here without first thoroughly researching them. No offense Bjizzle30. There are two links at the bottom of the article taking you directly to a dinar seller, someone I've never heard of. This article (not the person who brought it) is why so many people buy more, more, more dinar without really knowing anything about it, and why they get so upset when it doesn't RV as "promised."

I'm just encouraging everyone here to please be responsible when bringing, and reading, articles to the forum. This article is the most egregious pumping out there. There are some that are on the edge both financially and mentally. Wouldn't want to make them jump! Thanks!

in fact, on second thought, if mods agree, this topic should be closed or deleted. JMO

Im not sure what adds you are talking about, I only see the google adds which are not sposored by the website, and are based on your own search history.

This is just on opinion piece but seem legit to me unless I am missing something.

[Bjizzle30]

I wish people wouldn't bring these articles here without first thoroughly researching them. No offense Bjizzle30. There are two links at the bottom of the article taking you directly to a dinar seller, someone I've never heard of. This article (not the person who brought it) is why so many people buy more, more, more dinar without really knowing anything about it, and why they get so upset when it doesn't RV as "promised."

I'm just encouraging everyone here to please be responsible when bringing, and reading, articles to the forum. This article is the most egregious pumping out there. There are some that are on the edge both financially and mentally. Wouldn't want to make them jump! Thanks!

in fact, on second thought, if mods agree, this topic should be closed or deleted. JMO

I can certainly understand your view and no offense taken. But this is what the rumors section is for, rumors. If you're looking for facts, you might want to stay away from this section. It gets crazy, lol.

[horns]

DO IT ALREADY!!!

Posted by Tom Harris on Nov 9th, 2010 and filed under Investing. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

[LazySusan]

Im not sure what adds you are talking about, I only see the google adds which are not sposored by the website, and are based on your own search history.

This is just on opinion piece but seem legit to me unless I am missing something.

Within the article, down near the end. They're not ads. They're hyperlinks within the texts.

I can certainly understand your view and no offense taken. But this is what the rumors section is for, rumors. If you're looking for facts, you might want to stay away from this section. It gets crazy, lol.

You got that right. No worries