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Written by admin
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Tuesday, 03 March 2009 06:34 |
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Since the first New Iraqi Dinar was introduced in 2003, there was always pro and con. Some people said the Dinar is just a scam and will only cause the buyer to loose money. While some other believe that this is a one a life time opportunity to get the maximum profit and can be use for retirement. I believe these two sides will always come out with their new arguments to back up their reasoning. I personally prefer to believe in fact. If we look at the exchange rate for USD to IQD since their inception in 2003, there were substantial increase already. From 2003 to 2005 there were not much change in the IQD value. However since 2006 until now, the IQD are steadily gaining strength again USD (see the table below) | Date | 1 USD to IQD | | Jan-06 | 1477 | | Aug-06 | 1476 | | Jan-07 | 1310 | | Apr-07 | 1272 | | Aug-07 | 1240 | | Jan-08 | 1214 | | Apr-08 | 1204 | | Aug-08 | 1187 | | Jan-09 | 1171 | Increment about 20% in 3 year or increase about IQD 100 / year. While other major currency are loosing strength again USD, the IQD is gaining strength. Although the increment is not as fast as Dinar’s investor wanted but it still quite a good return Before you invest in Dinar, find out as much as possible about information in Iraq. If you think the condition is improving then you can make your investment. Only invest if you have extra cash and be prepare for long term investment.
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Last Updated on Tuesday, 03 March 2009 06:39 |