If your expectations come true, and the exchange rate improves to a hypothetical value—say one U.S. dollar equals one Iraqi Dinar, then your IQD/USD investment is now worth $1.16 million. Under ...
No. Any currency that isn’t convertible like Iraqi Dinar is not worth the paper it’s written on. What happens in 100% of the cases like this is that when Iraq does its next currency reform, you will have to turn in old Dinars for new Dinars and th...
When I was in Iraq several soldiers I knew made lots of money by investing in the Dinar. (I take it you have not been watching the steadily increasing value of Iraqi currency.) Hint: the only times the media reports on Iraq it is bad news - so any subject they do not report is something that is going well.
The main question is: will the value of the Dinar continue to increase enough to ever reach pre-war heights again? To clarify, I was in the region during OIF (over 10 years ago) and bought $750 USD worth of Iraqi Dinar in the local economy.
The question is, will it ever be worth anything and if so, what impact will it have on Iraq. Because of the continual failure of fiat currency (paper money) and the impracticality of going back to the gold standard, there is a push to a resource based valuation of currency .
Dinar Value & Exchange Rate. The value of the dinar has remained unchanged for the past several weeks. However, there are a number of factors that could affect its value in the coming year. Overview of Spending. The Iraqi government faced a spending shortfall over the last few months due a decline in global oil prices.
Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow “revalue” or “RV” the currency, boosting its current value of ...
Enter the amount to be converted in the box to the left of the currency and press the "convert" button. To show Iraqi Dinars and just one other currency click on any other currency. The Iraqi Dinar is the currency in Iraq (IQ, IRQ). The exchange rate for the Iraqi Dinar was last updated on May 21, 2020 from Yahoo Finance.
Iraq has issued a tender to drill 50 new oil fields in the southern province of Maysan, according to Arab daily Azzaman. The ministry of Finance together with the Central Bank are studying a proposal to raise the value of the Iraq dinar in order to return it to previous levels where one dinar was valued at $3.33 US dollars.
It’s worth about 1/12th of a cent currently. Convert IQD/USD. Iraq Dinar to United States Dollar As an investment, I would personally not recommend holding large amounts of IQD in cash as it is a relatively illiquid currency— that is unless you kn...