 Why buy Iraqi Dinar? |
A historical and geographical comparison:
Kuwait
Prior to Saddam Hussein’s invasion of Kuwait in 1990 one Kuwaiti Dinar was worth $2.79 U.S. Dollars (USD.)
After Saddam Hussein’s invasion of Kuwait the Kuwaiti Dinar plummeted to a value of $.10 on the Dollar.
When the U.S. lead coalition removed Saddam the Kuwaiti Dinar could be purchased for pennies on the Dollar. Today one Kuwaiti Dinar is worth $3.42 U.S. Dollars (USD).
Keep in mind that Kuwait is the third largest oil producing country in the world…Iraq is second.
The historical and geographical scenarios playing out in Iraq today:
That’s right, Iraq is the second largest oil producing country in the world or was prior to the First Gulf War. Iraq still has the 2nd largest oil reserve in the world. Saudi Arabia has the first largest oil reserve in the world.
Before Saddam came to power the Iraqi Dinar was worth $3.30 (USD)..
After Saddam lost the war with Iran, the war with Kuwait and after the country was impacted by years of UN Sanctions the Dinar was down to its lowest exchange rate ever. (See graph below)
Prior to the start of Operation Freedom, after two wars and over 10 years of U.N. Sanctions, the official international exchange rate for the Iraqi Dinar was $0.31 (USD).
Today the exchange rate for Iraqi Dinar is close to it's lowest point in history, .00068, after bottoming out at .00027. Of course you have to be in Iraq in order to get that rate. At the present time it's only a local currency. Speculators are waiting for high returns should it to become a global currency again sometime in the future.
Acquiring Dinar here in the states is primarily done through independent
dealers since it isn't being carried by banks and is
currently not internationally circulated. You may
pick up 1 million Iraqi Dinars from a reputable dealer
here in the States for under $1000 or $.001 (USD).
That’s 1/10 of 1 U.S. penny. |
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 Holding 1 Million Dinars. |
When Exchange Rate for
Dinar in USD = |
Total Value for 1/M
Dinar will then = |
| 0.01 |
$10,000 USD |
| 0.10 |
$100,000 |
| 0.50 |
$500,000 |
| 1.00 |
$1,000,000 |
| $1,000,000 |
$2,000,000 |
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| To see view the actual market value for the Iraqi Dinar or to convert the value your currency into USD you can use this currency converter below |
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As you can see, there is a potential upside
to collecting Iraqi Dinar, as well as, a risk of
loss of course. The period of time it will take is
currently an unknown. Many Iraqi Dinar
collectors are prepared to wait years. Most are ultimately convinced that neither the United States, nor the rest of the world, are about to let the second largest oil reserve and Iraq fall into the hands of terrorists or other radicals after having wrested it from the hands of a dictator.
As of 2010 the progress in Iraq has been
substantial. The stakes are simply too high and a stable Iraq is, without question, in the best interest of the entire world. |
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| Authenticity Guarantee |
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All Dinars are guaranteed to be 100% genuine. All Dinar are scanned for the appropriate security features including the use of U.V. light to see the features which can only be seen with U.V. light.
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Risk Disclosure:
Buying
and holding currency that is currently out of
circulation poses a risk of illiquidity,
inconvertibility and involves the risk of loss that
may not suitable for all collectors. |
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