Dinar speculation has been a matter of much controversy in the world of business and finances. The last of the US troops were withdrawn from Iraq in December of 2011, bringing an end to nearly nine years of war.
Since the country has not had a substantial amount of time to economically prove itself as a free sovereign nation, the Iraq dinar exchange rate of dinars to dollars seems to be completely up in the air, and a mere blowing of the wind could tip the scales of dinar speculation to either a lucrative investment, or full financial folly.
It is absolutely paramount that anyone considering buying the iraqi dinar does a substantial amount of research into the history of the Iraqi currency, as well as follows current events of the region regularly. The redeveloping nation is in a state far too fragile for financial advisers to agree on whether or not putting dollars on dinars will wind up being a wise investment. Here are some of the facts, so you can make an informed decision on the matter of dinar speculation…
1. Iraq does not have many exports aside from oil (which is sold in dollars), therefore there is little global demand for the dinar. Dinar speculation, for many investors, takes into account the currencies current status as an “exotic” commodity.
2. In 1972 and 1973 the dinar rose to a value of $3.3778. The dinar did not follow suit with the devaluation of the dollar. Experts of dinar speculation take this (and the current insecurity in the dollar)into account when deciding to buy dinars.
3. The value of the dinar collapsed in 2002. The highest denomination in print, however, until then was $250. This is a frequently cited fact of endorsement of the currency in dinar speculation.
4. The central bank of Iraq issued a $10,000 banknote said to be used for “larger, and interbank transactions.” When it comes to dinar speculation, most financial experts say that this is a bad omen for the future of the dinar.
As you come to your own conclusions pertaining to the matter of dinar speculation, bear these facts in mind, but also continue reading news regarding Iraq. The well being of the country in matters political, economical, and social are what will directly affect the value of the dinar. The best advice I can offer is to make an informed decision.