Seven Pro's To Invest In The Iraqi Dinar

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Seven Pro's To Invest In The Iraqi Dinar. By Marcel Heersema

Iraq's massive oil and gas reserves: Iraq has the largest gas and the second largest oil reserve in the world! That's like having pure gold in your soil. The oil alone is good for $10 trillion. Do you think it will do the Iraqi dinar any good? $70 billion economy potential: With their oil and gas reserves, foreign investors, aid, highly educated population, regional agreements and Iraq's great access to fresh water for agriculture it has the potential to become one of the richest countries in the world. Independent Central Bank of Iraq: The Central Bank of Iraq isn't affected by any political party in any way because it is an independent agency. They also offered their first treasury bonds and most of the private commercial banks in Iraq participated. Booming real estate market: Because money starts to flow and everybody in Iraq is now entitled to buy (instead of only Saddam's inner circle) houses wherever they want this market will be enormous in the coming years. Great security features of the new Iraqi Dinar: When there is confidence in this currency, stability and growth will follow. The security measures of the Iraqi dinar are very good. Writing that is only visible in ultra violet, color changing symbol, metallic ink, watermarks and more! New stock market of Iraq: Opened recently and of course very important for developing a country. More foreign investors will be attracted to Iraq this way. Since introduction up by 25%: The new Iraqi dinar has risen from 3500-4000 to 5000-5500 for a dollar from 2003 till now. A successfull Iraq will bring it up more and also to an international recognized currency

Marcel Heersema is full-time online investor who is always looking for the best money making opportunities on the net. For more information go to http://www.iraqi-dinar-opportunity.com This article may be reprinted only if the resource box is left intact.

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The Iraqi Dinar In A Nutshell By Marcel Heersema

The Iraqi dinar (pronounced: di-'när) is the legal currency of Iraq. Old Iraqi dinar The Iraqi dinar was introduced into circulation in 1931 and was at par with the Pound sterling. The Iraqi dinar replaced the Indian rupee that was the official currency at the time of the British occupation in World War I. After the 1958 coup d'etat, the Iraqi dinar was dissociated from the Pound sterling, but continued to have a very high value. After the Gulf War in 1991 and due to the economic blockade and unrestricted printing of banknotes by the government, the dinar devalued fast, and in late 1995, $1 equaled 3000 dinars. Banknotes issued between 1990 and October 2003, along with a 25-dinar note issued in 1986, bear an idealized engraving of former Iraqi President Saddam Hussein. Following the 1991 Gulf War, Iraq's currency was printed using poor grade wood pulp paper (rather than cotton or linen) and inferior quality lithography. Counterfeited banknotes often appeared to be of better quality than real notes. Despite the collapse in the value of the Iraqi dinar, the highest denomination printed until 2002 was 250 dinars. Currency printed before the Gulf War was often called the Swiss dinar. It got its name from the Swiss printing technology that produced banknotes of a considerably higher quality than those later produced under the economic sanctions that were imposed after the first Gulf War. After a changeover period, the Iraqi government disendorsed this currency. However, this old currency still circulated in the Kurdish regions of Iraq until it was replaced with the new dinar after the second Gulf War. New Iraqi dinar Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued the new Iraqi dinar to "create a single unified currency that is used throughout all of Iraq. The Hampshire-based Company "De La Rue" printed the New Iraqi dinars, also known as the "Post Saddam" dinars, in England, in six denominations: 50, 250, 1000, 5000, 10,000 and 25,000 Dinars. In November of 2004 the new 500-dinar note was issued by the Central Bank of Iraq to facilitate market transactions. The banknotes are beautiful and of "Swiss" quality with many security features rendering them very hard to counterfeit, features include, watermarks, metallic inks, security thread, ultraviolet images and raised lettering. Value of the new dinar Iraq has the second largest oil reserves in the Middle East and the largest reserves of natural gas. The new Iraq will be able to take full advantage of exporting these resources with sanctions no longer in place.

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As Iraq is welcomed back into the International Community the value of the New Iraqi Dinar should rise. How high? That is what you speculate on when buying Iraqi Dinars! (And nobody dares to predict!)

Marcel Heersema is an online investor who is always looking for the best money making opportunities on the net. For more information go to: http://iraqi-dinar-opportunity.net This article may be reprinted only if the resource box is left intact.

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