Author Box
Articles Categories
All Categories
Articles Resources

Your Dinar Trade Review

April 16, 2012 | Comments: 0 | Views: 135

Today's Iraqi Dinar

Was it already five years? How long has been the Dinar currency in foreign circulation? Who knows? What most people are really concerned about is the currency revaluation.

Only a few take the statistics and analyze the upcoming growth from the banknotes. How about you?

In the year 1982, when Saddam Hussein had reigned over Iraq, there was a subjective figure which was determined by himself and his party. They determined 1 Iraqi Dinar to be equal to 3 USD. However, that was apparently a subjective figure.

When 1988 came, Dinar trade through the black market began to rise. In those days, IQD was one of the most powerful currencies circulating the Arab world.

The currency even went stronger when Saddam was captured. As a matter of fact, in 2004, after the Gulf war, 1 IQD was equivalent to $0.00068. Unfortunately, Gulf war was not the only war Iraq had suffered. One war that greatly affected its economic condition was the war it had with the United States which was directly supported by UN.

The issue was about Saddam's subtle schemes of demoralizing and enslaving the citizens, and promoting terrorism. This greatly displeased some of the Arab neighboring countries. As the world seemed to be against Iraq, the currency went to fall back that the dinar trade rate exchange started to decline and went to 1070 Dinar to 1 USD in 2010.

Why do speculators hold dinar notes on their hands?

However, that was a long time ago. Today, Iraq is bringing back the shattered pieces and solving the puzzle to form another structure to bring back the glory days it once had. After the fall of Saddam Hussein regime, Iraqis had their new set of government leaders and had successfully appointed Prime Minister Nuri al-Maliki.

The new set of rules and leadership encouraged the country to strive more for stability. This greatly brought positive impact towards the currency. Last October 19, 2011, the exchange rate was 1177 IQD to 1 USD but, it improved and went 1166 IQD to 1 USD in January 1, 2012 - not much but there was revaluation.

This little growth that the country had achieved for the last 5 years is continually backed up with recent events happening in Iraq. Just last February 23 of this year, the much awaited $100.5 billion annual budget was confirmed. March 29, 2012 is another notable date for the country as it hosted the Arab League Summit.

Slowly, the country is recovering and has been throwing positive impressions to foreign investors. Knowing that Iraq has the 3rd largest oil reserves in the world and Shell has signed a contract to help rebuild the oil industry, Dinar has greater chance of moving upward in the next 2 years.

Will you not invest?

If you try to inquire about people who have been trading dinar, you would likely see hundreds or even thousands of dealers across the globe. Even Donald Trump invested more than a million bucks on this intriguing currency.

However, you still need to take precautionary measures before taking actions. Take heed of the changing Dinar trade rate on the market and know what you can afford to lose. Remember, there is still risk prior to dinar investment.

If you want to know more about Dinar trade rate exchange, you may click here

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Dinar Trade


Dinar Trade Review


Dinar Trade Rate


Dinar Trade Rate Exchange

Forex dealing is dealing in currency trading and basically includes dealing in foreign exchange while the stock market dealing is the dealing of stock in a standard market market. The two types of

By: Anil Mali l Investing > Stocks l October 25, 2012 lViews: 245

Investments in silver metal can be done by several ways. The article talks about the best ways of silver investments. Silver, the precious metal has always attracted investors for several reasons.

By: Kyles Humphrey l Investing > Gold Silver l August 17, 2012 lViews: 305

The article offers reasonable reasons for high oil prices. Crude is indispensable and it is a great source of energy. The prices on oil keep on altering, sometimes it is too high and sometimes it

By: Kyles Humphrey l Investing > Stocks l August 17, 2012 lViews: 286

Many investors are unaware of new tax that will be levied as part of the Supreme Court’s decision to uphold President Obama’s health care reform. The investment tax, as it is being referenced,

By: Ben Esget l Investing > Retirement Planning l July 17, 2012 lViews: 405

A few months ago, I was at Starbucks talking to someone about stocks and bonds, he and his wife had worked hard and were worried about the stock market. They wanted something much less risky. He

By: Lance Winslow l Investing > Stocks l July 11, 2012 lViews: 434

The first step in the risk management process is to acknowledge the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning.

By: Lawrence Tepper l Investing > Retirement Planning l July 10, 2012 lViews: 240

There is a price to pay for financial freedom you are hoping to achieve with your trading. Alas it is not what you think it is. Hard work has not produced master traders. In fact most people who work

By: Mercedes Oestermann Van Essenl Investing > Day Tradingl June 03, 2012 lViews: 160

By knowing this fact, you, as a person who wants to learn to trade options, are also considered learners, and you can determine your classification as a learner. You must reflect on where you learn

By: Stanley N Collinsl Investing > Day Tradingl June 01, 2012 lViews: 197

Are you searching for steps that can help you find your way into a simple but yet effective options trading? If that is your case, you must be very glad for you have found what you are searching:

By: Stanley N Collinsl Investing > Day Tradingl June 01, 2012 lViews: 176

The Japanese Candlestick pattern of charting in Forex Trading reports is an old one, used since the 1800's. It makes a very easily interpreted visual to explain how trading for the day went. Though

By: Martin K. Brookel Investing > Day Tradingl June 01, 2012 lViews: 144

As if the concept of trading foreign exchange currencies was not enough, now you are bombarded by the notion of being a "technical trader" and learning to "predict" certain occurrences in the Forex

By: Dr R A Bensonl Investing > Day Tradingl May 31, 2012 lViews: 165

One of the best ways to appreciate the worth of an asset or instrument is by comparing it with the other similar and related products. It is in this regard that for us to better appreciate contract

By: Bryan Rollinsl Investing > Day Tradingl May 31, 2012 lViews: 147

When your semi truck is down, you do not have to panic and fret. Stay calm and plan on the things you need to do. To do things without planning will do more harm to yourself than to your truck. So,

By: Dar Kulbahcl Automotive > Trucksl April 17, 2012 lViews: 137

Discuss this Article

comments powered by Disqus