What is the Iraqi Dinar Telling Us?
November 9, 2006, 10:17 am |
 |
 |
 |
 |
| Tweet |
|
By Andrew L. Jaffee
I’ve learned to listen closely to what financial markets tell us about a nation’s economic and social well-being. If things are going so badly in Iraq, then why has the country’s currency, the dinar, been strengthening against the U.S. dollar over the last four months? I created the following chart,* which shows the Iraqi dinar/U.S. dollar exchange rate over a one year period. Note that the line curving downwards means the dinar is gaining in value:
* Data provided by SAFEDinar.com
Related: Economy, Iraq, United States
December 28th, 2010 at 8:14 am
Keep in mind that is numerous risks to any sort of investment and the Iraqi Dinar are not a sure thing – nothing is. The next step is to find reputable dinar dealers that are registered with the U.S. Treasury. Also make sure that they have an excellent rating with the Better Business Bureau, which rates the quality of the business.
March 23rd, 2011 at 4:01 am
Many people are claiming that the investment in iraqi dinar (IQD) is a low risk high return more surefire, get rich quick scheme. Iraq is one of the largest oil producer in the world. The initial investment is very low. You can get a million IQD for less than a thousand dollars. They are in the midst of war and chaos, but things are bound to change (in a positive way). The Iraqi dinar in Saddam ’s reign was $ 3.22 per dollar. Soon the value of the IQD will rise and we can make a killing and retire early. Good sales pitch.