First there were two kinds of dinar in Iraq. The old Iraqi dinar and the swiss Iraqi Dinar. This swiss currency was used in the north of Iraq. To create one unified currency they came up with this new Iraqi dinar, used in all parts of the country. Since they began printing these new notes the whole world started to get interested and the demand for it has grown ever since.
Why invest in the New Iraqi Dinar?
Iraqs massive oil and gas reserves
$70 billion economy potential
Independent Central Bank of Iraq
Booming real estate market
Great security features of the new Iraqi Dinar
New stock market of Iraq
Since introduction up by 25%
Ill try to explain short and bondly for you:
-Iraqs massive oil and gas reserves: Iraq has the largest gas and the second largest oil reserve in the world! Thats 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 Iraqs great acces 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 if Iraq isnt 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 Saddams inner circle) houses wherever they want this market will be enormous 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 more up and also to an international recognized currency.