- January 3, 2013
- No Comment
- 138
Level of Production in Iraq
Iraq has also lifted up its trade and also trying to increase the level of oil production. We had noticed in the past the debate on Iraq was forgiven and now Iraq is building itself this can be a good indicator that as the economy of Iraq goes up so the value of Iraqi dinar will also move in the same direction.
We can also learn from the history that as we have seen that in Gulf war Kuwait currency (Kuwaiti Dinar) had lost a great value but after the gulf war when they start building them again the price of Kuwaiti dinar shots up in the drastic manner and there were many people who created a fortune out it. So we can assume that it will go the same way for the Iraqi dinar as well and if that’s so then we can earn a handsome amount of profit.
The unemployment ratio in Iraq has decreased since 2006. The Gross Domestic Production (GDP) has increased and the rate of inflation also decreased which clearly shows the economic growth in the country.
So Investing in Iraqi Dinar is a worthwhile option to earn some extra money. So if a person has some enough cash and he wants to invest it for a long term then investing in Iraqi dinar can be a good option. As in the short run there is no point of investing in Iraqi dinar because right now it’s not that liquid but if you invest it for the long run and you have the passion to wait there is a possibility that it will generate you a great deal of money. So the reward of investing in the Iraqi Dinar Investment is pretty good but we also have to consider the risk associated with it, as there are lots of fraud going on with respect to it on the internet so just make sure that you buy it from a well reputed broker or a bank.