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The New Iraqi Dinar
The Iraqi currency, simply called the New Iraqi Dinar, is an investment opportunity unlike any other. The IQD, short for New Iraqi Dinar, was introduced in October of 2003 to replace the old “Saddam” paper money. The Coalition Provisional forces decided to replace the “old” currency in order to introduce a safer and more secure currency for the people of Iraq. The old currency was also replaced in order remove any remnants of the Saddam regime*. The IQD, which was manufactured by the British-based De La Rue Company, is packed with security features and hails to be the securest currency of Iraq’s history.

*[ Saddam’s image could be found on nearly all the denominations of the old currency, and the Coalition along with the Iraqi’s wanted to do away with this dictatorial trend.]

A Brief History of Iraq’s Currency
The history of Iraq’s currency is best marked by the Gulf Wars. Two Gulf Wars took place in Iraq. The first Gulf War, widely known as Operation Desert Storm, took place in the early 1990s. Before the first Gulf War Iraq was a wealthy and vibrant country full of momentum. At that time, 1 Iraqi dinar was exchanged for more than 3 US dollars. After the war ended, the value of the dinar had dropped in value to less than 50 US cents. And due to ensuing sanctions and the current war, or second Gulf War, the value of the Iraqi currency has dropped even lower. Today, 1 IQD is worth less than one penny. The diagram below illustrates how the Iraqi dinar compared to the US dollar has decreased in value from $3.30, to $0.30 to less then one US penny for every dinar.

* these figures are provided based on financial statistics and published news articles.

Financial experts, global economists and various members of the United Nations agree that the first Gulf War and ensuing US sanctions are the main factors involved in the depreciation of the IQD. Coupled with a second war and wide-spread devastation of Iraq’s infrastructure, the Iraqi currency is now at an all time low. However, quite surprisingly, thousands of investors are hopeful.

The Potential of The New Iraqi Dinar and of Iraq
Billions of dollars are currently being invested into Iraq. Dozens of countries including the US, UK, France, Germany and Japan are helping to rebuild Iraq by investing and opening companies and businesses. Every day the Central Bank of Iraq receives millions worth of US dollars. Moreover, Iraq through history has been known as a wealthy country. Iraq contains the 2nd largest oil reserves after Saudi Arabia, holds the largest natural gas reserves in the world, maintains large depositories of gold, is rich in agriculture and boasts a population that is among the most educated people of the Middle East. The potential in Iraq is unlimited in the vantage point of investors, and Americans are currently helping Iraq by investing thousands of dollars in the Iraqi Currency. Thousands of Americans are investing in the Iraqi currency, helping by providing the money essential to rebuild its war-torn cities. And there is wide-spread belief that once the war ends and Iraq begins to reestablish its former vibrant economy, that the Iraqi currency will appreciate in value. Investors are hopeful that once stability is achieved, that their small investment will eventually produce tremendous results. The bar graph below demonstrates a possible return on an investment of 2.5 million IQD if the value of IQD rises to only one-tenth of its former value,

The Iraqi dinar is truly a unique investment. Please click on the link below to be directed to our page of valuable resources. You will find all types of valuable information, up-to-date articles and important announcements.

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