Reason Iraqi Dinar Currency Investments
The weakening of the Iraqi dinar currency is one of them due to the unstable political conditions in Iraq. This is particularly so after the outbreak of the Gulf war in 1990, and the death of the charismatic leader of Iraq, that Saddam Hussein at the gallows.
The condition causes a lot of infrastructure in Iraq that has not been recovered. Besides the domestic unemployment rate soaring, and economic systems in particular exports of oil imported commodities which are the mainstay of Iraq, can not walk properly.
This problem led to some domestic policies that should be Iraq's autonomous rights, was taken over by outsiders. As in the case of the Iraqi Dinar currency. Since the leadership of Saddam Hussein declared invalid, then the impact on reimbursement currency dinar iraq.
If the Iraqi dinar currency earlier this using pictures of Saddam Hussein, then by the Worl Bank currency withdrawn. Furthermore, the Iraqi trade transactions using a currency that is produced by De La Rue, a printing company in the world's biggest money is in the UK.
Reason Iraqi Dinar Currency Investments
Although the Iraqi dinar currency is currently in a weak position, but this should not discourage investors to hunt for Iraqi Dinar as a commodity business. There are several reasons that make the investors believe that the Iraqi dinar currency will provide benefits in the future. Some of those reasons include:
- Existing gold reserves in the country of Iraq is quite large and is believed to drive the country's economy.
- The existence of the experience of several countries involved wars, after living in the country is stable, then the nation's currency value will also be terkatrol up. As happened in Japan.
- The existence of some state policies that encourage people to buy Iraqi dinars, such as America and Israel. In fact, Israel has laws that prohibit citizens have transactions with countries that become their enemy.
- Of course, if America and Israel do not see any benefit from Iraqi dinar investment, they will not make the policy even violate the law.
- The presence of Japanese aid worth 5 Billion USD. This certainly will accelerate Iraq's economic recovery. And this will also impact on the more quickly the Iraqi dinar exchange rate rose up.