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2008
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We Buy & Sell The New Iraqi Dinar IQD/NID
Todays Buy Rates
GBP/NID 568 / 1,000,000 USD/NID 1022 / 1,000,000 EUR/NID 852 / 1,000,000
DINAR INDEX.COM AS SEEN ON CHANNEL 4 3 MINUTE WONDER
Why trade the IQD/NID "New Iraqi Dinar"? A successful Iraq will bring its currency from historic lows to an internationally recognized currency with world value. New Iraqi Dinar has advanced 25% since the end of major combat operations. The value of the new Iraqi Dinar, which had slipped to between 3500 and 4000 against the dollar before April, 2003, advanced to 1,500 Dinar to the dollar following the end of major combat operations in July, 2003.Today the dinar trades around 1240 Dinar to the dollar. The United States has pledged over $18 Billion,military and civilian support, debt relief and economic ties that will give Iraq the capability to develop its potential as a$70 billion a year economy, one of the largest in the region. Iraqs oil reserves over $10 trillion. A vibrant country with a highly educated population of just over 22 million people. Released from the repressive regime of Saddam Hussein, Iraq has the potential to become a $70 billion dollar a year economy, with one of the largest oil and gas reserves in the world, second only to Saudi Arabia. Major industrial nations from around the world are present in Iraq, either as military or civilian support, to assist Iraq in its desire to establish a safe, secure and economically sound country. Trillions of dollars have already been pledged for repair and restoration. Reconstruction of the infrastructure including power,water, road and highways, IT and phone systems, and health and human services, has already begun. Iraq is making all the right moves. Regional Agreements. Iraq is quickly establishing beneficial relationships in an effort to export its oil and gas reserves through already established pipelines in its neighboring countries. Monetary System. The monetary system established by the new government encourages foreign investment, a key to develop a strong economy. Central bank. The Central Bank of Iraq is an independent agency, not affected by the political parties of the many factions in Iraq. Stock Market.ISX - Iraqi Stock Market A new stock market opened with record trading volumes pushing stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions. 2nd August 2007 the ISX opened to foriegn investors...... Bond Market. The central bank of Iraq offered its first treasury bonds on July 18th, with broad participation of the private commercial banks of Iraq. Real Estate/Property Market. Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq, citizens are now buying houses in neighborhoods generally reservedfor government officials. Oil Production. With the new government firmly in place, the reconstruction of the infrastructure including rebuilding many of the major oil fields is steadily going forward. Iraq has signed tentative agreements with international oil companies to exploit its vast oil reserves. Hope going forward. It is hoped that within 1 to 2 years the oils fields will be producing sufficient oil to build a foundation for revenue and within 5 to 10 years Iraq will return to its place in the world economically, socially and politically. Source: edinarfinacial.net
1.00 GBP United Kingdom Pound = 2,158.70 NID New Iraqi Dinars.
Tony Blair meets The New
Iraqi Leader Maliki
Tony Blair meets The New
Iraqi Leader Maliki
1.00 USD United States Dollar = 1240 NID/IQD New Iraqi Dinars.
Source:
CBI-Central Bank of Iraq
Iraq is not a poor country...Iraq is a war torn country
IRAQ HAS OVER 10 TRILLION DOLLARS OF OIL RESERVES
Could it be possible that you are staring right into the most spectacular financial opportunity of the century? Operation: Iraqi Freedom will undoubtedly be a war marked in history for loss and tragedy, American victory, and the rise of a nation with a new democratic government. But could it also be a war historically remembered for the financial opportunity it created for the sharp investors who keenly recognized an ephemeral chance at the right time?
The War on Iraq ended with a nation placed on the footstool of many new operations. An old dictator was removed; a new government was instilled, and the old currency, each note stamped with the face of the now powerless Saddam Hussein, was suddenly valueless and burned in the streets by American soldiers. In its place entered a new currency, beautifully created with the input of the people and history of Iraq.
The United States funded this new currency, artistically crafted by the De La Rue, the world's premier currency printers. Unveiled during a press conference in the capitol city of Bagdad, the new Iraqi currency was introduced. A historic university, erected in the thirteenth century, is etched into the one thousand dinar bills. A serene waterfall graces the front of the periwinkle five thousand dinar notes. And a humble, hardworking farmer holds up a sheaf of wheat on the most substantial bill of all: the twenty five thousand dinar note.
Twenty five thousand dinars! That sounds like a huge value allotted to a single bill of currency. But in fact, today, this note is only worth 17.12 US dollars! Today, the average American's savings account could make them a millionaire in Iraq.
But what does this mean? How does this present such an outrageous financial opportunity? In 1990, prior to the Gulf War and before any sanctions were placed on Iraq, the Iraqi dinar was equivalent to approximately $3.40. And prior to Operation: Iraqi Freedom, the Iraqi dinar still maintained a value of about 30 cents. That's about three hundred times what it's worth today.
The United States and several other nations are in the process of taking every measure possible to rebuild Iraq. The country is gaining stability, and could soon be in its way to becoming an independent and prosperous nation. What would this mean for the value of the Iraqi currency? Certainly it would mean a rise in its value. It could go back to what it was worth before the war, or more. And that would mean an unbelievable return for anyone who invested in it today. It could mean thousands, hundreds of thousands or even millions of dollars for someone who had a million dinars today.
The value of the Iraqi economy has nearly doubled since the capture of Saddan Hussein. This has many investors predicting that the dinar will continue to rise in value as well. Even without help from other nations, with the world's second largest oil reserve and the world's largest gas reserve, it is abundantly clear that Iraq has the resources available to expand and become an extremely prosperous nation. In fact, economists and investors are speculating that Iraq has the potential to become among the wealthiest nations in the world.
Today you can take advantage of this potential and be part of those that benefit from Iraq's success the most. Purchasing the Iraqi dinar at its most vulnerable point in history could mean a fortune in the near future. This means nothing short of a once-in-a-lifetime opportunity for today's forward-thinking investors
IRAQ HAS THE WORLDS LARGEST GAS RESERVES
Before the war and sanctions against Iraq, the dinar was worth 3.20 dollars
New Iraqi Government took Office May 2006
Iraq's parliament approved a Government that includes Prime Minister "Maliki" and additional representation for Sunni Muslims.This unity government is to serve for four years and has clearly stated that one of its main priorities is to reform the Iraq economy and encourage inward foriegn investment.
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