Is now the time to Invest in Iraqi Dinars....

Why Purchase the New Iraqi Dinar?

A successful Iraq will bring it’s 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, has advanced to 1,240 Dinars to the dollar January, 2007.

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.

Iraq’s Proven Oil Reserves Over $10 Trillion Dollars.

The price of oil has increased to over $100 dollars a barrel.

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.

WTO - World Trade Organisation

Iraq is in the process of becoming a full member of the World Trade Organisation.To become a member of the WTO article 6 of the WTO Terms & Conditions of joining, stipulate that a country must have a fully convertable currency.

Latest news (March 2008) has stated that Iraq is close to completing all requirements for membership.

Debt

Iraq is virtually debt free.Thanks to the Paris club agreements.Iraq has written off apx 80% of all its debts owed under Saddam Hussian.

FIL - Foreign Investment Law

August 2007 the Iraqi Government passed the Foriegn Investment Law.

This law allows foriegners to own businesses, shares ,etc and to be able to freely transfers funds in and out of Iraq.

HCL - Hydro Carbon Law (Oil Law)

This is probably the most important legislation that the Iraqi Government will have to pass in there term of office.This law covers the revenue sharing agreements between the different groups and regions of Iraq.

Latest news (Apr 2008) being heavily debated in the Iraqi Government and is hoped to be passed soon!

 

CBI - Central Bank of Iraq.

The Central Bank of Iraq is an independent agency, not affected by the political parties of the many factions in Iraq.

Monetary System.

The monetary system established by the new government encourages foreign investment, a key to develop a strong economy.

ISX - Iraqi Stock Market.

Stock market opened with record trading volumes pushing stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands.

Stock Market Going Electronic

The Iraqi stock market is expect to commence electronic trading March/April 2008.

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.

Property Prices / Real Estate 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 reserved for government officials.

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.

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.

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