A Long term Determination
Introduced in circulation in 1931, the Iraqi dinar has transformed control from even the very first days. Supported by British pounds to getting placed to the US dollar, the currency has had its reasonable share of activity. However, today with the Central Bank of Iraq issuing a fresh, stable and secure currency, lots of worldwide speculators are looking at an opportunity. Since the 2003 crash of the government and the deposition of its ruler Saddam Hussein, the Coalition Provisional Authority or the present transitional authorities have issued new Iraqi dinar. Printed by De La Rue and adding in modern anti-forgery techniques, the updated currency has been revalued from as low as 4000 dinar per U.S. dollar to as high as 980 dinars per dollar. This wild move is what speculators are looking to cash in on.
The Attractive Investment
Why has the dinar become so popular? It's the simple fact that most of us remember when the Kuwait dinar rejected to a valuation of 10 US cents after the attack by Iraq. However, since January 5, 2003, the previous measured currency basket peg was changed to a higher valuation of 0.29963 dinar. This converts into .34 per 1 dinar, the world’s highest valued currency. Translating this into an exchange rate transaction, a, 000 initial investment around the Gulf War would generate the investor a 3,240% rate of return of 4,000. The same expectations loom over the Iraq economy. Rich in crude exports and likely to remain under the guidance of the US, the country is expected to make a comeback and be catapulted into the worldwide financial arena. The development and growth are expected to be reflected in the primary currency, creating instant profits for the dinar speculator.
About Dinar Inc
We are licensed by the Office of Financial Regulation (the same governing body who governs banks, brokerage firms and mortgage lenders in the state of Florida). We are very proud of our license and are the only licensee in the state. Dinar Inc is a global wholesaler of Iraqi dinar or Iraq dinar and supplies some of the largest financial institutions in the world with the currency. We travel weekly to the region and are in touch with what is ever going on in Iraq and the surrounding countries. We have earned this business worldwide because we are available 24 hours a day, 7 days a week with no excuses.
The Iraqi dinar or Iraq dinar was introduced by the Coalition Provisional Authority or CPA from October 15, 2003 to January 15, 2004. The CPA was an interim government or acting government set up by the United States and selected Iraqi persons. The dinar replaced the old Saddam notes (that bared his face) to give the Iraqi people and their country hope in the future of their new Iraq. This created a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives." Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.
The Iraqi dinar comes in denominations of 50, 100, 250, 500, 1000, 5000, 10000 and 25000.
The dinar was printed by De La Rue an English company which is the world leader in anti-forgery techniques. De La Rue is the largest printer of currency in the world and trades publicly on the London Stock Exchange.
Are you with Dinarinc.com for help the development and growth of Iraq?
Buy or sell Iraqi Dinars at Dinarinc.com- we are your online source for New Iraqi dinar Exchange Rate, Latest Iraqi dinar Value News, Dinar, Iraq Bank, Dinar Banker, Dinar Trade, Dinar MLM, Iraqi Dinar MLM and Safe Dinar.