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| *The Commerce Journal>>>Investing |
Is the Iraqi Dinar Going to Rise in Value Anytime Soon? |
My friend and I bought the new Iraqi Dinars when they came out a few years ago. Hoping they would rise in value later, it's been 3 1/2 years now and they haven't even kept up w/ inflation. Is the strength of the Iraqi Dinar going to improve anytime soon, and why / why not. Thanks. I've seen at least half a dozen Iraqi dinar questions here and am beginning to suspect they come from returning US servicemen. From my point of view,dinar is not going anywhere soon,it will keep at present value.... eventually. their govt still needs to pass critical hydrocarbon laws. market value on the street is better than cbi reports, they seem to be holding back, to ward off speculation. they need to revalue to help the people rebuild their country which normally is a very wealth land |
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