If you are looking for a unique investment to spice up your portfolio, the new Iraq currency could be what you are looking for. The Iraqi dinar is the current Iraq currency. The Iraqi dinar was originally introduced in 1932, when it replaced the Indian rupee, and was valued at one dinar to eleven rupees. Since its introduction, the Iraqi dinar has gone though several different forms as governments of the country have changed. From 1954 and forward, the dinar has been issued by the Central Bank of Iraq. The dinar is subdivided into the fils, or fulus when pluralized, as the dollar is subdivided into the cent.
The Iraq currency sells for a wide range of values on the internet. Only a few sellers actually bring the currency into the US from Iraq. Generally, the current value of the Iraqi dinar is from around 1,200 to 1,400 dinar to one US dollar. Its low price makes it an accessible investment medium for anyone who is trying to start or to diversify their portfolio. The relatively low and wide ranging values of the dinar, while adding risk to the investment, also add to the potential for unusually high profits if bought and sold at the right time. Further, if Iraq’s politics and economy stabilize over the next few years, its value has the potential to increase greatly against the dollar, bringing anyone who buys now while prices are low a very high profit.
International currency exchange rates do tend to fluctuate and the currency market is a difficult one to master. Invest wisely and only after you have gotten all of the appropriate information before buying. When you invest in something, profits are not guaranteed and loss is always a possibility. The current Iraq currency may not be the appropriate investment medium for everyone, but it can be an interesting and potentially profitable investment. Good references here: www.gidassociates.com