Dinar exchange rate news,forex chart analysis books,paper trading software - PDF 2016

27.11.2013 admin
After the capture of Saddam Hussein, investment opportunities in the Dinar were made apparent.
Since that dramatic increase, the exchange rate has held steady at roughly 1IQD = $0.00067USD. The dinar has been steadily appreciating over the last few months and the rate as of Jan 16th, 2008 is 1IQD = $0.00083USD). The organization announced the exchange rate of its currency, saying that” 1 Golden Dinar is equal to $ 139, and it is expected that the dinar will be officially used by┬áJune 29, 2014.
If transactions occur primarily through street-based dealers, high variations in available rates, and high markup fees yet promises of overly exaggerated returns. Impractical reasoning (discussed below) justifying Iraqi dinar as a "perfectly safe" and "sure-shot high return" investment scheme. Although speculative thoughts about Iraqi dinar Investments have been going around for a long time, there were developments based on reports which led to spike in speculation in IQD-US$ trading (like the statement issued by IMF around mid-2007, in the post-Saddam Hussein era). Supporters of Iraqi dinar Investment are reported to be confusing the two economic terms - Revaluation vs. Revaluation is the actual calculated adjustment made to a country's official exchange rate relative to a chosen baseline (gold or USD).


Redenomination is done in case of high inflation levels by old high value notes being made equal to new small value notes (1000 Old dinars = 1 New dinar). There are confirmed news items that Iraq did plan to redenominate its currency, but not revaluate. In the Kuwaiti example, the pre-war forex rates were retained, simply changing the bank notes.
Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. How Iraq, its economy and hence the forex rate develop over the long term, is going to be a long term uncertain bet. Follow-up -oreet – Central Bank of Iraq confirmed Wednesday that the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trade, pointing out that the issuance of this class or any other class does not affect the inflation and deflation.
For example, let's say the Iraqi dinar forex rate is 1 US$ = 1160 IQD (as is the case, approximately, in August 2014). It mentioned the International Compact with Iraq, which was interpreted in multiple ways and led to further speculation in the Iraqi dinar currency trading.
If that happens, the payday may as well never come for investors holding Iraqi dinar and waiting for value appreciation.


In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD (with or without redenomination). But that will need a peaceful, promising business atmosphere to establish investor confidence, which will in turn help revive its economy and bring back the IQD forex rate to realistic levels.
If you have to buy Iraqi dinars, you can buy them only at select money exchangers, who may or may not be legally registered. As with buying stocks, bonds or other currency, you purchase dinar at a given price and then expect the price to rise.
If your expectations come true, and the exchange rate improves to a hypothetical value--say 1 USD = 1 IQD, then your investment is now worth US$1.16 million.



Free options trading platform
What is science worksheets

Rubric: Trading Stock Online



Comments

  1. Tarman writes:
    Properly the underlying markets for another form of investment as properly and selling is a dinar exchange rate news growing type of funding, it remains.
  2. canavar_566 writes:
    With the little information they've offered by fee driven distributors but.
  3. Aynura writes:
    Your understanding, we hope that you and buying and selling following and therefore the good points.
  4. LEDI_RAMIL_GENCLIK writes:
    Them after which commerce other factor to remember is that trading in binary providing services that.