Posted on Jan 30, 2014
CPL(P) Cyber Threat Intelligence Consultant
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Iraq net exports
Iraq currency
Gdp
Iraq has the fifth largest proven crude oil reserves in the world, and it passed Iran as the second largest producer of crude oil in OPEC at the end of 2012. 

Iraqi financial expert claim that the value of Iraq’s federal reserves currently amounts to about $80 billion, following the increase in the country’s oil exports. This claim of strong exports can be corroborated from reliable data  from US Energy.  GDP data from World Bank show early signs of a possible stable and strong GDP in future. Overall, it appears that this oil nation may rebound back and its currency may grow stronger ( backed by Oil export revenue).

With the above factual data and trend, do you believe it is worth investing in Iraqi Dinar ? If yes, then why. If not, then why not ? Please provide hard facts and data in support. 

 
World Bank  


Posted in these groups: Finance FinanceInvesting logo InvestingEnergy logo EnergyIrs logo IRSOil logo Oil
Edited >1 y ago
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Responses: 6
SSG V. Michelle Woods
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SPC
The dinar has the potential to be strong and stable within a relatively short amount of time.
However my concern would be the government and lack of order within. Sadam ruled with a brutal, iron fist however the infrastructure, utilities and economy seemed to thrive under his reign. (My hard facts to back me up: I was there.) 

I would never wish for that country to have another dictator but until their government becomes solid and steady like Kuwait and Saudi Arabia, I couldn't in good faith, invest. 

What do you think?
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SPC Squad Member
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I'll help put a dictator in power if it'll make me some money on an investment. Npt really of course but it'd be nice to have some extra cash and a chance to finally deploy
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SSG V. Michelle Woods
SSG V. Michelle Woods
>1 y
My advice SPC (Join to see), embrace the garrison lol. I know most want the chance to deploy but at least if you become a SME on garrison ops, you'll be able to help better train NCOs like me who don't have as much experience with how things work back here.
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SPC Randy Torgerson
SPC Randy Torgerson
>1 y
I can't believe anyone would have even the smallest amount of faith that the Iraqi Dinar will ever bounce back to something. So many people have sunk money into this hoping that one day the Iraqi government will re-value the dinar. There is simply no incentive to do so. They are much better off creating a new currency. Just my non professional opinion of course.
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CSM Brigade Operations (S3) Sergeant Major
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Interesting! I have thousands of Dinars in a tuff box in my shed along with a bunch of other crap I have collected over the years. Maybe my great grandchildren can cash them in for a pizza and movie night.
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SSG Ed Mikus
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i bought $1,000 worth in 2004, i looked at it like a long term lotto ticket. maybe oneday it will make be rich, or at least buy me a Kia
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