Civil war, regional fights, and western countries staying away are major concerns of current Iraq, with the extreme possibility of the country splitting into three separate regions. Backed by the oil reserves , Iraq has the potential to spring back and establish itself as a stable economy. It managed to do so after the eight-year-long Iran-Iraq war.
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 less depressed levels. Now to the other side of the coin:. There are signs indicating that Iraqi dinar investments are nothing more than a hyped scam.
Supporters of Iraqi dinar Investment are reported to be confusing two economic terms: Revaluation and Redenomination. Revaluation is the calculated adjustment made to a country's official exchange rate relative to a chosen baseline, such as gold or the U. After a revaluation, a currency becomes expensive relative to the base currency by the factor of adjustment, and hence the process changes the purchasing power of that currency.
Redenomination is done in case of high inflation levels by old high-value notes being made equal to new small value notes e.
Redenomination simply drops off the zeroes keeping the purchasing power the same as before. There are confirmed news items that Iraq did plan to redenominate its currency, but not revalue. Economists also point out that it would not be beneficial to the Iraqi economy to allow any such value appreciation by the authorities even by means of revaluation. Doing so will lead to multiple problems for Iraq:. However, this is misleading. The new release was to prevent the use of stolen and looted old Kuwaiti dinars. In the Kuwaiti example, the pre-war forex rates were retained, but old banknotes were swapped for new ones.
Examples of European countries like the Netherlands, the United Kingdom, and France are sometimes cited in an attempt to justify an Iraqi dollar investment. These other countries managed a rapid economic comeback from the effects of World War II, and are today considered among the developed countries.
One important fact missed here is that these countries were able to progress faster because the war situation was completely different from the war in Iraq. In the case of the world wars, European countries in question were on the winning side and received maximum support in the post-war aftermath.
Iraqi Dinar Exchange Rate Full Table (IQD):
The case of Iraq, by contrast, is more of a civil war, where there exists a possibility of the country being split into multiple fragments. Even if it stays as one nation, it will still take a good long time for the economy to recover. Some investors argue that the market could drive a strong appreciation for the Iraqi dinar in the post-war era, simply because the huge oil reserves will eventually make it a strong currency. Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. No banks are offering Iraqi dinars.
If you have to buy Iraqi dinars, you can buy them only at select money exchangers, who may or may not be legally registered.
Iraqi Dinar(IQD) Exchange Rates Today - Iraqi Dinar Currency Converter - FX Exchange Rate
The bill was introduced by the Central Bank of Iraq in Nov. This will erode the profit potential even for short-term trading. In terms of longer-term opportunities, forex trading in general comes with a few challenges:. How Iraq, its economy, and hence the forex rate develop over the long term, is a long-term uncertain bet.
- questrade forex login?
- best forex broker in coimbatore.
- USD / IQD ECONOMIC CALENDAR.
- Iraqi Dinar(IQD).
Average These are the average exchange rates of these two currencies for the last 30 and 90 days. Volatility These percentages show how much the exchange rate has fluctuated over the last 30 and day periods. Xe Live Exchange Rates Inverse. The world's most popular currency tools. Xe International Money Transfer Send money online fast, secure and easy. Send money. Xe Currency Charts Create a chart for any currency pair in the world to see their currency history. View charts. Xe Rate Alerts Need to know when a currency hits a specific rate?
Create alert. Travel Expenses Calculator. Currency Email Updates. Currency Converter Widget. Euros to Iraqi Dinar. New Zealand Dollars to Iraqi Dinar. Dollars to Iraqi Dinar. Iraqi Dinar to Australian Dollars.
Iraqi Dinar to Pounds. Iraqi Dinar to Canadian Dollars. Iraqi Dinar to Yuan. Iraqi Dinar to Euros. Iraqi Dinar to Hong Kong Dollars. Iraqi Dinar to Rupees. Iraqi Dinar to Yen. Iraqi Dinar to New Zealand Dollars.
Convert 1 USD to IQD
Iraqi Dinar to South African Rands. Iraqi Dinar to Swiss Francs. Iraqi Dinar to Lira. Iraqi Dinar to Dollars. Iraqi Dinar to Dirhams. Hungarian Forint. Kazakhstan Tenge.
Live Iraqi Dinar (IQD) Exchange Rates
Macedonian Denar. Barbadian Dollar. Bolivian Boliviano.