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Picture Iraq as a company selling stock.  Each Dinar you purchase represents a share in Iraq's future.  As Iraq recovers from the removal of Saddam Hussein, and starts rebuilding, the country's infrastructure resumes production. Boasting the 3rd largest oil reserves in the world,

Saudi Arabia

$1 = 3.69 Riyal

United Arab Emirates

$1 = 3.67 Dirham

Kuwait

$1 = 0.267 KWD

Afghanistan

$1 = 43.40AFN

Iraq

$1 = 1168 Iraqi Dinars

The above represents approximate rates as of 7/14/2011.
Exchange rates are subject to change.

 

The Iraqi Dinar was worth $US 3.20 This means that to buy 1 Iraqi Dinar it would cost you $3.20 before the United Nations embargo that followed Iraq's 1990 invasion of Kuwait. By August 2002 it was trading at just below 2000 to the US dollar, and by mid-April 2003 it had slipped to anywhere between 3500 and 4000 against the dollar. In July 2003 one US dollar equaled about 1,500 Iraqi Dinars.

At the time of this writing 07-14-11 one Iraqi Dinar was worth .00085 cents or you can buy 1,000,000 for about $1,200.

Economic life is steadily appreciating in value. Since October 15th 2003, the start of the Iraqi Currency Exchange (ICE), the new Dinarís worth has risen by 45%.

ďA secure currency will provide a firm foundation for Iraq ís future".

Coalition Provisional Authority press release


After two years of economic decline, the World Bank Group estimates that Iraq's GDP (Gross Domestic Product) will rebound by 33 percent this year.

According to the Oil and Gas Journal, Iraq contains 115 billion barrels of proven oil reserves, the third largest in the world (behind Saudi Arabia and Canada)

This is not a secret you just need to know someone to tell you.

Good Luck

Larry Kepler (KEP)