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Iraqi dinar speculation: a phenomenon .. Send more

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Erbil   Monday, 03/01/10 05:38:46 AM
Re: stock43 post# 21920
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Iraqi dinar speculation: a phenomenon .. Send more than one message
Iraqi dinar speculation: a phenomenon .. Send more than one message
Sunday, February 28th, 2010 09:32 Director

Baghdad \ Iraqi files: broadcast network ABC U.S. television on the twenty-fourth of this month an expanded report on the phenomenon of television on buying the Iraqi dinar from U.S. citizens and companies and investment and speculation that the U.S. has become a haven and hope for the dream of quick money and a way to seize the opportunities for speculative offices and investments.

The newspaper "New Morning" for Angela Brown, who prepared the report, the Iraqi dinar traded volume may exceed billions by the end of this year, saw the first two months of the new year alone, a remarkable surge of more than 40% because the dinar trading offices and investment companies now employ currency events and local variables inside Iraq in the size of its growth forecast for the actual value of the dinar, as always, Brown's continuous rise of the true value of the Iraqi dinar since its collapse in early 2003 and then drop the former regime until now, has had little retreat, and thus the demand for buying the dinar for investors Americans is a quasi-guaranteed and does not involve any real risk, the dinar was worth 3.20 dollars before the ban imposed by the United Nations on Iraq following its invasion of Kuwait in 1990, and by mid-April 2003 decreased to between 3500 and 4000 dinars to the dollar, In July 2003 became the U.S. dollar equals about 1,500 Iraqi dinars, while the current value of about 1168 to the dollar. (taking into account that the exchange rate is subject to change).

According to Mike Spencer, a financial expert and director of FPSO for financial investments in the state of Ohio, the risks of such trading is only in the dramatic changes that may occur in Iraq in the coming months, when asked about the nature of these variables, said: "Iran's interventions to increase direct Win or radical forces and those loyal to Iran in the coming elections, or armed conflict between the West and Iran, while opportunities for profit is a result of the expected growth of the value of the Iraqi dinar in the coming months, almost guaranteed.

But come back and confirm: that the Iraqi dinar speculation, like any other speculation is not without risk, especially as it related here troubled country like Iraq.

Angela Brown is trying to ask an important question through its televised on a number of investment experts about the reason for the growing phenomenon of trafficking in Iraqi dinars these days in particular, is it related to the imminent national elections in Iraq?

Mark Spencer: that behind this phenomenon a number of reasons:

First, it is not an entirely new phenomenon has seen demand for buying the Iraqi dinar rise significantly since the introduction of the new Iraqi currency, which enjoys the confidence of banks and global financial markets.

Second, expectations improved security situation in Iraq and open wide the doors of buoyancy after the national elections would be held early next March. Third, strategic leaks come from research institutes and studies close to the decision-makers that the U.S. plans and agreements that are for the rise of the forces of liberal and moderate power in Iraq after these elections. IV the new banknotes, which planned the Iraqi Central Bank to be issued later this year and will be one of the categories 25000 and 10000 and 5000 dinars covered in gold and in collaboration with the Ministry of the Treasury Almirkip.

Fourth and finally, the huge oil investments, which will start operating soon and that will create the strategy covers the dinar even more valuable than gold itself.
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