After a period of strife and political
instability Iraq is now on the threshold of a new era. Its oilfields are once
again streaming oil into millions of barrels translating to billions of dollars
in foreign exchange. There is a stable political government in control.
Economic measures have been instituted that will yield long term positive
results. The USA is actively helping the country recover from its political and
economic chaos. Trade with neighbors is picking up. Relations with neighbors
and other world countries are taking a turn for the better. From an ailing
economy, Iraq is well on its way to becoming a country with trade surplus. The
government newly in place has signed a number of cooperation agreements with a
number of countries that will aid its reconstruction and redevelopment
programs. All these are pointers to the future of a happy, stable and thriving Iraq.
More importantly, the government has taken
measures to make the Iraqi Dinar secure and stronger by printing new currency
notes with enhanced security features to make it impossible to counterfeit
them. There was a time when you could pick up the old Iraqi dinar for a song
given that the currency had lost value due to the turmoil within the country. The
situation today is a huge improvement. However, the currency still continues to
be undervalued and you can buy Iraqi
Dinar at well below what its real value should be. A revaluation is far
overdue.
However there are a few caveats to keep in
mind before you buy Iraqi Dinar.
The old Iraqi Dinar is considered valid but
it is not as high in value as the new, secure, counterfeit-proof Iraqi Dinar.
Investing in the old currency is not without risks.
In the wake of the war and the unstable
political situation the market was flooded with counterfeit Dinars. This is one
reason the recent government and bank has taken strong measures to print new,
highly secure currency notes. If you must buy Iraqi Dinar then buy only genuine
currency notes. You can buy these from authorized vendors who get the genuine
currency notes from authorized distributors of the Central Bank of Iraq. Buying
from any source, especially those offer it at bargain prices, usually gets you
counterfeits. One of the best ways that genuine dealers generate trust and
confidence is that they have a buy back policy and deliver brand new notes along
with certificate of authenticity.
You can buy Iraqi Dinar discreetly, without
attracting attention or arousing curiosity and receive brand new uncirculated
currency notes in discreet wrapping. If
at all you wish to sell at a future date you only have to keep track of prices
and then, when you make the decision, lock the price by emailing the dealer and
then send the notes to them for process in due course. It instills confidence
and builds trust when dealers are transparent and honest in their dealings with
currency buyers.
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