DinarBanker reported recently that there is a big sales increase of the Iraqi Dinar. On October 20, 2009 “Mad Money with Jim Cramer” came on MSNBC and strongly recommended investing in Iraqi Dinar. He said that other currency such as Gulf War ended. If Iraqi Dinar follows past history of Kuwaiti Dinar, then there is a great chance that Iraqi Dinar could be a smart play in this market. had a significant growth years after the
Iraqi Dinar is a new currency since 2003 after the removal of Saddam Hussein. This currency has been on the slow and steady rise since 2004. The potential for greater growth exists since Iraq is a country with abundant oil. With help from US, Iraq can successfully develop and secure their economy. When the country becomes secure, it could attract new businesses which can significantly increase the currency. You also have to keep in mind that US also invested a great amount of money and time in Iraqi and so they are expecting Iraq to grow not only financially but also development of the nation so that the return in investment is worth it.
Before you jump on the bandwagon, please be careful as there are fake Iraqi Dinar sellers on the internet. Research before you buy anything from a broker. Make sure you ask the broker the following two questions:
- Are you registered with the U.S. Treasury Department as a certified currency trading broker?
- Are you a member of the Better Business Bureau and have a commendable reputation in the trading world?
This post on Iraqi Dinar is for information and education purpose only. I do not recommend investing in Iraqi Dinar unless you know what you are doing.