Iraqi Dinar ~ Iraqi Dinar Investment - How Can I Invest In Iraqi Dinars : The IQD (New Iraqi Dinar) is not yet traded on the open foreign currency exchange market. That being said:
"Under the Order of the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen."
However, you'll probably have to go to a foreign exchange currency dealer to buy Iraqi Dinar. Furthermore, despite the claims that these sites typically make, they will probably not buy your Dinar back from you. If they do buy it back, they will probably buy it back at a deep discount
If you find a specific bank that buys and sells New Iraqi Dinar, please leave a comment below with the Bank's phone number and/or address for others to read. Buying New Iraqi Dinar at a respectable bank avoids the 30% or more markup currency dealers charge, and it may be safer, not knowing to whom you are sending your cash. It is convenient, however, to buy New Iraqi Dinar from currency dealers, as some of them are able to allow the use of a credit card for purchase. If they allow credit cards, then the site is presumably one of the safer dealers.
Please do not succumb to the hype! Logical minds doubt there will be a revaluation to the US dollar on any scale other than a normal (slow) increase at which their currency recovers. This does not seem like a get rich quick phenomenon. I do, strongly, believe that the Iraqi Dinar will increase in value against the US dollar, however, I do not believe it is going to happen overnight, and I doubt it will make any of us instant millionaires.
If you have some disposable income that you would ordinarily throw out the window of your vehicle while driving down the Interstate, buying New Iraqi Dinar would be a better use of your unneeded money.
However, if you speculate that the United States will go through a period of hyper-inflation, this is a good way to inflation proof your capital assets while the economy (hopefully) stabilizes. If the value of the dollar drops (like most of the great economic minds are alluding to), the Iraqi Dinar is most likely going to gain in value (against the inflated dollar), as well as many other foreign currencies. Having a few gold coins, silver ingots, Euro, Yen, Yuan, Dong, and Dinar around will somewhat protect you, or cushion the blow, from the pending US dollar currency collapse.
In any investment, there is a risk you may lose your ENTIRE investment. However, you can adorn your walls with this currency, as it is very colorful. You can also have your children bring these currencies to class with them for show-and-tell, and share with them the rich history of Iraq and the various countries' currencies with which you invest.
"Under the Order of the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen."
However, you'll probably have to go to a foreign exchange currency dealer to buy Iraqi Dinar. Furthermore, despite the claims that these sites typically make, they will probably not buy your Dinar back from you. If they do buy it back, they will probably buy it back at a deep discount
If you find a specific bank that buys and sells New Iraqi Dinar, please leave a comment below with the Bank's phone number and/or address for others to read. Buying New Iraqi Dinar at a respectable bank avoids the 30% or more markup currency dealers charge, and it may be safer, not knowing to whom you are sending your cash. It is convenient, however, to buy New Iraqi Dinar from currency dealers, as some of them are able to allow the use of a credit card for purchase. If they allow credit cards, then the site is presumably one of the safer dealers.
Please do not succumb to the hype! Logical minds doubt there will be a revaluation to the US dollar on any scale other than a normal (slow) increase at which their currency recovers. This does not seem like a get rich quick phenomenon. I do, strongly, believe that the Iraqi Dinar will increase in value against the US dollar, however, I do not believe it is going to happen overnight, and I doubt it will make any of us instant millionaires.
If you have some disposable income that you would ordinarily throw out the window of your vehicle while driving down the Interstate, buying New Iraqi Dinar would be a better use of your unneeded money.
However, if you speculate that the United States will go through a period of hyper-inflation, this is a good way to inflation proof your capital assets while the economy (hopefully) stabilizes. If the value of the dollar drops (like most of the great economic minds are alluding to), the Iraqi Dinar is most likely going to gain in value (against the inflated dollar), as well as many other foreign currencies. Having a few gold coins, silver ingots, Euro, Yen, Yuan, Dong, and Dinar around will somewhat protect you, or cushion the blow, from the pending US dollar currency collapse.
In any investment, there is a risk you may lose your ENTIRE investment. However, you can adorn your walls with this currency, as it is very colorful. You can also have your children bring these currencies to class with them for show-and-tell, and share with them the rich history of Iraq and the various countries' currencies with which you invest.
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Forex Trading
