The Iraqi dinar dream has not been realized yet, there has been a lot talks about is revaluation and then people would get the chance to earn the big amounts for which they have buy Iraqi dinar, the revaluation has not taken place yet, and many think that it will never happen and they have wasted their money by investing in the Iraqi dinar, but people who own the Iraqi dinar must not lose hope and they should hold on to their Iraqi dinar because there are indications that suggest that things are getting better for the Iraqi dinar.
People invested in the Iraqi dinar when there was heaps about the dinar getting revalued soon and people thought that this way the get rich quick way they have always been looking for, the revaluation will take time as suggested by many experts and analyst, the main reason behind this optimism was the investment that was coming into the Iraqi oil industry.
At this moment of time the Iraqi Dinar does not enjoy the reputation and value it once had but only few doubt Iraq’s potential to turn the tide and get its dinar back up among the top currencies in the world and that is because of the potential of Iraq’s oil industry.
Some of the major reasons to keep believing in the Iraqi dinar and holding on to it are
Its rebuilding oil industry- the Iraqi government has always vowed to increase the production capacity that will enable the country to export more than ever before, their mission is to make Iraq world’s number one oil exporter, the government has lift up a lot rigid rules and impositions that were there before which enables people to invest more and more in the industry.
Multibillion dollar approved loan and budgets- unlike many other countries Iraq has a multibillion dollar loan approval from the IMF, countries, especially the third world countries find it very hard to get big amount of loans, mainly because of their incapability of repayment, but the world knows everything about Iraq’s oil industry and its ability to export humungous amounts of oil, and with different countries investing in Iraq’s oil industry, the chances are high that the industry would be producing and exporting even more than it is now.
Approximately 95% of Iraq’s exports are oil and related products, and the oil industry starting to get rebuild is very good news for the economy of Iraq.
A government and infrastructure- the government of Iraq was missing for a good period of time, and it does not really help the country in any possible way, but Iraq now has a government that wants to rebuild the economy and infrastructure, that really helps bring foreign investment and business more than anything, Iraqi government has contracts with turkey and china for its infrastructural development.
If you are a Iraqi dinar holder then you should keep the hope alive because it can revalued anytime.