Methods used in the revaluation of the Iraqi Dinar Read more: http://www.exposix.com/answers/Methods-used-in-the-revaluation-of-the-Iraqi-Dinar.html#ixzz1Ze4LPhh7

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Iraq is poised for a volatile period of economic growth supported by an increase in abroad investment in oil developed and infrastructure. For a foreign investor, Iraq is a gorgeous proposition as it has a 30m strong population and also an educated workforce. Iraq is extremely alluring to foreign investors as foreigners can own Iraqi businesses outright, they’ve got a flat tax charge of 25% and most importantly, they can to transfer out profits as they see fit.

At this time, the Iraqi Dinar is trading close to 1175 to 1 USD. In the incident of a revaluation, it is believed that the currency might trade at 3 Dinars to 1 USD. Economists are confident that the economy of Iraq will spring back to life and the currency will yield earnings to investors who have invested in it. In the past, one million Dinars were equal to 300,000 USD. However, you can purchase the same amount of Dinars for less than 1000 USD at various exchange dealers today.


Revaluation information for 2011

There are a number of positive signs, which contribute to the growing confidence of the investors in Iraq's currency. The economy is slowly but steadily scattering its wings and it is not exceptional to read new stories about oil companies and nations signing contracts with Iraq for oil reserves. The revaluation of the currency is reliant on the Development Fund for Iraq (DFI) fortification. Since the UNSC newly rejected Iraq's plea for an extension of DFI protection of a year, it is supposed that the revaluation might be delayed due to this. The UNSC has instead obtainable Iraq 6 months of protection. Hence, the revaluation might occur after June 2011 or later.

There are a number of additional factors, which might influence the revaluation dates. For instance, the parliament sanction as the Article 110 of the Iraqi Constitution outlines the parliament's influence over the monetary policy might influence the revaluation as well.

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