these are the notes I am refering to... NO SADAAM... LOLhave YOU bought any Dinar? If so please tell me why.
The Number 1 reason to buy Iraqi Dinars....Great pictures of Saddam.
BTTT
these are the notes I am refering to... NO SADAAM... LOLThere has been a very slow strengthening of the Iraqi dinar. Its around 3% stronger than at the start of the year. This is not much and its not really worth trading in Iraqi dinars right now. The dinar is being propped up by the state central bank by the high rate of 20%. This is aimed at encouraging businesses to keep their dinars in their banks rather than trade them for dollars or take them abroad. This policy is successful right now because of the oil revenue which is in dollars. But one can never be sure of the future. If the security situation deteriorates further or spreads well beyond Baghdad, then the dinar could drop like a rock (ie people exchanging their money for dollars and going elsewhere). This would be bad news for people wanting to profit for their saved dinars.
By the way, the Iraqi central bank has a website, with currency statistics here:
http://www.cbiraq.org/cbs6.htm