Now is a great time to buy dinars because the country of Iraq is undergoing a major transition, and the cost for dinars is relatively cheap compared to many other currencies. The value of the dinar is expected to rise dramatically in the next few years once the country has stabilized. Several key laws are being passed that will help organize the oil industry and redistribute profits locally, and it is estimated that upwards of 300,000 or more jobs will be created once the oil industry in the country expands. Iraq represents a great amount of economic potential, and if you buy dinars now you can benefit from the current strength of the dollar against the dinar.
The dollar is currently strong but this will not last forever
When you buy dinars now, you are benefitting from the historic strength of the U.S. dollar against many other currencies. With high inflation rates in the United States, and with other economic factors such as a potential stock market bubble, the value of the dollar may decline in the next five years or sooner. Once the value of the dollar declines, it will no longer be a good time to buy dinars or buy other currencies, because the potential for a return on investment will be lower than the present. At the present, currencies like the dinar and Vietnamese dong are weaker against the dollar because those countries are currently being developed, but with their rapid rate of development, their weakness against the dollar will not last very long, so now is the best time to buy dinars.
Buy dinars to profit from the upcoming boost in Iraq’s economy
Iraq’s economy will inevitably begin growing at a rapid rate, similarly to how countries like China, India, Vietnam and many others have developed during their periods of stability. Iraq is undergoing many transitions, but the leaders in Iraq and in many other countries are working hard for political stability because of the huge economic potential that the country has. With a tenth of the known oil reserves in the world present in Iraq, dozens of multi-national corporations have expressed interest in opening facilities and refineries in the country, and many of them already have. When you buy dinars now, you are making a wise investment because the boost in Iraq’s economy is inevitable and will occur quickly once the political climate has stabilized.
Production for oil hit a high this year so now is a good time to buy dinars
Oil production in Iraq reached an all-time high in February of 2014, and it is expected to reach upwards of 8-10 million barrels per day by the end of the decade. Iraq still has full production of its southern oil fields, and the northern oil fields and cities are currently being secured by the multi-national force that has arrived to fight off insurgents. The country will benefit from the increased military presence, and the economy will start to make a major turnaround in the next few years. Right now is still a great time to buy dinars because you will start to see a return on your investment soon, and the revaluation may result in a massive return on your investment.