If you have been thinking about investing in dinars you might be wondering about the timing of your purchase. There is no specific right time to buy Iraqi dinars, but there are many potential benefits to investing in the dinar right now because it is currently valued at a low amount compared to the U.S. dollar. This is a favorable situation for purchasing a large amount of the currency with a low dollar investment. At the moment, 1 USD can purchase several hundred (Iraqi dinars), and this rate has stayed fairly stable over the past few months.
Consider buying before the value goes up
You don’t want to wait too long to buy Iraqi dinars because the value is expected to increase at any time. There have been substantial efforts to rebuild the country and improve the infrastructure. The local government as well as foreign countries have been investing heavily in the infrastructure of Iraq and working hard to improve its stability so that the economy has the opportunity to advance. There is no doubt that the value of the dinar will go up, the only question is when, and most investment experts believe that it will be rising in value soon.
Buy when the dollar is high against the dinar
At the present moment, the dollar is very strong against the dinar but this may change as the country continues to rebuild. The dollar can purchase several hundred dinars, and a small investment in the dinar ends up being substantial. Once the dinar is revalued it is estimated that it will increase many times in value. At one point in time 1 dinar was worth $3.20 USD when Iraq was at an economic peak, and it is not out of the question that it could return to similar levels within several years.
The dollar continues to decline
Many signs suggest that the US dollar is in a decline as inflation rates have risen over the past decade and the dollar continues to drop against other currencies like the euro. Countries have begun using the euro and have started reducing their levels of reserve US dollars that they commonly use to purchase commodities and oil. As the dollar weakens other currencies including the dinar and currencies from developing countries will continue to strength, and it makes sense to buy Iraqi dinars in the present time when the dollar remains relatively strong compared to these currencies.