Forex Trading in Iraq would increase the value of the Iraqi dinar worldwide. Another option to revalue the Iraqi dinar, you must also need a legal framework for forex trading. At the current time, there is no laws in place that will regulate forex trading. Say, for example, the Iraqi dinar forex rate (IQD/USD) is 1,160 Iraqi dinar per U.S. dollar. If you invest $1000 in Iraqi dinars with that rate, you will get 1.16 million Iraqi dinars. Since the Iraqi dinar is low right now, many investors have purchased significant amounts of it, eagerly awaiting the day when it revalues so that their currency will be worth more. The Central Bank of Iraq’s revalue of the Iraq currency is based on efforts to revise the country’s monetary policy and supervise its financial system. Despite the recent history of the Iraqi dinar being so weak, the potential for an Iraqi dinar revalue could be a game changer. A revaluation could take the currency out of the global currency basement, and put it back up on the main floor – where it had been for decades up until 1991. The Iraqi dinar was trading in July 2014 at a rate of about 1,200 per United States dollar, so a 1,000-fold revaluation would see the exchange rate at 1.2 per U.S. dollar. So what are the odds of ...
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Skip navigation Sign in. Search Skip navigation Sign in. Search This video is unavailable. Watch Queue Queue. Watch Queue Queue IRAQI DINAR RV CBI FOREIGN CURRENCY DOCUMENT January 2018 Youtube The Central Bank cancels letters of guarantee to exchange companies. Deposit 100 Million Dinar in insurance account at end of ... Skip navigation Sign in. Search