Astounding currency devaluation.
After years of trade sanctions, and rampant counterfeiting, the Iraqi Dinar has plummeted from its pre-Gulf War value of over USD$3, to mere fractions of one US cent. What was once the equivalent of more than $82,500, can now be purchased for around $50. Can Iraq's economy achieve, in a free market, what it once achieved under a brutal dictatorship? We don't know yet. But we know she is not alone in her effort to do so.
Let's say you decide to err on the side of Iraqi prosperity. You take advantage of the 100 year low value and buy 2 million Iraqi dinars. You look them over, admire them, and show them to some friends as a curiosity. The security features alone will have them enthralled. Then you stick them in a closet and go about your life.
A few years from now, you see a program on A&E portraying the lives of average Iraqis. You see people drinking locally bottled, genuine Pepsi Cola; not the ersatz they'd been consuming for years. They are buying their cars from Baghdad Mitsubishi.
Their highly educated engineers, no longer waiting tables or driving cabs, are engineering. The world's 2nd largest oil reserve is producing more efficiently. Higher quality crops are being harvested, in larger numbers.
You discover that things are going well enough in Iraq to have raised the value of the the dinar to one US cent.
Your $2100 purchase would now be valued at $20,000.
If the dinar were to climb to a dime, you've got two hundred thousand dollars in your closet. What if it were to reach a dollar? Or rebound to it's peak of over $3.00? Do you dare continue to keep your dinars in the closet?
This is no pipe dream.
This is a genuine possibility, with remarkable ramifications. Organizations like Operation Iraqi Children working with the US military, are helping to shape a new generation of freedom loving Iraqis. It won't be long before these kids take their place in society. They will recall their childhood as the time when powerful Americans released them from the grip of a bloodthirsty madman, and gave them the tools and support to build a peaceful, prosperous society to call their own. Evidence suggests they will run with it.
So, who are we?
We are freedom loving Americans that believe a liberated, resource rich Iraq can become a force in the world economy. We believe the efforts of the coalition are noble, and will be effective.
We are not professional financial consultants or Wall Street gurus. We can't predict the future or offer any investment advice.
But we will bet on Iraq.
Bet On Iraq - Buy Iraqi Dinar
Posted by Texas Gal