You might have heard that Iraq is the second largest supplier of oil in the world. It is no wonder that many people are interested in this country. Since the reserves of oils in the world are diminishing, the prices of oil go up. Many investors in the world decide to invest in Iraqi Dinar seeing it as an opportunity to earn a quick and easy buck. I would like to present you with what I think on the subject. Below you will find the list of pros and cons of investing in Iraqi Dinar.
-Since 2003, the Iraqi Dinar has already appreciated.
-The presence of US troops makes the country more and more stable.
-The Iraqi Dinar is not officially traded in the world markets. If you decide to invest in the Iraqi Dinar, you are going to do it on your own risk.
-In order to purchase the currency, you will often have to deal with brokers or Iraqi banks that you will not to trust. Very often, you will need to take a leap of faith that the bank of your choice is going to remain solvent to pay you the money.