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Iraq's Economy and the Iraqi Dinar


Secret Agent
Staff member
Recently, I have been reading up on different views on the Iraqi economy, and have considered putting some money into it.

It is currently very low compared to what it was prior to the war.

Now, you might think that jumping on this economy right now is selfish and "taking advantage" of them, but actually the extra money helps their economy grow.

Currently, the exchange rate is as follows:

1 US Dollar = 1,539.26 Iraqi Dinar

Which means, you could get a million Dinar for:

1,000,000 Iraqi Dinar = 707.221 US Dollar

What are your thoughts on this? Has anybody else here invested in Iraqi Dinar recently?

Here is an interesting read as well: http://www.xe.com/iqd.htm