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 less than $50. Can Iraq
Might a free Iraq Iraq
We understand that liberty is always challenged. It's challenged regularly in our own country. Why should a fledgling democracy, on the heels of a 30 year dictatorial rule, be immune?
We simply trust that the seed of freedom, implanted back in 2003 with the fall of Saddam's regime, has germinated in the hearts of the majority of the Iraqi people. We see this as a wondrous thing, with tremendous possibilities.
The free world is behind Iraq
Thirty-eight nations have reduced the debts owed to them in an effort to bolster Iraq Iraq
What if? Let's say you decide to bet 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
Your $2100 purchase would now be valued at $20,000.
This is no pipe dream. This is a genuine possibility, with remarkable ramifications. Organizations like Operation Iraqi Children working with the US
It won't be long before these kids take their place in society. They will recall their childhood as a 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. The incredible successes of the last two Iraqi elections seem to clearly suggest that they want it, and will run with it.
Furthermore, the two pre-eminent causes of the collapse of the Saddam dinar have been removed from the equation. Trade sanctions have been lifted, and the currency's high tech security features have been thwarting counterfeiters.
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. We are Dinar Inc an authority on Iraq
