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Is the Dinar really a good investment?
Have a look at this chart of the USD (attached)
See the USD has been in virtual freefall since January 2002 and is heading lower. Surely since the IQD is being hyped as a great investment, it's value should be rising a lot against a falling dollar right?
Take a look at the historic list of exchange rates from the Iraqi Central Bank..
http://www.cbiraq.org/C.B.I.%20FOREI...20AUCTIONS.pdf
The IQD was initially at 1680IQD to 1USD. Now it is just 1234 and in a downtrend.
So, if the USD is falling faster than the IQD, yet the IQD is worth less and less USD, it doesn't take a rocket scientist to determine that the IQD is falling in value.
That's just the technical outlook. What about the fundamental? Would you think that a country that is basically destroyed, with millions of skilled people fleeing the country and those left behind engaged in a brutal civil war is a good investment?