Buy DISCOUNTED dinars from our approved seller: DinarProfits.com
Steady Increase in the Iraqi Dinar
According to the Central Bank of Iraq (CBI), 1 Iraqi dinar was worth $0.000673USD on October 1st, 2006 and valued at $0.000801USD on September 30th, 2007. This means that during the 2007 fiscal year, the dinar appreciated 19.2%.
Since the end of the 2007 fiscal year, the dinar has continued to steadily increase in value, with a current worth of $0.000817USD per 1 Iraqi dinar, equivalent to a 2% rise since September 2007. If the dinar continues to appreciate at this rate, by the end of the 2008 fiscal year, the expected return for the year will be approximately 12%. This would result in a total 31.2% increase in value of the dinar over 2 years.
Below is a graph of the dinar appreciation over the 2007 fiscal year:
This appreciation can be attributed to the continuing increase in infrastructure construction projects and financial and economic support, the tightening of the monetary policy, and the modernizing of the banking and exchange system in Iraq.
Links, news & information:
Information and news on Iraqi Dinars
Buy Iraqi Dinars from our trusted supplier
Related Articles:
Why Invest In Iraqi Dinars?
Your Guide to Investing in Iraqi Dinars
Ten questions you should ask before buying Iraqi Dinars
The Pros and Cons of Investing in Iraqi Dinars
Find out if your Iraqi Dinars are authentic
Follow the Iraqi Dinar exchange rate
Steady Increase in the Iraqi Dinar
American Banks Convert Iraqi Dinars
High resolution images (provided by www.DinarProfits.com):
The 25,000 Iraqi Dinar
The 5,000 Iraqi Dinar
25,000 & 5,000 Iraqi Dinar comparison