Dinar Trade Inc. is currently undergoing some major changes never before seen in the market. Soon we will be offering new options for your current and future Iraqi Dinar holdings, along with other investment opportunities in Iraq. We would like to thank all of our loyal customers for their blessings and support during this major transition. We look forward to doing business with you in the near future.
Picture Iraq as a company selling
stock. Each Dinar you purchase represents a share
in Iraq's future. As Iraq recovers from
the removal of Saddam Hussein, and starts rebuilding,
the country's infrastructure resumes production. Boasting
the 3rd largest oil reserves in the world,
Saudi
Arabia
$1
= 3.750 Riyal
United
Arab Emirates
$1
= 3.67 Dirham
Kuwait
$1
= 0.279 KWD
Afghanistan
$1
= 48.30AFN
Iraq
$1
= 1164 Iraqi Dinars
The above represents
approximate rates as of 2/3/2012.
Exchange rates are subject to change.
The Iraqi
Dinar was worth US$3.20 before the United Nations embargo
that followed Iraq's 1990 invasion of Kuwait. By August
2002 it was trading at just below 2000 to the US dollar,
and by mid-April 2003 it had slipped to anywhere between
3500 and 4000 against the dollar. In July 2003 one US
dollar equaled about 1,500 Iraqi Dinars.
Economic life is steadily appreciating
in value. Since October 15th2003, the
start of the Iraqi Currency Exchange (ICE),
the new Dinar’s worth has risen by 45%.
After two years of economic
decline, the World Bank Group estimates that
Iraq's GDP (Gross Domestic Product) will rebound by
33 percent this year.
According to the Oil and Gas
Journal, Iraq contains 115 billion barrels of proven
oil reserves, the third largest in the world (behind
Saudi Arabia and Canada)
