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Purchase Iraqi Dinar As An Investment

By Tameka Ware


Iraq and Saddam Hussein have invariably been a subject of debate since the time of the Gulf War. He ruled for twenty-four years when people announced him to be a tyrant. His ways of getting rid of anyone who opposes him were oblique and cruel. The American president and the English prime minister were particularly interested in the current status of the country. The dethroning of Saddam Hussein has led many investors to believe they can make money as they purchase Iraqi dinar.

Saddam Hussein took over all the natural resources and financial institutions. He broke in Kuwait and this caused joined forces of countries to liberate it. Still he was not overthrown from his post at that time. As years passed by it was clear that Saddam was a cruel tyrant who killed in order to reach his goals against the opposition.

The moment that Israel was bombed, there was not a nation in the world that supported this cruel act. Saddam was believed to have committed crimes against humanity. There were many casualties of war in Israel, mostly people that were not of military statute.

2003 was the year when Saddam was revoked from the presidential post by the act of invading the Iraqi borders. This was done by the Americans. It was officially declared that the tyrant secretly maintained firearms that could cause irreversible damage to the world. Also it was noted that the people of the country desperately needed this US help because they have already shown their disapproval of his actions. The streets of Baghdad were covered in bloodsheds.

Most prominent international spokesmen declared that Iraq necessitated prompt rebuilding. Millions of dollars were splashed for this cause. The most urgent matters to deal with were places for kids to study and play, healthiness maintenance, homes for people, supplying the essentials. Every cent spent on these activities was strictly followed and administered.

As it always happens in situations like this, fortune seekers have spread the word that this war could bring unbelievable financial earnings. Thousands of articles were published on this matter each promoting to buy Iraqi currency.

Lots of assumptions circulate the financial markets that Iraqi currency denomination will happen. Inevitably greedy entrepreneurs hope to become filthy rich for 24 hours. There is a very small chance for this to happen. No country will allow this to take place, so probably the Bank of Iraq will print banknotes without the zeros. One new dinar will cost one thousand old ones.

There are different hypothesis that go from mouth to mouth on the stock exchange. They all concern that the purchase Iraqi dinar will be devalued. Investors nourish the dream of every person that this will be the big time to make millions. Unfortunately this cannot happen. For sure the authorities will take the necessary measures to prevent this from happening. A fiscal action of printing money without zeros will be initiated.




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