Is the Iraqi Dinar a Wise Investment?
What does it mean to “invest” in the Iraqi dinar? In simple terms, it’s the same as investing in any other currency. You purchase a certain amount of Iraqi dinar (IQD) by paying the respective amount of U.S. dollars (USD).
As with buying stocks, bonds, or other currency, when you invest in dinar, you purchase it at a given price and expect the price to rise. The real question, though, is not can you invest in this particular currency, but should you? While Iraqi dinars could be useful to those living in or near Iraq, there are many reasons to avoid this currency.
Key Takeaways
- The Iraqi dinar is the currency of Iraq; like any other currency, it can be exchanged for U.S. dollars.
- Hopes that Iraq’s economy can recover from…
