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S. Dollar began to fall dramatically, and has continued to do so for many years. The operation Iraqi Freedom was begun a few years later, and this was when a brand new currency was introduced for these regions. This was the Dinar that was valued at $0.00007 as against the Dollar, and maybe because of the fact that this new currency has not yet been introduced to the free trade markets on the Forex, the value of the currency has remained steady and true. It is also a fact that as the Iraqi market has started opening up to outsiders and foreigners, the Iraqi economy has been demonstrating a slow and steady growth, and this also means that the value of the new currency will also increase steadily and gradually. (Investing in new Iraqi Currency?)
There are some people, who opine that the new Kuwaiti Dinar would be worth about $0.30 in a matter of two years' time, and this is great news for those foreigners who would be interested in conducting trade with Kuwait and Iraq. In other words, were one to invest a sum of $1,000 in Kuwait today, it would be possible to trade it back after a mere matter of two years or so for $400,000 if the Dinar were to hit the $0.30 mark. Even if the Kuwaiti Dinar were to hit the $0.01, the investor could be certain of a good and substantial return on his initial investment. if, by any small chance, the Kuwaiti Dinar were to return to its prime, that is, the time before the UN Sanctions were passed, then an investment of $1,000 would become a huge sum of $4,380,000. This may not, however, be a real possibility any time in the near future. (Investing in new Iraqi Currency?)
The introduction of the new currency, the Kuwaiti Dinar, the Iraqi Trade Policy has been liberalized, and the country can take part in discussions that take place in the World Trade Center. Her oil production has gone...
(Dinar Trade, Investing in your Future) Iraq was a country where more than 60% of the entire population had no food to eat and no clothes to wear, and had to, for a large part, depend on the Government for food supply. With the advent of the reign of Saddam Hussein, Iraq was even more devastated, and the economy took a severe downslide. Currency reform and the change in the status of the Kuwaiti Dinar brought about the much-needed change in the economy of the country, and her borders were opened, and foreigners were able to enter for the first time. Iraqi economy has been gradually growing, and it is the general opinion that it will continue to grow. (Economic Policies and Prospects in Iraq)
Bibliography
Dinar Trade, Investing in your Future. Retrieved at http://www.dinartrade.com/newsAccessed on 5 June, 2005
Foote, Christopher; Block, William; Crane, Keith; Gray, Simon. Economic Policies and Prospects in Iraq. 2004. Retrieved at http://www.bos.frb.org/economic/ppdp/2004/ppdp0401.pdf. Accessed on 5 June, 2005
Investing in new Iraqi Currency? Minnesota Public Radio, News Forum. Retrieved at http://news.forum.publicradio.org/article.pl?sid=05/02/23/1042216Accessed on 5 June, 2005
Kevin. Iraqi Banks Gaining Ground. April 11, 2005. Retrieved at http://truckandbarter.com/mt/archives/cat_iraq.html. Accessed on 5 June, 2005
Key Economic and Financial Indicators for Kuwait. Economic and Financial Review. 30 April, 2001. Retrieved at http://www.nbk.com/NR/rdonlyres/e2ag6evuj6geyn2rvhxvzfpunsom7qeg62or3wwfqgwgb24qx6dcts2kug6sqgmhxglu3d37tvbewmdjya2tw4hhkpg/NBK_Review_2001_1.PDFAccessed on 5 June, 2005
Bibliography
Dinar Trade, Investing in your Future. Retrieved at http://www.dinartrade.com/newsAccessed on 5 June, 2005
Foote, Christopher; Block, William; Crane, Keith; Gray, Simon. Economic Policies and Prospects in Iraq. 2004. Retrieved at http://www.bos.frb.org/economic/ppdp/2004/ppdp0401.pdf. Accessed on 5 June, 2005
Investing in new Iraqi Currency? Minnesota Public Radio, News Forum. Retrieved at http://news.forum.publicradio.org/article.pl?sid=05/02/23/1042216Accessed on 5 June, 2005
Kevin. Iraqi Banks Gaining Ground. April 11, 2005. Retrieved at http://truckandbarter.com/mt/archives/cat_iraq.html. Accessed on 5 June, 2005
Key Economic and Financial Indicators for Kuwait. Economic and Financial Review. 30 April, 2001. Retrieved at http://www.nbk.com/NR/rdonlyres/e2ag6evuj6geyn2rvhxvzfpunsom7qeg62or3wwfqgwgb24qx6dcts2kug6sqgmhxglu3d37tvbewmdjya2tw4hhkpg/NBK_Review_2001_1.PDFAccessed on 5 June, 2005
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