HERE'S WHY IRAQI NEWS PLATFORMS CALLS IQD INVESTMENT A SCAM BY SANDY INGRAM, 6 SEPT

 SANDY INGRAM

HERE'S WHY IRAQI NEWS PLATFORMS CALLS IQD INVESTMENT A SCAM

Summary

The Iraqi Dinar’s potential for revaluation is questioned, citing economic instability, currency supply, and lack of government plans for significant changes.

Highlights

• 🌍 Vast quantity of dinars limits potential appreciation.
• 💼 Iraq’s economy is fragile, reliant on oil exports.
• 📉 Historical revaluations rarely match dinar promoters’ claims.
• 📊 Central Bank denies major revaluation plans.
• 🔍 Market forces will determine dinar’s value.
• ✈️ Travel to Iraq is currently not allowed.
• 💰 Investors face uncertainty in the dinar market.

Key Insights

• 🚫 The oversupply of Iraqi dinars hinders any substantial appreciation, making high revaluation unlikely. This reflects a broader concern about monetary policy effectiveness.
• ⚖️ Iraq’s heavy reliance on oil exports makes its economy vulnerable, with political instability further complicating foreign investment opportunities.
• 📖 Historical context shows that significant currency revaluations usually occur under specific conditions, highlighting the unrealistic expectations of dinar promoters.
• 🏦 The Central Bank’s consistent denial of major revaluation plans signals a cautious approach to maintaining economic stability rather than speculative gains.
• 📈 Market forces will dictate the dinar’s value, emphasizing the need for a more stable economic environment to attract investments.
• 🚷 Current travel restrictions to Iraq limit investors’ direct interaction with the market, raising concerns about the dinar’s accessibility and future prospects.
• 🔄 The concerns about dinar circulation suggest that a more manageable currency supply could lead to a gradual appreciation, albeit with significant uncertainties for investors.