Sandy Ingram
BP is helping Iraq's economy grow. Their investments are creating jobs and bringing in money. This is goodness for the Iraqi dinar...When the economy is strong the currency usually gets stronger too.
This means people in Iraq can buy more with their money. It also makes Iraq more attractive to foreign investors.
As investors we are looking for more foreign investments and safety for these investors.
We are also looking forward to a time when foreign countries need billions more IQD to ship goods from the Gulf to Europe. These are factors that will drive the value of the IQD up.
