Saturday, November 19, 2005

Now is the Time to BUY the Iraqi Dinar

by Clare Omvig

A powerful new development has made purchasing Dinar (Iraq Currency) top of the wise investor's list!

You need to take some time to read the powerful documentation and credible speculation concerning the power and excitement of the Iraqi Dinar market.

The Math makes it clear: Currently through FreeDinar.com you can purchase Iraqi Dinar at less than 1/10th of a US Cent per Dinar. Buy 100,000 Dinar for $100 today! Looking back at history it is possible that the Dinar value could be as high at $0.20 to a US Dollar. If that is the case a $100 in dinar could potentially return $20,000!

If the value reached, over time, is the pre-Desert Storm value of around $3.00 that same $100 could potentially be valued at $300,000! Our advice is to educate yourself as much as possible. Get your news reports from multiple media outlets and contrasting viewpoints. Only then can you begin to see the situation for what it is, a great, affordable opportunity. "More professional investors are buying. commodities, foreign currencies and equities, creating tension in the stock market." Wall Street Journal 11/24/04 Iraq has been granted 32 billion dollars in debt relief. "The Paris Club agreement represents a major international contribution to Iraq's continued political and economic reconstruction. I encourage (other) nations to agree to comparable debt reduction for Iraq." George W. Bush 11/22/04 Opening International Trade has increased the wages to Iraq's 25 million people who have pent-up demand for goods and services. An estimated $33 billion has already been collected for rebuilding Iraq. Coca-Cola, Chevron, Texaco, and more are investing! "...wages are triple those paid elsewhere in the Middle East." Wall Street Journal 11/24/04 More Iraqis are holding on to the dinar as a savings vehicle after years of hoarding dollars. The limited circulation of the new currency as compared to the open-ended printing of old notes by Saddam's political leadership. "Iraq has a stable currency; value of the new dinar has already risen 25 percent." US Department of State ? Bureau of Public Affairs 06/30/04 Iraq has the World's largest natural gas reserve and is the world's 2nd largest oil producer. "No one doubts Iraq's potential for enormous production. Only 17 of its 80 known oil fields have been developed, and the costs of new production are among the world's lowest."

"A senior Iraqi leader evoked the eternal dream that Iraq could produce 10 million barrels a day." The New York Times 05/03/05 The Kuwait currency devalued by the same margin in the '90's has completely rebounded. "If post-war Kuwait is any example: A Kuwaiti dinar was valued at about a dime after the war. Each now brings in $3.40 ...If (Iraq Dinar) jumps to a few cents, (investors) can start paying off mortgages." Stars and Stripes Mid-east ed., 10/15/04 Following World War II, it took three years to institute a new currency in West Germany. Iraq has taken only six months. Oil revenues and existing assets from the Saddam dictatorship are being pumped into government operations and reconstruction projects such as: paying 350,000 teachers (rehabilitating 2,200 schools), 100,000 doctors and healthcare workers,(30 times more funds over pre-war levels, restoring 240 hospitals), upgrading electrical grids, water, sewage, irrigation systems, and expanding oil output. 3 dozen countries are contributing financially to the renewal of Iraq, and 19 countries are providing personnel for operations in Iraq. The new Iraqi Government and the US treasury are working together to reinstate a strong decentralized banking system in Iraq. Iraq has vast areas of fertile land and the most precious commodity of all in the Middle East, water. With the rejuvenation of the Tigris and Euphrates River, Iraq's agriculture sector may once again be the Breadbasket of the Middle East.

Iraq holds the second largest oil reserve in the world, with 95 percent of Iraq?s revenue coming from exported oil. Combine that with the continued rise of oil prices and you have the makings of a strong economic comeback. The Iraqi Dinar has also managed to appreciate in value from it?s all time low of 3000 Dinar to one US dollar to the recent level of between 1500 and 1400 Dinar to one US dollar. Before the 1991 war it was 1 Dinar to 3 US dollar. Keep in mind that the new Dinar has only been in existence since October 15, 2003. The monetary system established by the new government encourages foreign investment, a key to developing a strong economy.

A new stock market opened recently with over record trading volumes pushing stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions. Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq, citizens are now buying houses in neighborhoods generally reserved for government officials.

Our advice is to educate yourself as much as possible. Get your news reports from multiple media outlets and contrasting viewpoints. Only then can you begin to see the situation for what it is, a great, affordable opportunity for investment.

Personally we wanted to check this investment out...and so went to http://www.freedinar.com (key in id: nzinvestor) and ordered a Starter Pack to see if they are what they say they are...and sure enough, within a week we had our dinar in hand by regular mail.
I can therefore recommend this to any savvy investor - as the next opportunity to potentially make millions!

About the Author
Clare has been in internet marketing for a couple of years now, and has promoted a number of opportunities. Currently her investment strategy with MyFreeDinar.com (nz investor) is making a lot of money. Internet marketing and traffic venues have been her choice of focus though for most of her time online. You can visit her blog here:
http://website-creations.blogspot.com/

Nice article, don't you think?

Regards,

Marcel Heersema
Iraqi Dinar Resources