Iraqi dinar revaluation is the hot discussion among the people these days. Everyone is looking towards Iraq Government to make final decision about revaluation. Revaluation is the process that will enhance the value of Iraqi dinar to its previous stage. There was a time when Iraqi dinar was more powerful currency that the US Dollar. $3.5 US Dollars were traded against one Iraqi Dinar in 1990. Iraq Iran and later on Kuwait war were some of the most important reasons for Iraqi currency to decrease its value in the international market. The expectations are associated with the revolution of dinar is the basic cause for the growing number of dinar investors in the world.
Disputes & Arguments about Revaluation
Different people in the world have different arguments about Iraqi dinar and its revaluation. Some of them believe that Iraqi dinar will not be able to regain its lost value as fast as some believe.
It is a huge lose in the value that not years to recover back. They believe that Iraq can only regain its lost value with the stable economic conditions and the peace is the priority for it. Iraq is passing through a massive recession period with the worst security situation in the country.
It is very difficult for a country to get strong economic conditions in the situation like that. Moreover, they think the half of the country is under the occupation of ISISI that is the major trouble for the country.
The people who believe in revaluation of Iraqi dinar have different opinion about Iraq and its economic situation. They claim a better security and economic condition of the country than the people have opposing opinions.
They believe that only media is responsible for the dark side of Iraq and it does not highlight the things better in the country. They say that ISISI is not a power terrorist organization as some believe.
The situation is under control by the Iraq Army and the US Forces. Oil is the backbone of Iraq economy. 99% oil fields are under the direct control of Iraq. None of the terror organization can claim the control on oil reserves. All of the oil fields are in the southern side of the country and the ISISI is active in the northern areas of the country.
The country is free from international sanctions imposed by UNO in 1991 after the attack on Kuwait. They are now free to sign any contract with the any country of the world that suits their economy. They believe the situation is completely different in the country. The government of Iraq is interested to sign new contracts with the other countries and the legal barriers in signing a contract with the other countries are removed.
The special authorities are provided to the governors to sign any contract with the any country of the world that is in the favor of the country. All of these things are favourable for the country and the economy of Iraq and we expect Iraqi dinar revaluation in next few months of years.
What will be the expected time for revaluation?
This question is difficult to answer. If you are a dinar investor, you will have to wait for better economic conditions in the country that are not too far to achieve for the government of Iraq.
The dispute between Iraq and Kurdistan was also a major barrier in the revaluation of Iraqi dinar. The Kurd Ministers were not talking part in the activities of national assembly. The bill for revaluation is available in the national assembly for discussion.
Now, with the serious interests by the recent government, the oil dispute between Iraq and Kurdistan is resolved. It is time to go ahead now. It can be happened any time as per experts. It may take weeks of months but it will not be long enough as some believe.
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