Iraq and Saddam Hussein have invariably been a subject of debate since the time of the Gulf War. He ruled for twenty-four years when people announced him to be a tyrant. His ways of getting rid of anyone who opposes him were oblique and cruel. The American president and the English prime minister were particularly interested in the current status of the country. The dethroning of Saddam Hussein has led many investors to believe they can make money as they purchase Iraqi dinar.
A very brave step of the president was to gain total control over the black gold of the country as well as the money state providers. Saddam attacked Kuwait and when this happened the whole world stood against him and supported the invaded country. When America took military actions against him there, he was still a president of Iraq and remained one after that. Time and his actions proved that he was a malicious ruler who assassinated people who were bold enough to stand against him and his regime.
The moment that Israel was bombed, there was not a nation in the world that supported this cruel act. Saddam was believed to have committed crimes against humanity. There were many casualties of war in Israel, mostly people that were not of military statute.
2003 was the year when Saddam was revoked from the presidential post by the act of invading the Iraqi borders. This was done by the Americans. It was officially declared that the tyrant secretly maintained firearms that could cause irreversible damage to the world. Also it was noted that the people of the country desperately needed this US help because they have already shown their disapproval of his actions. The streets of Baghdad were covered in bloodsheds.
Inevitably there are people who believe that there are business opportunities in this complicated situation. A lot of information was poured online and in the media that the time has come to purchase Iraqi dinar as an investment. As with any type of currency investment there are risk. Overall, no one knows the reevaluation rates and investor may have to wait years have many have to reap their profits.
As it always happens in situations like this, fortune seekers have spread the word that this war could bring unbelievable financial earnings. Thousands of articles were published on this matter each promoting to buy Iraqi currency.
Bear in mind the following information before taking the big plunge. The Bank of Iraq has made a few paper money editions, the first one taking place in 1930. When Saddam Hussein was removed from the government in 2003, the last tranche happened. There were 50, 250, 1000, 5000, 10000 and 25 000 value bank notes. The current exchange rate is 1 170 dinars per dollar. Shroffs bargain for 1200.
There are different hypothesis that go from mouth to mouth on the stock exchange. They all concern that the purchase Iraqi dinar will be devalued. Investors nourish the dream of every person that this will be the big time to make millions. Unfortunately this cannot happen. For sure the authorities will take the necessary measures to prevent this from happening. A fiscal action of printing money without zeros will be initiated.
A very brave step of the president was to gain total control over the black gold of the country as well as the money state providers. Saddam attacked Kuwait and when this happened the whole world stood against him and supported the invaded country. When America took military actions against him there, he was still a president of Iraq and remained one after that. Time and his actions proved that he was a malicious ruler who assassinated people who were bold enough to stand against him and his regime.
The moment that Israel was bombed, there was not a nation in the world that supported this cruel act. Saddam was believed to have committed crimes against humanity. There were many casualties of war in Israel, mostly people that were not of military statute.
2003 was the year when Saddam was revoked from the presidential post by the act of invading the Iraqi borders. This was done by the Americans. It was officially declared that the tyrant secretly maintained firearms that could cause irreversible damage to the world. Also it was noted that the people of the country desperately needed this US help because they have already shown their disapproval of his actions. The streets of Baghdad were covered in bloodsheds.
Inevitably there are people who believe that there are business opportunities in this complicated situation. A lot of information was poured online and in the media that the time has come to purchase Iraqi dinar as an investment. As with any type of currency investment there are risk. Overall, no one knows the reevaluation rates and investor may have to wait years have many have to reap their profits.
As it always happens in situations like this, fortune seekers have spread the word that this war could bring unbelievable financial earnings. Thousands of articles were published on this matter each promoting to buy Iraqi currency.
Bear in mind the following information before taking the big plunge. The Bank of Iraq has made a few paper money editions, the first one taking place in 1930. When Saddam Hussein was removed from the government in 2003, the last tranche happened. There were 50, 250, 1000, 5000, 10000 and 25 000 value bank notes. The current exchange rate is 1 170 dinars per dollar. Shroffs bargain for 1200.
There are different hypothesis that go from mouth to mouth on the stock exchange. They all concern that the purchase Iraqi dinar will be devalued. Investors nourish the dream of every person that this will be the big time to make millions. Unfortunately this cannot happen. For sure the authorities will take the necessary measures to prevent this from happening. A fiscal action of printing money without zeros will be initiated.
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