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The Iraqi Dinar was worth $3.20USD before the United Nations embargo that followed Iraq's 1990 invasion of Kuwait. By August 2002 it was trading at just below 2000 to the US dollar, and by mid-April 2003 it had slipped to anywhere between 3500 and 4000 against the dollar. In July 2003 one US dollar equaled about 1,500 Iraqi Dinars, now it's at 1,164 in Iraq.
Experts are expecting the next change to be a big jump back to near what it was.... they just don't know when.
Potential Value increase of a 25,000 Iraqi Dinar holding... If the value of the Iraqi Dinar increases to: $0.01 = $250 $0.10 = $2,500 $1.00 = $25,000 $3.20 = $80,000 (Back to previous value)
The Kuwait Dinar already did exactly what we expect this to do. People that invested a couple thousand dollars in that currency became multi-millionaires. This may turn out to be a very good investment if and when the Iraqi Dinar ReValues (RV) or Re-Institutes it's old value (RI)!!!!!!!!!!