We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example:
- Will the Iraqi dinar increase in value?
- Will the currency be re-denominated, dropping the 'three zeros'?
- Is it wise to buy Iraqi dinar?
Firstly, Iraq Business News is not in a position to give investment advice. Our mission is to provide our readers with the highest quality information on the business and economy of Iraq. We hope that this information will be useful to decision-makers at all levels.
Regarding the dinar, we do not have a crystal ball, but in the past the ramping up of petroleum production has often caused currencies to rise, and it is certainly the plan over the coming years to greatly expand Iraq's oil and gas output.
Experts debate whether re-denominating the currency (dropping the zeros) would help the economy or change the underlying valuation of the currency, and we present all sides of that debate. Read more ...