The Biggest Concern for All IQD Investors
The small country of 40 to 43 million people with a massive number of individuals under the age of 25 is destined for great things.
Iraq has already implemented one of the best and lasted electronic payment systems in THE WORLD. Surely, this is only the beginning.
Yes, the United States, aka the Federal Reserve Bank, is leading the small country to a successful economic forecast. The IMF and the World Bank are in support of the US's efforts.
BUT, here is the concern for ALL IQD Investors
Once the country has implemented the e-Government, which I will discuss in Thursday's upcoming video, IQD investors outside of Iraq may have difficulty exchanging the currency.
WHY?
1. Because we will not have access to IQD banking.
2. Because the IQD may not be available on the Forex Market, thus not exchangeable by US Banks. Just because the value increases against the US dollar does not mean it will join the Forex Market.
3. Just because the Iraqi currency increases in value does not mean WE, as investors, will have access to the currency.
|In other words, it is not beyond the US Federal Reserve Bank to help Iraq come up with a plan that will exclude individuals with Iraqi Dinars but not countries.
There was no law about taking the IQD out of Iraq for a long time.
Then suddenly, there was a law.
However, most of us had over a million IQD BEFORE the law was placed into effect.
This concerns me deeply, and I am not sure what to do other than to seek out individuals who can be bonded in the US, speak Arabic and English, open bank accounts in Iraq, and serve as an agent for individuals for a fee.
Contact me at: t r a v e l 3 6 0 d e g r e e s at a o l dot c o m