Why do people invest in the Iraqi Dinar?
In this video/article, we will explore why people invest in the Iraqi Dinar and what the investment has to do with Israel. Click here to watch the video.
Iraq's parliament indeed passed a law that makes it a crime to normalize ties with Israel, and violations of the law can be punishable with a death sentence or life imprisonment. The law was passed in 2022.
According to Wikipedia, "All Iraqi passports are invalid for travel to Israel, and Israeli passports are likewise invalid for entry into Iraq.
Iraq is designated as a hostile state under Israeli law, and Israeli citizens may not visit the country without a special permit issued by the Israeli Interior Ministry."
It is safe to say that the ill feelings between the two countries are mutual.
Does the relationship between the two countries cause a silent slowdown in Iraq's international economic progress?
As Iraqi Dinar investors, this is a question investors may want to explore.
We are well aware that this topic is complex. However, it should be noted that investing in the Iraqi Dinar does not mean that investors are against or for Israel.
Investors, likely, see the potential for a return on their investment, just like with any other exotic currency struggling to increase in value against other global currencies.
For Christians invested in the Iraqi Dinar, they may believe, according to the world's most famous book, that Iraqis and the Israelis are half brothers and sisters, based on the belief that they are both descendants of Abraham, the father of many nations.
Then, some believe Iraq may have been treated unfairly by the global community after the 2003 invasion when Kawait was restored to its previous financial position. However, Iraq was not.
The West dropped the ball when it came to helping Iraq restore itself financially. There are many reasons given, yet you cannot help but wonder if one of those reasons is due to Iraq's relationship with Israel or lack of relationship.
On the other hand, the West, Europe, and Asia need and want access to the oil that Iraq contributes to the world.
Becoming or being an Iraqi Dinar investor includes shadows.
No one knows the hearts of others. Each investor has to account for their investing reasons. Greed is undoubtedly one of the reasons.
For many of us, it is purely a speculative investment with a given project of watching and hoping for Iraq's progress as a nation.
After all, Iraq's currency must only increase to one US cent for many of us to experience a six-figure ROI.
