Iraqi Dinar Profile: Revalue or Bust
For nearly a decade, economists and financial experts have been talking about the re-valuing of the Iraqi Dinar. They have been investing in the foreign currency that is extremely weak to the Euro as well as the US Dollar, and their long awaited returns may be just around the corner. It looks like their savior may be none other than US President Donald Trump.
The Iraqi Dinar is popular for a couple of reasons. The first is that it has a low entry cost for a possible high return. As of writing this the Dinar is valued at less than a thousandth of the US Dollar, but that might not be for long. In a 2017 press conference, Donald Trump mentioned that all currencies will soon “be on a level playing field.” Dinar supporters believe he will take action to revalue and invest in the country’s central currency. Critics of the Dinar say that the President was referring to the ongoing trade-war with China. China’s currency manipulation has hurt American and global manufacturing competition and Trump has criticized this openly.
Obviously the President’s plans are his own but it does seem to have people curious. Either way foreign exchange has the new wave for many young investors looking to make their mark. These new investors are always sharks in the water for a possible re-valuing because of the sometimes astronomical return on investment. For example, if the Dinar were to revalue to near the US Dollar investors would see a near 100000% return. A simple 100$ investment could yield near 90,000$ after brokerage costs.
Here at e-scension we always respect the hustle. We understand the potential that a re-valuing could yield to investors. However we also see opportunities like this to be taken with a grain of salt. We have named investments like this lotto investments, while they have a possibility to have high yields they also may never mature to a strong return. If you find the information to be compelling maybe set aside your shot but don’t go pouring your savings into something that may not mature. Remember to check out some of our long term investing articles for more robust profiles.