When the Gulf War began, a lot was said and commented on Iraq and Saddam Hussein. The president held his post for more than two decades. A moment came when the nation declared him as a cruel ruler. He had no problems to physically eliminate everyone who stood in his way. The heads of the US and UK were very much concerned about the events that happened in Iraq. This led to a war and the increase of customers to purchase Iraqi dinar as many believe that it will increase in value.
Saddam Hussein nationalized all oil wells and banks. His invasion of Kuwait triggered an international coalition to use force to free the country from his presence. But that was not the time when he was overruled. In time he proved to be a fearsome oppressor who used death as a solution to get rid of parties that were not happy with this politics.
When Iraq fired weapons at Israel all countries disagreed with that. Saddam was proclaimed to be a merciless oppressor. A lot were murdered, especially kids, innocent young girls and elders.
Invasion of Iraq in 2003 was tactically explained in order to take off Saddam as a president. It was a common belief that he preserved weapons which could kill masses and this is why the States and England took this courageous step. At the same time it was stated that this will help the Iraqi nation. There were lots of rebels on the streets a real Civil War.
As an addition to this, world leaders decided that the country needed democratic reconstruction. Huge sacks of money have been directed there. Some of the most important issues to decide were taking care of children's facilities, health care, housing, consumables' delivery. Every action that was taken was supervised by UN and World Bank. As usual speculators claim that this misfortune could turn into a profitable chance. Pages of information were written everywhere that investors should hurry to purchase Iraqi dinar.
There are some points of interest to beware of. There have been a few traces of banknotes typing since 1930. In 2003 the latest one took place when Saddam was overruled. The paper notes have the value of 50, 250, 1000, 5000, 10000 and 25 000. Officially the price of one dollar is 1 170 dinars. Street money changers do it for 1 200.
Bear in mind the following information before taking the big plunge. The Bank of Iraq has made a few paper money editions, the first one taking place in 1930. When Saddam Hussein was removed from the government in 2003, the last tranche happened. There were 50, 250, 1000, 5000, 10000 and 25 000 value bank notes. The current exchange rate is 1 170 dinars per dollar. Shroffs bargain for 1200.
There are different hypothesis that go from mouth to mouth on the stock exchange. They all concern that the purchase Iraqi dinar will be devalued. Investors nourish the dream of every person that this will be the big time to make millions. Unfortunately this cannot happen. For sure the authorities will take the necessary measures to prevent this from happening. A fiscal action of printing money without zeros will be initiated.
Saddam Hussein nationalized all oil wells and banks. His invasion of Kuwait triggered an international coalition to use force to free the country from his presence. But that was not the time when he was overruled. In time he proved to be a fearsome oppressor who used death as a solution to get rid of parties that were not happy with this politics.
When Iraq fired weapons at Israel all countries disagreed with that. Saddam was proclaimed to be a merciless oppressor. A lot were murdered, especially kids, innocent young girls and elders.
Invasion of Iraq in 2003 was tactically explained in order to take off Saddam as a president. It was a common belief that he preserved weapons which could kill masses and this is why the States and England took this courageous step. At the same time it was stated that this will help the Iraqi nation. There were lots of rebels on the streets a real Civil War.
As an addition to this, world leaders decided that the country needed democratic reconstruction. Huge sacks of money have been directed there. Some of the most important issues to decide were taking care of children's facilities, health care, housing, consumables' delivery. Every action that was taken was supervised by UN and World Bank. As usual speculators claim that this misfortune could turn into a profitable chance. Pages of information were written everywhere that investors should hurry to purchase Iraqi dinar.
There are some points of interest to beware of. There have been a few traces of banknotes typing since 1930. In 2003 the latest one took place when Saddam was overruled. The paper notes have the value of 50, 250, 1000, 5000, 10000 and 25 000. Officially the price of one dollar is 1 170 dinars. Street money changers do it for 1 200.
Bear in mind the following information before taking the big plunge. The Bank of Iraq has made a few paper money editions, the first one taking place in 1930. When Saddam Hussein was removed from the government in 2003, the last tranche happened. There were 50, 250, 1000, 5000, 10000 and 25 000 value bank notes. The current exchange rate is 1 170 dinars per dollar. Shroffs bargain for 1200.
There are different hypothesis that go from mouth to mouth on the stock exchange. They all concern that the purchase Iraqi dinar will be devalued. Investors nourish the dream of every person that this will be the big time to make millions. Unfortunately this cannot happen. For sure the authorities will take the necessary measures to prevent this from happening. A fiscal action of printing money without zeros will be initiated.
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