Iraqi dinar has been a big scam for a long time. Even still it has been having the highest investors. People have been investing the currency for a very long time. They are still hopeful that the investment would bring profits soon. Iraq’s economy is not in a very good state at present. It is an excellent idea to buy the dinar. All those people who think that they can actually make Iraq’s economy better, should make sure that they control all those factors that are related to the oil and currency of Iraq. The Iraqi dinar is not a good investment for many due to the economic and political situation in the country. Iraq is not being very stable the currency is facing a bad situation. The exchange rate of the Iraqi Dinar had raised previously, but it has come down recently. How ever, the decrease is very less so it is not an issue to be upset about.
After 2003, the education system of Iraq got better. It was seen that it suffered a downfall soon again in 2007. How ever, the government is trying to invest more in its education, so that the people of Iraq would make efforts to educate their children which would be good for the future of the country. Due to the unstable conditions of the country about 5 million people are illiterate. They still have the awareness of education, although there is a hope that soon Iraq’s education system would get better and get back into its previous state when the people of Iraq lead the Arab world with their system of education and their schools gave the best scholars to the world.
The biggest investor and the largest holder of Iraqi dinars are outside Iraq and is most probably the US. The US is investing and buying the dinar to get a solid grip on the economy of the country. The war status of the country is also because of the US. The US wants to get the control over the oil reserves of Iraq due to which it is moving in a planned way.
Iraqis want dollars and recently the US president offered to level the currency of Iraq with the US dollar. This would be helpful for the Iraq in every way. It would also bring lots of profit for the investors. The government of Iraq at present, is trying hard to sell more barrels of oil per year than they have been previously. This would help them to boost the economy of the country. They are trying to sell the oil at almost $5 less than what the other countries are and this is not acceptable to the US.
Due to the war the US soldiers keep roaming the streets of Iraq due to which the people are scared to send their children to school. Although Iraq is suffering terribly due to the US in many ways, yet, the US is also favoring Iraq. When ever it comes to the currency of Iraq, the US is its biggest supporter.