Have you Considered Foreign Currency as a Long Term Investment
Courtesy Dinar Trade, the largest dealer of Iraqi currency, registered with the U.S. Department of Treasury, 2004.
If you are seeking to diversify your investment strategy, you may want to look beyond U.S. borders and considered the global currency market. Roughly four times as large as the U.S. Bond market, global currencies enable investors to hedge portfolios dominated by the U.S. Dollar. Those countries at the onset of growth and economic development represent those with the best opportunities for significant returns – especially in foreign currency.
Recently many media outlets, including CNBC, have identified the Iraqi Dinar as the most likely currency to see an increase
over the coming years.
“I’m in favor of making a currency play in Iraq.” – Jim Cramer, CNBC And why not? The newly democratic country is home to one of the largest oil and natural gas reserves in the world.
After the U.S.-led invasion of 2003 ended more than two decades of stagnation caused by wars, sanctions and under investment, production has revived and is now stronger than ever. The country currently produces more than $3.4 million barrels of oil daily and is expected to increase production to $4 million barrels a day by 2013. In addition to these rich reserves, the country now hosts the Arab League Summit and the Energy Expo and has begun to show obvious signs of economic recovery. In fact, the International Monetary Fund has projected that the Iraqi economy will grow 11.1% to $144 billion this year alone.
Just as the Deutsche Mark and Kuwaiti Dinar experienced tremendous growth fol-lowing periods of tumult, many experts, including Dinar Trade, believe that the Iraqi Dinar touts similar potential. As Iraq recovers from decades of tyranny, struggles to rebuild and continues to increase production, the strength of the Iraqi Dinar is imperative to the young democracy’s success. The Dinar represents a unique opportunity to invest in an emerging democracy and contribute to the country’s economic success.
“Prior to the United Nations embargo that followed the 1990 Iraqi invasion of Kuwait,one Iraqi Dinar was worth $3.20 U.S. dollars. By August 2002, it was trading at just below 2,000 to the U.S. dollar. And by mid-April 2003, the Dinar had slipped to anywhere between 3,500 and 4,000 against a single U.S. dollar.” Ali Agha, Dinar Trade”
Recognizing the potential opportunity associated with investing in the Iraqi Dinar and other exotic currencies, Ali Agha founded Dinar Trade. With more than 30 years of currency exchange experience, Agha was one of the first in the world to pioneer the public purchase of Iraqi Dinars. Now, Dinar Trade provides innovative programs, incentives and educational insights to millions of Dinar and exotic currency exchange investors throughout the United States and abroad.
For more information about Dinar Trade, please visit www.dinartrade.com orcall 877-770-7660 and mention Healthy Referral when calling and put Healthy Referral in the comments box when ordering.