I liked your article concerning Iraqi currency and the stocks. Having been an investor in the currency for the past 4 years we have seen some steady significant gains in value. While the military and social news out of Iraq has always been shown in a negative light, the financial side of Iraq has been gaining and has been a bright spot.
President Bush signed laws into existence in 2003 and 2004 that has allowed private investors in the US to invest in Iraq. Major banks in the U.S. including Bank of America and Chase Bank are selling Iraqi "Dinars" at their branches. While DINAR or IQD as they are called on the market pose risk, the risk to reward benefit is high. I would suggest that the average investor take a good look at the Iraqi investments that can be made.
The Iraqi stock market is called the "ISX", the currency is called "Dinars" IQD, and the banks inside Iraq, one in particular that caters to foreigners is Warka Investment Bank which is paying 15% per annum on Dinar CD deposits. Go ahead take a look at what Iraq has to offer.
Sincerely,
Andy,
private Iraqi "Dinar" investor
Note: Comments are screened, and in some cases edited, before posting. We reserve the right to reject anything we find objectionable.
Other reader comments on this article
Comment
By
Date
I liked your article concerning Iraqi currency and the stocks. Having been an investor in the currency for the past...
Andrew
Dec 27, 2007 16:48
This one of the best overviews I have read. [MORE]