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Iraqi Dinar Exchange Rate

The political impasse in Iraq has been frustrating for all parties involved, particularly Iraqi citizens. The Iraqi people have been frustrated by the lack of leadership by all sides to come together to form a unified government that will work for the benefit of Iraq as a country. It has been five months since the March 2010 elections were held, a landmark achievement for Iraq. However, no formal government has been established. The deadlock primarily between Nouri al-Maliki and Ayad Allawi as to who will take over the premiership and have the first chance to form a government has stalled all political progress. In addition, there have been some concerns about the stability of Iraq as U.S. troops withdrawal to a non-combat level by the end of August 2010. As Iraq embarks on a new chapter, the Iraqi dinar has been a widely discussed topic. Before purchasing dinar online you should read their Terms and Conditions.

Many Iraqi dinar speculators have invested in the dinar to take advantage of its historically low value. Currently, the exchange rate according to the Central Bank of Iraq is 1,170 Iraqi dinars to $1. This is in stark contrast to historically high values before the Gulf War of around 1 Iraqi dinar to $3. However, these low values have made the Iraqi dinar an enticing and exciting opportunity. Dinar speculators are looking forward to Iraq stabilizing as a country and waiting for the Iraqi dinar to be on the open market. 

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