Antoninus Pius

White Paper Published By: Shay Stewart
Shay Stewart
Published:  Feb 06, 2011
Type:  White Paper
Length:  1 pages

Iraq holds the world's largest reserves of natural gas and 4th largest reserves of crude oil. Before Sadaam Hussein was removed from power the exchange rate (2003) was US$1 = 3 IQD (Iraqi Dinar) or 3:1. By the time Hussein was taken out of power, the exchange rate had plummeted to a miserable 0.00027:1. Since the fall of the country and the plummet of the value of their currency, the country has made leaps and bounds towards reinstating their position in the world.

Tags : 
iraq, dinar, currency, investment, speculation, forex