The US government wanted to expand its power in Iraq. This is why former president George W. Bush encouraged Americans to spend more finances in Iraq. In actuality, his government passed legislation encouraging Americans to invest in the country of Iraq. So, how can you do it? How can you invest in a nation to easily buy & sell dinars?
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Possibly the simplest way to put money into a country is to look for an ETF which makes investments in that country. At the time of this writing, there were no ETFs specializing in Iraq. But that may soon change.
In the meantime, there are a few things you can do. First off, you are able to put money into the currency of the nation.
Unfortunately, with Iraq, their money doesn't yet trade on the foreign exchange market. There are money dealers that will sell you the new Iraqi Dinar.
You can buy that and hold onto it, waiting for an upswing in the value, or a reinstatement on the world's money markets. Many investors all around the world have done just that.
Another way to invest in Iraq is using its new stock exchange, the ISX. The downside to this strategy is that until the IQD is appreciated on the world market, you'll need to open an account in Iraq to exchange their stock market.
Relax; you won't need to go to Baghdad to do it. You can do it by cable and fax. There might even be some banks in Iraq with online software.
As soon as you have an account set up inside of Iraq, you may benefit from any increase in their monetary value or its inventory market. Many investors are searching for ways to invest in the new nation.Top