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Antoninus Pius

Published By: Shay Stewart
Shay Stewart
Published:  Feb 06, 2011
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.

Tagsiraq, dinar, currency, investment, speculation, forex