5 reasons why the IQD will increase in value. This assessment is based on Iraq only accepting payments for shipping services in its own currency. 1. Higher demand for IQD – when international companies pay for shipping, railway usage and port service in Iraq dinar, the demand for the currency increases. 2. Scarcity formula – As more businesses buy IQD…the supply of available dinar decreased making each unit more valuable. 3. Less dependent on the US dollar – if Iraq shifts…to the IQD instead of USD it strengthens the local currency while reducing inflationary pressures. 4. Stronger economy equals stronger currency. The development road will create jobs, increase exports and boost government revenue leading to economic growth and a more stable IQD. 5. An alternative to the Suez Canal saving billions for companies exporting to Europe.
Sandy Ingram
