Iraqi dinar news today
So today is the big, big, big, big, big etc etc day, right?
You know we have had the big day plenty of times… but apparently today is as good as any day for an Iraqi dinar RV.
Could it be that we will hear in the Iraqi dinar new today the RV has revalued? LOP or even shot up in value on it’s own accord? Well one thing for certain is that today we will see tariffs imposed on imports into Iraq inclusive of the Kurdistan region.
20% of the value of any import will be due at all border crossing points.
Given that the majority of goods sold now in Iraq are imported, Iraq’s domestic market of 30 million people offers an obvious opportunity to produce and sell goods and service to provide import substitution.
For foreign participants Iraq offers investors a period of ten years free from all taxes, including corporation tax and fees. This period is extended to 15 years if the project is a joint venture with a majority Iraqi stakeholder.
Additional incentives include the right to repatriate investment and profits from investment, the right to employ foreign workers when needed and three years exemption from import fees for required equipment.
The Government of Iraq also guarantees that investments will not be nationalized or confiscated.
Many will begin the day by searching for their fix of Iraqi dinar news today but many will find themselves in the same position as they were for the last however many years since becoming a currency speculator.
Unfortunately that search for Iraqi dinar news today is likely to resume tomorrow. Wouldn’t it be nice for that routine to come to an end, we feel the passion of the foreign Iraqi dinar speculators and would love for the RV ride to be over. We are struggling to see signs of 2014 being the year of the Iraqi dinar RV and maybe not even 2015.
But 2014 is a new year and with that comes new opportunities. The situation on the ground is worsening in the Western area of Iraq. Notably the Anbar province. For Iraqi’s this is the biggest fear, large areas of Iraq being under control of lunatics hell bent on bringing Iraq to it’s knees. Right now Iraq is fragile and vulnerable, if what we are hearing is correct, that Anbar has become a stronghold for Islamist militants then we can only pray this is stopped immediately before it spreads.
Iraq is tired.