The estimated revaluation of the Iraqi dinar from November 2013 is just three dinar per dollar. That is absolutely a good addition from 1176 dinars per dollar back in 2008. The worth of the Iraqi dinar is expected to increase and this projection is endorsed by statistics, not only speculation. For more details about Iraqi dinar you may lead here https://www.dinarinc.com/bw.
Iraq was a founding member of the OPEC (Organization of Petroleum Exporting Countries) and yet it only has about two million oil wells. The conservative estimate of the proved oil reserves of the Republic of Iraq is roughly 143.1 billion barrels. Just the Kingdom of Saudi Arabia has more than 260 billion barrels or even a fifth of the worldwide reserves of oil.
As of December 2016, Iraq generates 3.4 million barrels per day when compared with Saudi Arabia's daily production of 12 million barrels. The government is presently initiating changes in a variety of sectors to be able to raise the production to five million barrels per day by next year. There are lots of arrangements to be made and legislation to be accepted, but the initial steps are being accepted. In a couple of years, Iraq will be joining the listing of the top five oil producing nations in the world that now includes Russia, Saudi Arabia, the United States of America, China, and Iran. The increase in the nation's petroleum business is expected to start the dinar revaluation.
There's a whole lot of criticism with respect to present evidence on the dinar revaluation. A lot of groups and people in the fund community question the foundation for the projected growth in value of the money of a nation that's yet to make inroads.