For decades, the Iraqi Dinar, (IQD), has been a speculative investment embraced, (and ridiculed), by the masses of those exposed to the potential gains from the revaluation of this war torn country. While many have considered it to be a fraudulent marketing scheme, the facts surrounding its carefully planned and staged growth indicates a clear intention of returning to its glory days of $3.00+ value. Changes in government, regional unrest, and overall recovery from two US lead military conflicts left the infrastructure unstable and essentially unable to support a thriving economy. Its primary export, oil, has been hampered by local disputes within its own borders, and with the market now controlled by the United States and being held at an all time low, Iraq has faced many challenges in accomplishing its goal of returning to a powerful entity in the region.
Yet, with the support of the United Nations, United States, and other contributing private sectors, it is well on the way to recovery. The basic necessities of the citizenry are finally being met with reliable sources of energy, education, health care, security, and the return to a rule of law judicial system. Massive building projects, funded by the International Monetary Fund, (IMF), and World Bank, as well as private investors are beginning to pay off.
With the recent eviction of ISIS from the bordering towns and communities, Iraq is now poised to initiate its long awaited gain in currency value. Having been held in a “dirty” float for the past 2 decades, it appears, (based on news releases from the Central Bank of Iraq), they are ready to embrace modern technology and worldwide interfacing into the international financial arena.
HOW, WHEN, and the RATE of this revaluation will be announced has been points of conjecture since the beginning of the conflicts. Following a plan of stabilization and fundamental economic goals has been adhered to faithfully, despite internal disruptions. The CBI has declared many times its intention of initially striving toward a goal of $1.17 within 2 years of the actual announced release from the dirty float rate of $.0012/dinar. What the initial rate will be is still a hotly debated item in the dinar community. It is the CBI’s long term goal of once again being in the $3.00+ range. This will probably take several more decades, but, HEY, it’s Iraq. You just never know.
The resulting gain in value will have a major impact on the faithful investors all over the world. Each nation has its own tax structure and rules, but here in the US, we have known what to anticipate; or at least we did until the new 2018 tax laws were implemented. These changes affect nearly every level of taxable brackets; with major changes in percentages, allowance, exemptions, and reduction of long held limitations.
ANY CHANGE IN VALUE OF THE IRAQI DINAR WILL NOT BE CONSIDERED CAPITAL GAINS!
This has already been determined by the IRS and many tax professionals nationwide. There is plenty of misinformation regarding the application of tax laws regarding investing in the IQD, but the question of capital gains versus ordinary income has already been put to rest.
THE IQD WILL BE CONSIDERED ORDINARY INCOME!!!
All information and discussions presented are for educational purposes only, are general in nature, and are not intended as investment, legal or tax advice. Each person’s personal and financial situation is unique and different, and the information provided may not apply to or work effectively for you. By signing up for, and attending or participating in any presentations, you agree that MaxPlans for Life, Inc., and all affiliate companies, representatives, associates, or employees (“Information Providers”) are hereby held harmless from all liability and loss associated with the information and discussion provided, and as to any action or strategy you may choose to implement with regard to the same. In all events, we encourage you to consult with qualified and independent legal, tax and investment advisors of your choosing as to any idea, strategy, or concept presented herein.
Copyright © 2021 Maxplansforlife - All Rights Reserved.
Powered by GoDaddy Website Builder