When will the Iraqi dinar revalue

Not Financial Advice: According to Forbes, revaluation can only happen once the Iraqi government stabilizes and no country that is borrowing money is going to have a revaluation anytime soon. The Better Business Bureau is warning consumers against considering a foreign currency investment involving the Iraqi dinar.

Since 2008, the Iraqi dinar has only appreciated by 5 percent against the dollar. It is the weakest currency among oil producing Arab nations, worth just a tenth of one U.S. cent. The dinar is experiencing additional pressures as a result of international economic sanctions imposed on Iran and Syria.

The General Secretariat of Iraq’s Council of Ministers recently discussed replacing the currency or deleting three zeros, but decided that it isn't a priority for the government at this time.