The revaluation of the Iraqi dinar has been a subject of discussion for quite some time now, and this speculation started to grow when after the resumption of government in Iraq, the thought behind it was that the Iraqi dinar has faced devaluation as much as it can and it cannot get worse than this, and there are only better days to come for the Iraqi dinar, and it will soon revalue, so the people who were investing in different currencies at that time saw Iraqi dinar as a jackpot currency, and bought it with a view to earn some good bucks whenever the revaluation happens, but since now it hasn’t happened, and there are no signs that it will be happening any sooner, although the signs have been for betterment and the Iraqi dinar has seen some appreciation in the international trade and monetary markets, but the complete turnaround its value that was anticipated by many has not happened yet.
The things that were behind this whole anticipation of the Iraqi dinar getting revalued was that the country had gained some stability which was absent in the whole of last decade, and Iraq managed to form its own government, and they were quick to act upon the much needed rebuilding process of Iraq’s oil industry, and Iraq managed to get multibillion dollar loan from IMF and there was huge investment coming through in Iraq from some major countries like USA, France and China, so as things were looking to get better, people anticipated that the broken Iraqi economy is about to get stable and that would help the Iraqi dinar regain its value in the international trade market, and that made people buy Iraqi dinar.
Since it has been years that the Iraqi dinar holders have been waiting for revaluation, many of them have lost any hope of profits and you would find it hard to convince them about the Iraqi dinar will eventually get revalued, all they have to do is to hold on to it, such a long period of waiting has made many people to sell their dinars for whatever they could get in return, but if you are a dinar holder I think you should not be hasty in your decision to sell it.
The devastation caused by war would have its effect for years and no matter how much effort the country puts in, it will take time for their economy to recover from the massive loss they have suffered in the past years, so when buying the dinar if you were thinking that the dinar would get revalued in a week and you would become rich overnight, then the dinar is not at fault.
An Iraqi dinar holder should still be positive and should not look to sell the dinar for peanuts in return, because once Iraq manages to get their oil industry back in full swing their economy will surely get better and the dinar would see better days.