When it comes to the Iraqi Dinar, there is a lot of misinformation out there. One common misconception is that the dinar was pegged at par with the British Pound until 1959. In reality, the dinar has never been pegged to any one currency. Instead, its value has always been determined by a basket of currencies. The composition of this basket has changed over time, but it has always included the US Dollar and other major international currencies.
Another misunderstanding about the dinar is that it is currently undervalued. This is simply not true. The dinar is currently trading at its fair market value based on its underlying fundamentals. There is no reason to believe that it is due for a significant appreciation in the near future.
If you're thinking about investing in the Iraqi Dinar, it's important to do your homework first. There are a lot of myths and misconceptions out there, and you need to be sure that you understand all the facts before making any decisions.