Sunday 23 September 2012

Investors bet on risky Middle East and North Africa currencies - The National

The potential for a big rebound in politically and economically unstable countries in the Middle East and North Africa has some investors turning to risky currencies as a potentially lucrative investment.

International investors are focusing their attention on currencies such as the Iraqi dinar, the Egyptian pound and the Afghan afghani as a way to capitalise on reconstruction and recovery efforts made in these post-revolutionary or post-war countries.

"This type of investment is about thinking out of the box," says Ali Agha, the chief executive of Dinar Trade, which specialises in trading the Iraqi dinar, as well as the South Korean won, the Chinese yuan and the afghani.

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