iraqi dinar investment

[joevol320]

have you guys seen those companies that are selling the new iraqi dinar? the new dinar is supposed to be in effect in the next few days. i was wondering what you guys thought of this investment?

 

[volger]

I'm not a big fan of middle eastern cuisine.

 

[Volingatorland]

If what happened in Kuwait happens in Iraq, then it's a smart investment.
The Kuwaiti dinar was worth about $0.35 in 1991 during the occupation, in 2003 when I was there, it was worth close to $4.00

Many of my friends bought about 1 millon Dinar each (they payed about $600.00 for it). If the trends stay on line with those of Kuwait. In 10 years they could turn that 600 dollars into several hundred thousand at least

So yeah, I'd say it's relatively smart. If anything, it's a rather small investment that has the potential for gigantic returns

 

[MontereyVol]

Will I be able to turn in my Saddam bucks for an exchange? I got over a million of them.

 

[droski]

i'd argue the kuwaiti's were in a far better situation.

 

[MontereyVol]

i'd argue the kuwaiti's were in a far better situation.

Why do you like to stomp on my hopes and dreams?

 

[WA_Vol]

i'd argue the kuwaiti's were in a far better situation.

Agreed, the Iraqi's have a little problem with infrastructure.....