The Iraqi Dinar

[Tron_fdc]

I just read this in todays Herald, and am actually considering buying 250 000 dinars (a little over $250 US). What the hell, it might actually turn into something...

Dinars Ready!! (http://www.investindinar.com)

[Cowperson]

Originally posted by plett22@Aug 4 2004, 07:06 PM
I just read this in todays Herald, and am actually considering buying 250 000 dinars (a little over $250 US). What the hell, it might actually turn into something...

Dinars Ready!! (http://www.investindinar.com)
Did you read a newspaper article or an advertisement?

Cowperson

[Cube Inmate]

If Iraqi currency isn't currently available for exchange at major international banks, I'll bet that it's illegal (per Iraqi/US occupation law) to export it as this "entrepreneur" seems to be doing.

Just a hunch.

[Tron_fdc]

I can't find the link on the net, but it's on the front page of the Business section in todays herald.

Other sites are Ebay, buydinarshere.com, and dinartrade.com. It's super high risk, but even if the currency doubled, it might be worth it.

[AaronSJ]

The owner of the original site is an "Internet Marketer" who cannot even figure out the difference between "it's" and "its", let alone speculate on foreign currency.

If you want a more educated opinon on the Iraqi Dinar, here's one:

"The only thing the Iraqi dinar is likely to hit is a wall," said Steve H. Hanke, professor of applied economics at the Johns Hopkins University and an international authority on currencies and a currency trader.

He said he has been bombarded in recent months with e-mails from people -- many of them contractors or soldiers in Iraq -- seeking his advice on what the dinar will do. For a while, he replied with polite discouragement, but the volume grew too great to bother.

It's impossible to predict the dinar's course with certainty, Hanke said. But the most likely outcome is that a new Iraqi government, faced with crushing debt and ballooning demands, will finance the budget the old-fashioned way: by printing money. That would threaten the currency with collapse, he said. - http://www.iraq.net/News-article-sid-4237-mode-thread.html


It's a bit like investing in penny stocks - all they have to do is increase in value by a few cents and you'll double your money. So why don't more people invest??? Because most don't increase in value...