you can get 25,000 dinar for 45 bucks, if the dinar bounces back then i would make a lot of money
2006-06-30 21:05:40 · 11 answers · asked by webb51731 3 in Business & Finance ➔ Investing
the US govt. invested 100 Bill. in the dinar
2006-06-30 21:15:26 · update #1
This is a joke, right? Inflation is significantly higher in Iraq than most of the of the world. With currency being devalued in such a way about the only thing you can do is lose money.
One person mentioned Japan and German after WWII. Keep in mind that in both cases the currency was replaced. People were NOT making a killing in the subsequent exchanges.
Now if you were thinking of investing in Iraqi ASSETS, that could be a good choice. Risky, but potentially high returns.
2006-06-30 21:21:10 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The Iraqi dinar had a currency change right after the War started.
1 U.S.= 3.2 dinars pre gulf war
In 2003 it was 2200 to 1
now it is 1450 to 1
I bought 14 million in 2003 while I was in the middle east
2000 to 1
Iraq has 9.6 trillion dollars worth of oil.
In less then 10 months Iraq will be re-opening the Kwara oil terminal and the IPSA.
Iraq's oil is why the U.S. has spent $391 billion and lost over 2500 soldiers. Oil is in our national interest. It will not fail
2006-07-01 19:00:44 · answer #2 · answered by Olivia 4 · 0⤊ 0⤋
There is a chance for a payoff, but there is a LOT that can go wrong. If you make this investment, you should consider it gambling. If you would be comfortable taking this money to a casino and betting in craps or the slots, then feel free to buy Iraqi dinars.
2006-07-01 05:36:14 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
Yes you could buy 25,000 dinar for $45 but it would not be worth the paper it is printed on.Almost all government overthrows have been followed by a re-issuance of currency If you want to invest in the future, why don't you sponsor an underprivileged child in your area?
2006-06-30 21:12:05 · answer #4 · answered by Grace 3 · 0⤊ 0⤋
I looked into those about a year ago. They will not be exchanged outside of the country. Or at Airports. If your willing to fly to Iraq later. lol They are not for sale on the legit currency sites either. Too bad alot of people could get rich.
2006-07-02 04:57:24 · answer #5 · answered by Kevin H 3 · 0⤊ 0⤋
The United States of America does not invest in foreign currencies.
The United States of America does not have any money to invest.
The United States of America cannot even pay the interest of their $8 Trillion Debt and they need to borrow more and more money every year.
Here is your tab:
2006-07-01 18:40:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It is always good to do more research tho, before jumping into an investment opportunity, and remember...do not take risks, take calculated risks. Best of luck.
2006-06-30 21:38:16 · answer #7 · answered by ciyire 2 · 0⤊ 0⤋
for $45 yea, ur not making a big investment and could get a huge return. But might be in a year.
2006-06-30 21:09:27 · answer #8 · answered by baberuth724 2 · 0⤊ 1⤋
they might well come back economically but this could take a very long time and they may devalue their currency in the process thereby wiping out your profit
2006-06-30 21:09:45 · answer #9 · answered by Ivanhoe Fats 6 · 0⤊ 0⤋
Why not it is not alway going to be bad there. Look at Germany and Japan after their wars with the US.
2006-06-30 21:09:29 · answer #10 · answered by Anonymous · 0⤊ 0⤋