Has anyone bought any as an investment ( anticipating a possible revalue)? Or is it another hole to throw money down?
2006-11-09 01:14:03 · 8 answers · asked by zero 1 in Business & Finance ➔ Investing
Take a look at your risk for the possible reward. A small investment could net huge returns, but you have to understand Iraq is not going to be close to its prewar oil standards for another two to four years. The Paris Club has set it up so that much of Iraqi debt will be written off in the interest of future money to be made. This debt write-off should speed the process up.
To me, one key to the whole Iraqi investment is who else has been investing in Iraq?
Research, Plan, Act.
2006-11-09 01:23:31 · answer #1 · answered by Joe 2 · 0⤊ 1⤋
I had the opportunity to buy a ton of this really cheap during my first deployment......i didn't think it would ever go anywhere. Apparently the value of it has doubled since the new currancy came into circulation in 2004. Several of the Soldiers in my unit spent thousands of dollars buying this money in hopes it would turn around like the Kuwaiti Dinar. Do I still think its worth it? NO! In the near future you would have much greater returns in well picked stocks.
2006-11-09 09:32:31 · answer #2 · answered by bdfaulkner 2 · 1⤊ 0⤋
when was it issued.the new iraqi dinars has no value because the united states stole all their gold and oil.
2016-05-22 00:08:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
it is another hole to throw your money down!
2006-11-09 01:17:26 · answer #4 · answered by livinhapi 6 · 0⤊ 0⤋
HOLE I WAS THERE GO ONLINE SEE HOW MUCH YOU CAN FIND ON EBAY IT'S A BIG HOLE
2006-11-09 01:22:42 · answer #5 · answered by Talking Hat 6 · 0⤊ 0⤋
big big hole.
2006-11-09 01:14:52 · answer #6 · answered by Andrew H 3 · 0⤊ 0⤋
oh dear!!!!!!!!
2006-11-09 01:15:52 · answer #7 · answered by Joseph W 2 · 0⤊ 0⤋