2006-11-23 03:08:56 · 6 answers · asked by cuzzer18 1 in Business & Finance ➔ Investing
Some will tell you it is worthless, others will tell you it is highly valuable if you are willing to wait. There are several considerations to this. Let's look at the facts rather than one sided view.
In 1931, the Iraqi Dinar was equivalent to UK pound. 60 years later after the gulf war in 1991 3,000 Dinar was equivalent to US $1. Today it is worth 1,444.80, half the value has been redeem, however it depend on where & how you are buying it - Value could worth US$ 680 - 1,200 to 1M Dinar (due to shipping costs, insurance or other fees in their initial price).
Why buy Iraqi Dinar? - 2nd largest oil reserve, exports 95% of it's oil.
So what is the problem?
The country is 'still at war', infrastructure is not in place and rather unstable and uncertain at the moment.
I say there are risks involved, but it is worth the while and takes time - New Iraqi Dinar with security features (counterfeit impossible - value) and has replaced Sadam Dinar.
2006-11-25 00:40:08 · answer #1 · answered by Phillip 4 · 1⤊ 1⤋
No No NO!
This Iraqi state is only standing (just about), because of the American soldiers and billions of $ taken in bribes. It is also seen as a US puppet and will be swept away and an Islamic government established within days of Bush walking away.
Korea, Vietnam, Somalia, Afghanistan, Iraq. What a waste of American lives and money! When we will ever learn?
2006-11-23 08:26:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No.
The US government is now propping up the Iraqi government and dinar. When it leaves, chaos will result, and a new government, perhaps a revolutionary one, may well demonitize the money of the prior government.
2006-11-23 03:34:39 · answer #3 · answered by zxdfmlp 3 · 0⤊ 0⤋
It's a move made mostly by amateurs. The professionals laugh at them. The mark up the amateurs pay usually makes it impossible to profit for decades. Generally when people that know nothing about investing get involved in something stupid they try to get their friends involved also. Unless you truly understand currency trading & have 5-10 years solid experience... don't do this. Never invest in something you don't understand.
2016-03-29 06:44:50 · answer #4 · answered by ? 4 · 0⤊ 0⤋
innovative subject, think you should wait in the short term to see what happens to the political structure of Iraq, then make your decision, in the meantime there might be another currency worth hedging in.
2006-11-25 18:32:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Forget this idea....
2006-11-23 03:12:51 · answer #6 · answered by Sky Boy 3 · 0⤊ 0⤋