My friend asked me to buy some Iraqi currency as its value is very low suffering the impact of the war on its economy... He said that when two years later when the value appreciate, i would get back 10 times the amount i invested... Is this true? I want to know your opinions... He has showed me the notes and told me that it is genuine as he showed me some security features( passing it through uv light to show some markings) that certify the iraqi dinar is legit... He himself has invested some money and asked me to do so... He says that i would get the dinar on the spot when i pay up so theres no chance that i would be cheated... He also say that Bush has plans to rebuild iraq's economy and with its large oil reserve, it's economy could be stabilized and then the dinar would be available in the international banks... I seriously need some experts view as im in a dilemma.. There doesnt seem to be any way i can lose as the dinar is already in an all-time low and the only way is up...
2007-01-21 20:38:02 · 4 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
If you have some money to spend, it's a great deal right now. but don't spend more than you can afford because the revalue may happen very soon or within the next couple of months or more. this will help them to actually have money to rebuild the country.
it is hard to find information on this since the media never talks about economic issues in detail because they don't want the masses speculating or even knowing that this type of war profiteering is going on.
if you are still unsure look at the history of the dinar's value as well as the value of the neighboring countries that also have oil.
2007-01-22 05:11:07 · answer #1 · answered by JGdancin 2 · 0⤊ 0⤋
scam if there have been any funds to be made, each and every investment financial enterprise and hedge fund could have been making an investment in it. the incontrovertible fact that the likes of Goldman Sachs and George Soros won't pass everywhere close to dinars is all you could understand that there is not any risk of bobbing up a penny distant places funds revaluation does not ever make funds. using fact the poster above factors out if the distant places funds is 2500 dinar = $a million and that they revalue so $a million = 250 New Dinar, you nevertheless have $a million. Your previous dinar are in basic terms exchanged for sparkling dinar.there is not any funds to be made - that's a scam for individuals who understand no longer something approximately distant places funds paying for and advertising
2016-10-31 23:35:45 · answer #2 · answered by pour 4 · 0⤊ 0⤋
but the dinar has saddam hussein on it right? so I don't think that the new provisional government owuld keep it? Just a thought invest in the money throught the bank but be careful some countries like kenya will not let you buy their own currency unless you are a resident
2007-01-21 20:43:24 · answer #3 · answered by Natashya K 3 · 0⤊ 0⤋
No, Saddam is not on it anymore. There are many self proclaimed experts on various forums on the net. Checkout my source list for the biggest (and most reliable one)
2007-01-22 03:34:01 · answer #4 · answered by dense_very_dense 1 · 0⤊ 0⤋