should I buy dinears? Iraqian money?

Question

the Money exchange at one point was $3 to our $1 now its like worth 7Cents to our dollar but should go back up with the reconstruction of iraq.....maybe in 3 to 5 years what do you think?

Answer 1

buy dinears if you are going to Iraq and need money to spend.

If you buy them for "investment", then they will sit in your house and not get interest on putting them in a bank. You will most likely lose money.

Answer 2

If you're big on forigen money investments and know a lot of stuff about that, then you should already know the answer. Otherwise, consider how long you expect it to take for what you're considering purchasing to turn a profit. Then consider how much you could make from other investments (anywhere from savings and CD's to whatever else you might be into). If the time span, return rate and risk are right, then go for it. If not, find something else.

Answer 3

I recommend you do buy. I did and I know there will be a return. Look what happen to Kuwait during the Gulf War in 1990-1991. There money became weak, and eventually it picked back up and our money is $3.70 to their 1Dinar. This same turn around will happen in Iraq once it gets stabilized and corporations and other investments role in.

Answer 4

The rule is NEVER invest in anything you don't understand.

No disrespect here... but you don't even know that it is IRAQI not IRAQIAN.

(Guess you got confused with IRANIAN? Different countries ,they had a big war back in the 80s.)

If you don' t KNOW about it. FOR GOD'S SAKE DON'T INVEST IN IT!!

Answer 5

No.

What makes you think Irak will be there in 5 years?

Have you seen an Atlas lately?

You should check how many countries are gone in the last decade.