2007-05-01 16:11:16 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
Don't really know. I invest in the "major" currencies. I can tell you that there are a lot of scams out there for the Iraqi Dinar. My gut (and experience) says..... stay as far away from this as you can. Generally the people that invest in something like this are not FX investors. They are good people that are attracted to the "big return" without any real idea of what currency trading is all about.
FX (Forex) trading takes years of experience.
Consider yourself warned!
2007-05-01 16:23:22 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
Call your neighborhood bank. Don't just listen to rumors. Call your bank and ask them if they will convert Iraqi Dinar to American Dollars.
It's not an investment if all you can do is buy.
2007-05-01 16:21:15 · answer #2 · answered by 17hunter 4 · 0⤊ 0⤋
Along the same lines, look at the Iraqi war, do you think the US will stay there?
Do you think if the US leaves, the country will go into chaos?
Those decisions would effect the value of its currency.
Personally, I wouldnt touch it with a ten foot pole.
2007-05-01 17:22:40 · answer #3 · answered by jeffpa 2 · 0⤊ 0⤋
The con is you'd most likely lose everything. The pro is you'd learn from the experience and be less likely to be robbed again. Pass on this one.
2007-05-01 20:54:38 · answer #4 · answered by Big R 6 · 0⤊ 0⤋
Pros....You have to be kidding, there are none.
Cons...Anything to do with Iraqi money is a CON !
2007-05-01 19:26:31 · answer #5 · answered by bob shark 7 · 1⤊ 0⤋