2007-07-02 16:12:12 · 7 answers · asked by virgo_pimp 2 in Business & Finance ➔ Investing
was it Saddam dollars - if so - you got took
if it is official scrip since Oct 2003, it's been steadily rising since December
I believe in first quarter 2008 - you will see the World Bank assign an official exchange rate, probably close to 2-5 cents for dinar to start.
I have nearly 100 Mill of Dinar purchased to date, so even at 2 cents - it will mean a $2 mill USD payoff.
I'll probably wait till it hits an around 10 cents - trade in half - then wait till it hits $1 and do the rest
The typical dinar value in the Middle east is $4 per dinar
The Kuwaiti Dinar went from 10 cents after Gulf War 1, to $3.39 or so today
2007-07-02 16:31:24 · answer #1 · answered by Mike Frisbee 6 · 1⤊ 0⤋
If the country ever stabalized(i doubt it) and if enough oil kepted going out of the oil fields perhaps.But more likely though is that Iraqi is on its way to breaking about into 2-3 or even more pieces,each going to various peoples whom never truly cared for each other that much anyways,with saddam gone burning in Hell these days,there's nobody else that could hold such an artifical country together like he did.I thimk it's best for U to save your dinars as antique items and then give them to your great grandchildren in 60 years time.hence!
2007-07-03 01:29:10 · answer #2 · answered by cokezero100 3 · 0⤊ 2⤋
If we/they can get this insurgent thing overwith, and Iraq can start functioning as a democracy, I'd say it will go up. That could be a looong time from now. I hope you don't have too much money tied up in Dinar.
2007-07-02 23:17:03 · answer #3 · answered by ready4sea 4 · 0⤊ 2⤋
You can probably sell it now for a premium as a novelty item. In fact, try mounting matting and framing it at a framing or hobby store, maybe with a photo taken in Iraq side-by-side with a bill or a few coins.
2007-07-02 23:19:13 · answer #4 · answered by Ted 7 · 0⤊ 2⤋
actually it has been going up, it has risen 20% in the last 7 months or so. as the country gets more stable economically if not socially you could see it double and if we are able to bring some sort of peace you could be looking at a huge run. i wouldnt empty your bank account to invest in it but it sure as hell beats penny stocks.
2007-07-02 23:21:07 · answer #5 · answered by explosurenet 2 · 1⤊ 0⤋
Iraq side-by-side with a bill or a few coins.
2007-07-02 23:23:48 · answer #6 · answered by dinesh j 2 · 0⤊ 1⤋
It's possible. But you'll probably be waiting a while for it to happen....
2007-07-02 23:24:03 · answer #7 · answered by nvention 2 · 0⤊ 1⤋