iraq dinar?

Question

Do you think the iraq dinar could/will follow trends like the deutsch mark, yen did after ww2 and gain decent value in the future?

Thanks in advance
T

Answer 1

No. Iraq will never have a stable government or industrial base. I think that a better model would be Iran. The Iranian Rial has lost about 60% of its value over the last ten years.

Warning for all who own Iraqi Dinar banknotes: I have seen a newspaper article saying that they are going to remonetize in mid-2008. 1 new dinar will equal 1000 old rials, and the old banknotes will be demonetized after a few months redemption period. The link below is the newspaper article in question.
So all you folks that think that the Iraqi dinar is going up, you may get your wish. Just not the way you want it.

Answer 2

i could in basic terms placed funds into Iraqi foreign places funds with discretionary funds which you would be able to have the money for to lose. the specialists and cons are particularly promptly forward - If the government can gain social, political, and monetary stability the fee of the Dinar has a sturdy danger of increasing in fee, even dramatically. Or continued instability ought to deliver approximately runaway inflation inflicting the Dinar to strengthen into valueless. you're risking dropping all your funds, in spite of the undeniable fact that this isn't any diverse going to Vegas. good success - do no longer make investments what you could no longer have the money for to lose in this type of asset.