Lets face it, Iraq is rich in natural resources and have the potential to bounce back due to the oil prices.
Lets say one bought 10 million dinars at a negligable cost today, and it were to recover to the value of the US dollar in 10 years time.
Is this possible?
2007-12-03 21:56:03 · 1 answers · asked by Anonymous in Business & Finance ➔ Investing
Possible, but unlikely. You have 3 major ethnic groups that deeply distrust & dislike one another. They have no history of democracy or co-operation.
Once the u.s. leaves, maybe they will pull it together. Or maybe they will have a civil war. I suspect the latter, but who knows???
If you want to 'take a flyer' & throw some money at the dinar & hope for the best, why not?? But don't be a bit suprised if you lose every cent of it.
2007-12-04 07:44:14 · answer #1 · answered by exactduke 7 · 0⤊ 0⤋