I'm considering buying Iraqi currency as an investment. Is that a good idea?

Question

I'm considering buying Iraqi currency as an investment. Is that a good idea?

Answer 1

No. Not a good idea.
Here is some mandatory reading for anyone considering this:

http://www.xe.com/iqd.htm

In addition to everything mentioned on the web site above, I have heard that Iraq is considering remonetizing next summer (1000 current dinars will become one new dinar).
After a redemption period of a few months, the current dinar notes will become worthless. See the article below:

http://www.nachthund.biz/CatalogUpdate/Iraq/IRQ0807-01.html

Answer 2

My Freind, your thought of procuring for iraqi forex as an investment isn't good considering you have greater valuable techniques accessible like KUWAITI DINAR, OMANI RIYALS. Why on earth would you like iraqi forex once you already know that the area their isn't stable and whether we pressume you have bought it, would you hit upon adequate customers to sell them in a protracted time?

Answer 3

My Freind, your idea of buying iraqi currency as an investment is not good because you have better options available like KUWAITI DINAR, OMANI RIYALS. Why on earth would you want iraqi currency when you know that the situation their is not stable and even if we pressume you have bought it, would you find enough buyers to sell them later on?

Answer 4

If Bush continues with his war, Iraq probably will cease to exist.

Answer 5

Not at all...look what happened to the US$ due to the continuing war.

Answer 6

better don't.