| Author | Message | ||
     Sifo |
You can be too! Just though I would share an investment idea. The Iraqi Dinar is extremely devalued at this time. You can buy a million Dinar for about $1,200 US. Prior to the Gulf war in '91 a Dinar was worth over $3 US. It is likely that as Iraq stabilizes and develops oil contracts with counties like China that the Dinar will be revalued. Basically the central bank in Iraq gets to state the exchange rate. I wouldn't say it will necessarily be revalued in the $3 range, but if it hits the 1 cent range it would still be a great investment. I would say not to invest any amount that will hurt you if you never get anything back. It is a high risk/high reward investment. It could be a cheap way to finance that new 1190!  | ||
| Buellkowski |
Exchange rate is approx. 1200 dinar / 1 dollar. That means 1,000,000 dinar will cost about $833. See? I made you a profit of $367 already! My commission is 10%, thank you. PayPal is fine.  | ||
| Sifo |
Right now there is not official exchange rate for the Iraqi dinar. That is one of it's problems right now. If you can buy a million for $833 you should do so. I can show you where you can sell them for more right now. Realize that the dinar traders make a good profit when they buy and sell them. You also need to deal with a trader that will document your transaction so that when it becomes a big pile of US cash the feds don't give you the stink eye asking you to prove you aren't laundering money or other shady dealings that they currently frown upon in a most manner. | ||
| Cityxslicker |
The Arab brother hood o nations is looking to introduce their own branded regional currency similar to the Euro... at which time that Dinar is worth - less in the same manner that the French Franc went to shiat. and if the Fed keeps up their track record, the dollar is 'revised' and reinvented before 2017, you know right before a big election. | ||
| Johnnylunchbox |
http://www.iraqidinar.org/ | ||
| Pwnzor |
All this talk about Dinar is making me hungry. |
