Iraqi Dinar thoughts

[ARCHIVED THREAD] - Iraqi Dinar thoughts

Posted: 12/30/2006 7:16:00 AM EDT

the last time i was in iraq a picked up a couple million dinar due to all of the wild speculation that was occuring in my company. anyway fast forward to this year and i noticed that the rate droped about around 100 points to 1325 from 1460or so.

while i never really thought it was the powerball ticket that many were hoping for. does anybody thing that the currency has a chance drop much more?

Posted: 12/30/2006 7:55:07 AM EDT

[#1]

You'll never run out of toilet paper...

Posted: 12/30/2006 7:59:14 AM EDT

[#2]

Does it have Saddam's pic on it? It maybe worth something to a collector 100 years from now.

Posted: 12/30/2006 8:05:27 AM EDT

[#3]

Go look up Weimar Germany in wiki
Then you'll understand how truly far currency can drop.

Posted: 12/30/2006 2:43:14 PM EDT

[#4]

actually when it drops it gains value, i made 200 dollars off of itsince i purchsed it. thats another lower and ten mags!!

Posted: 12/30/2006 3:13:14 PM EDT

[#5]

Currency is a wonderful thing. I had a friend who had a reserve stash of a couple K in euros that he kept since he travels to Europe frequently. He put it together when Euros were like 80 cents. Decided to finally get rid of it and change it back to dollars last month. Can we say profit?

Wish I had done that.

Posted: 12/30/2006 3:19:39 PM EDT

[#6]

Quoted:
Go look up Weimar Germany in wiki
Then you'll understand how truly far currency can drop.

Having hung out in Weimar I can say first hand what economic depression did to that place. So much of East Germany is still recovering from the nazi era detruction and following economic depression. Really sad. Glad to see its starting to recover, but sadly its at the cost of the west. (and the west is not happy at all about the taxes to support the rebuilding)

Posted: 12/30/2006 3:29:48 PM EDT

[#7]

Quoted:
Go look up Weimar Germany in wiki
Then you'll understand how truly far currency can drop.

Or the Turkish Lira. They just lopped six zeroes off the face value of their currency, last year.

Posted: 12/30/2006 8:14:27 PM EDT

[#8]

Wish I had picked up some kuwait money while I was there for desert storm. HMM Iraq has lots of oil too. I went over there and some of the guys have millions of Iraq money also. What is a fake Hussein dinair worth?

Posted: 12/30/2006 8:35:53 PM EDT

[#9]

the original sadam faced money is bassically monopoly money, its a somthing coool to have in a collection but really its not worth anything. hell the new Iraqi money isnt worth anything

Posted: 12/30/2006 11:09:38 PM EDT

[#10]

There's a few of these floating around:

Half a trillion Serbian dinar note...

Worth about 5 bucks at the time. Now, worthless.

[ARCHIVED THREAD] - Iraqi Dinar thoughts

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