User Panel
User Panel
User Panel
|
Posted: 2/19/2006 6:18:57 AM EDT
[#1]
I have some from when I was over there. I seriously doubt Iraq will become a major finincial player in the world anytime soon, so no banks will carry their money. Instability in the country will keep their money at a low value. All you will have is some expensive TP, as you are not likely to go to Iraq on vacation to spend your money. When I was over there in 04, the dinar/dollar value was 1460/1. There has been no change in value since then. I warn you not to invest in this, it's just a way to part a fool with it's money.
More info here |
|
|
|
Posted: 2/19/2006 6:47:43 AM EDT
[#2]
+1 When I letf it was roughly the same 1400 to 1, I dont see it getting any better. My finantial advisor agrees with me. I only brought back $20 USD worth of dinar to give a way to friends and family |
|
|
|
|
Posted: 2/19/2006 6:49:02 AM EDT
[#3]
Where would you purchase Dinars? 
|
|
|
|
Posted: 2/19/2006 6:50:30 AM EDT
[#4]
I bet there is at least one arfcommer who bought some and thinks that he is sitting on a future pot of gold.
|
|
|
|
Posted: 2/19/2006 7:34:39 AM EDT
[#5]
I have bought about $1500 worth of the new Iraqi dinar.
Partly as an high risk, high return investment, mainly because I wanted the old dinar with Saddam's face on it and the place that I bought the old ones had the new ones too. One point to consider. If one bought Japanese yen as an investment, about 60 years ago when the WW2 ended, history shows that due to inflation and such, there was no point which one would have made a worthwhile profit. But of course, there are many differences between Japan and Iraqi, and many variables, so the outcome might be totally different. |
|
|
|
Posted: 2/19/2006 7:38:55 AM EDT
[#6]
+50,000,000.- |
|
|
|
|
Posted: 2/19/2006 7:46:53 AM EDT
[#7]
If you have money to burn and are willing to take a long term risk, it could be a worthwhile investment.
I remember somebody from the iraqi oil ministry saying Iraq actually has more oil than saudi arabia, they were not able to get it out of the ground before. Situation stabilizes, oil production in creases, dinar goes up and up. |
|
|
|
Posted: 2/19/2006 8:09:36 AM EDT
[#8]
Ummm, Iraq?! |
|
|
|
|
Posted: 2/19/2006 1:01:56 PM EDT
[#9]
It is a long term investment and i dont belive we are going to let Iraq fail, If it goes back to the pre war level of .40 cents you would still make a huge profit
|
|
|
|
Posted: 2/19/2006 1:06:53 PM EDT
[#10]
Very funny. There has to be some exchanges in the US, knucklehead. Not buying, but curious. |
||
|
|
|
Posted: 2/19/2006 1:08:05 PM EDT
[#11]
I had a small fortune selling dinars to AF pilots in Incirlik AFB during Op Provide Comfort. My unit had been tasked with helping Kurd refugees in N. Iraq after the war. I had a bunch of dinars I found on the Highway to Hell. A lot of Dinars.
 I was selling them to AF pilots that felt they got left out of the souvenir hunt. I was selling any denomination for $20 US. Pilots came to our unit looking for me to buy some dinars. Jeez I made a shit load of money off of them. 
|
|
|
|
Posted: 2/19/2006 1:09:30 PM EDT
[#12]
I bought 9 different denominations of the old Dinars for $3. 
|
|
|
|
|
Posted: 2/19/2006 1:14:49 PM EDT
[#13]
I still have a few dinars left. Just a few. They only cost me the price the taxpayer paid to get me over there.
|
|
|
|
Posted: 2/19/2006 1:52:41 PM EDT
[#14]
Google it, you will find a ton of places. I don't think that I have found anybody in the US though. Mostly they are in countries surrounding Iraqi. |
|||
|
|
|
Posted: 2/19/2006 2:00:56 PM EDT
[#15]
i did some serious look into this a few months ago.
pretty much not for me. no bank or market in the us currently will exchange them should you decide to sell. there is no guarantee the new governement will continue to use the current currency, potentially making it worthless. Due to couterfieting issues, the foriegn markets that have been trading in them apparently will only deal in uncirculated currency. There have been issues with dealer <ebay> selling mixed lots of new and circulated bills. making the deal even worse. there is no guarantee of a rise in value and actually there are some predictions it will go down just like the turkish currency. might be a neat novelty to have a 1million dinars in cash but it's pretty much worthless from what i can tell. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
