Investing in the Iraqi Dinar

Vikingfan

There are plenty of rumours around of the revaluation of the Dinar is this true or pure speculation?

dunstonh

This isnt investing. Its speculating with the potential for almost 100% loss.

There have been rumours of a revaluation for ages. It has all the hallmarks of an internet rumour. The only place you see the Iraqi Dinar mentioned is on the internet.

Immediately after the issue of the new Iraqi notes, many scams appeared promoting speculation in the new Iraqi dinar. These sites advertise heavily on conservative websites and magazines, and sell the Iraqi currency at a huge mark up. The websites promise profits of up to 1000%, but in fact no currency in history has ever appreciated 1000% against the United States dollar, and a currency swing that severe would have negative consequences for Iraq's economy. Investment experts strongly oppose speculation in the Iraqi dinar.

http://money.cnn.com/2004/08/10/pf/expert/ask_expert/

Michael_Smith_2

I`m as confused as you are. I`ve just seen a article which claims that the central bank of iraq deny this rumour.

Stavros_3

Buy a thousand Iraqi camels, far better return on your investment than their currency

FraudBuster

<H3>Read this before you part with any of your hard earned currency for something worth WORSE OFF than the Indonesian Rupiah.It's like you paying for worthless WW2 German Marks or Japanese War Notes.

</H3>
http://reviews.ebay.co.uk/Is-IRAQI-DINARS-IQD-worth-your-money_W0QQugidZ10000000000067652

runciblespoon

Don't forget that this thread is over two years old!