jfreeman420 Posted March 2, 2007 Report Share Posted March 2, 2007 I purchased 250,000 new iraqi dinars a couple of years ago. I have a client who has 100,000,000 of them. Yes one hundred million. Does anyone have any insight into the iraqi economy? There is a lot of talk about the dinar shooting up in value very soon. Should I buy a couple million more or am I a schmuck for having any in the first place? This is serious. I am contemplating spending this month's watch money on dinars. Either purchase may be worthless but at least I could wear a couple watches, but if the dinars do go up Tourneau here I come!!! Link to comment Share on other sites More sharing options...
richard_uk Posted March 2, 2007 Report Share Posted March 2, 2007 You mean they haven't converted them to USD yet? Link to comment Share on other sites More sharing options...
Raijor Posted March 2, 2007 Report Share Posted March 2, 2007 I purchased 250,000 new iraqi dinars a couple of years ago. I have a client who has 100,000,000 of them. Yes one hundred million. Does anyone have any insight into the iraqi economy? There is a lot of talk about the dinar shooting up in value very soon. Should I buy a couple million more or am I a schmuck for having any in the first place? This is serious. I am contemplating spending this month's watch money on dinars. Either purchase may be worthless but at least I could wear a couple watches, but if the dinars do go up Tourneau here I come!!! I suggest spending money on lottery tickes in the U.S. better odds. Link to comment Share on other sites More sharing options...
jdkno Posted March 2, 2007 Report Share Posted March 2, 2007 Just a thought your 250,000 in dinars is only worhth about $195.00 USD. I don't see their money skyrocketing anytime soon with the current political and economic situation there. Now your friend is holding onto about $80k in USD I don't know what he is waitiing on to dump them?? Link to comment Share on other sites More sharing options...
Devedander Posted March 2, 2007 Report Share Posted March 2, 2007 This is basically a longshot gamble, hoping that Iraqs natural resources will give it profitability in the near future, rasing the Dinars value exponentially. It's super low value right now so if the Dinar became worth 1 cent it would still be a HUGE profit. But then again... if the Lira jumped to 1 cent it would make everyone who owns Lira rich too... There are a lot of factors and I could see it happening Iraq pulls together and gets some value but I could also very easily see it not happening. Link to comment Share on other sites More sharing options...
Lyndonville Posted March 2, 2007 Report Share Posted March 2, 2007 For what you could sell them for you could get a half decent Timex. Go for it, Dude! Link to comment Share on other sites More sharing options...
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