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The Iraqi Dinar

Discussion in 'BlackHat Lounge' started by Qokaine, Nov 30, 2012.

  1. Qokaine

    Qokaine Regular Member

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    If you aren't familiar with the Iraqi dinar investment. Basically it's speculated to make you an overnight millionaire if the currency ever actually revalues, as it's not currently in the WTO it is still an exotic currency that is valued currently at 1 USD to 1166 IQD, assuming it's capable of revaluing due to lower denominations, speculative value could make its way to 1 to 1 on par with the USD, some claim $3.68 to 1 IQD based on it's exiting price of the WTO in the past. Either way all the rumors are bullshit and the likely hood in my opinion this currency will increase slowly (i.e 1200 iqd to 1 usd) if iraq can get their shit together.

    check more out on my opinion of this investment and why it's gotten a bad name at my blog:
    See why the Iraqi Dinar investment can be misunderstood due to constantly False Rumors.

    I'd be interested to hear anyone elses feedback on this subject, lets be open minded & not just jump to the conclusion that its 25k notes are going to be destroyed or just value-less if they switch to lower denom bills.
     
  2. Oukast

    Oukast Senior Member

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    I'm still holding my breath for my billions of Zimbabwean dollars to hit 1:1 with USD.
     
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  3. mission

    mission Newbie

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    This is something i looked into 6 years ago, and found before the war the IQD = 3 to 1 USD it then went to 1700 IQD to the USD after the war. But I'd be in two minds investing.