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Iraq Dinar -- why is there a lot of advertising about buying their currency?

techgamer

Senior member
Sep 19, 2007
572
0
0
does anyone have specific information about this? Friend of mine said that they are investing in Iraq Dinars because the value of the currency is suppsoed to dramatically increase soon?
 

Sinsear

Diamond Member
Jan 13, 2007
6,435
79
91
Some advice for you: Don't do it.

They have been saying for years that there will be an increase. There are better things to invest in.
 

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
26,999
783
126
If the nuclear holocaust begins, it will be money from an extinct country.:shocked:

All kidding aside, I don't see it as a good investment.
 

HombrePequeno

Diamond Member
Mar 7, 2001
4,657
0
0
I remember there being some giant scam involving Iraqi dinars a year or two ago.

The bond market in Iraq though has recently given great returns within the past year though. Recently they've been returning over 15% because of the news of the troop surge.
 

brxndxn

Diamond Member
Apr 3, 2001
8,475
0
76
Basically any foreign currency is better than owning US Dollars right now.. Check out Pakistan's economy, btw. (It's good.)
 

ProfJohn

Lifer
Jul 28, 2006
18,268
4
0
If someone is advertising something as a good investment that usually means it isn't one.

People will find good investments on their own. Bad investments need to advertise how good they are to get buyers.
 

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