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

[techgamer]

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?

 

[Nebor]

Hah, it has an inverse relationship with the USD.

 

[Sinsear]

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.

 

[Slew Foot]

A fool and his money...

 

[compuwiz1]

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]

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]

Basically any foreign currency is better than owning US Dollars right now.. Check out Pakistan's economy, btw. (It's good.)

 

[ProfJohn]

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.