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I have read a lot about Iraqi dinar and saw so many people trying to sell them but why Iragi dinar can be a good investment? You can buy 100,000 of the New Iraqi Dinar (IQD) for about $100 because the IQD's value hasn't been determined or set by the World Bank. If the IQD valued at 10 cents by the World Bank that mean 100x your original investment. After the Gulf war the World Bank set the value of the new printed Kuwait dinar at 10 cents. Now that value has risen to approx. $3.45 do the maths and see how much people made that time but only problem is Kuwait had minor problem and the country was stabilised and after the war the economy picked up easily. Iraq is going through so much at the moment which makes it very risky investment. The risk is calculated and worth it, because if things go the way we want them that mean making a fortune but if not we end up with our original investment. I had fear that the currency might be taken off and worth nothing but the new government changed to this new currency in 2004 and it does not make sense changing them. There are a lot of information about IQD to make informed choice. Invest what you can afford to lose but be very careful to purchase them from reliable source. Take this as long term investment 3-10yrs maybe less or may be more but do not expect to make a fortune overnight. I found the Iraqi forum http://www.investorsiraq.com/ to be a good source for information>>> from my blog

Actually I know a guy who is working in Iraq and he is converting 80% of his salary in hopes of the IQD getting valued higher. I think there is good potential. Actually Iraq's stock exchange (ISX) will have remote/internet trading in the next year and there should be a good influx of cash in the region.

Good luck in whatever you decide

thanks fayz i bough 500,000 worth lets just hope things wil work out. the good news that uk banks are selling them but as soon as they got exchanged, i should make something

Problem I have with buying foreign currency (if you are buying the actual paper bill as opposed to bank transfers) is that you never know if the currency is real or not. Especially with a place in utter chaos like Iraq.

Other problem is that the country is really on the brink of a civil war. This is completely different situation than Kuwait. After a civil war, double or even triple digit inflation is a strong possibilty. Meaning that the currency really isn't worth the money its printed on.

But since you already invested, I'll just say I hope that doesn't happen to you. For others....I would recommend staying away from the Dinar for now.

mraph33 wrote:Problem I have with buying foreign currency (if you are buying the actual paper bill as opposed to bank transfers) is that you never know if the currency is real or not. Especially with a place in utter chaos like Iraq.

Other problem is that the country is really on the brink of a civil war. This is completely different situation than Kuwait. After a civil war, double or even triple digit inflation is a strong possibilty. Meaning that the currency really isn't worth the money its printed on.

But since you already invested, I'll just say I hope that doesn't happen to you. For others....I would recommend staying away from the Dinar for now.

If you have read my post, then you will realise that I have addressed and mentioned your fear. I bought mine from reliable source and as I said it been sold in HSBC and Halifax bank and few other in the UK. I also mentioned that the Iraq situation is quite different to Kuwait and it has got it is risks but the US or the new Iraqi government spent money to print those currency in 2004 and if banks selling them iam sure it is matter of time before they can get exchanged. Iam not trying to push anyone to invest in Iraqi dinar because I have no gain from that, just do your research and calculate your risks. All good investments seem very risky at first, because if they were not, then every one will be on them.

I never thought that you were trying to push anyone to buying/investing in the dinar.

But I am just stating my opinion that its too risky....I don't see anyone making money out of it.

If you are into this sort of "financial gambling" then researching Penny Stocks....which there are thousands I guess....would be what I'd recommend.

mraph33 wrote:I never thought that you were trying to push anyone to buying/investing in the dinar.

But I am just stating my opinion that its too risky....I don't see anyone making money out of it.

If you are into this sort of "financial gambling" then researching Penny Stocks....which there are thousands I guess....would be what I'd recommend.

Thanks i have done but when time permits i will do more research into penny stock. I agree it is very risky and iam into that, I have done some silly things that made money but were very risky too. I guess your advice is right to be cautious

sara_uk wrote:

mraph33 wrote:I never thought that you were trying to push anyone to buying/investing in the dinar.

But I am just stating my opinion that its too risky....I don't see anyone making money out of it.

If you are into this sort of "financial gambling" then researching Penny Stocks....which there are thousands I guess....would be what I'd recommend.

Thanks i have done but when time permits i will do more research into penny stock. I agree it is very risky and iam into that, I have done some silly things that made money but were very risky too. I guess your advice is right to be cautious

I would recommend against Penny Stocks. Thats something that takes more than simple research.

The Iraqi Dinar right now is down, but what you have to see is that, the Bush Administration is in power now. I have about 3 million Iraqi Dinars which I bought about 4 months ago.

By 2008 when the Bush Administration is up, the iraqi dinar will pick up strenght again. Its just a matter of time.

It is just a matter of research/forecasting.......just like any other investment. In any case I called it "financial gambling." Because there are obviously many less risky investment options.

The thing that prevented a civil war from happening in Iraq for the past 20 years is the heavy-handedness of Saddam. Now that he is not there, and there is no powerful leader in his place, all hell is breaking loose. I don't think that a new US administration is what is going to make a difference. Eventually the currency will stabilize for sure. But it may be after extreme devaluation....like happened in many places in South America

mraph33 wrote:It is just a matter of research/forecasting.......just like any other investment. In any case I called it "financial gambling." Because there are obviously many less risky investment options.

The thing that prevented a civil war from happening in Iraq for the past 20 years is the heavy-handedness of Saddam. Now that he is not there, and there is no powerful leader in his place, all hell is breaking loose. I don't think that a new US administration is what is going to make a difference. Eventually the currency will stabilize for sure. But it may be after extreme devaluation....like happened in many places in South America

Yeah but this isn't South America, this is the middle east. We have one of the highest valued currencies in the world. I don't think Iraq will have a problem with bouncing back. A time comes when things will get better.

I agree that Saddam was the cause of the mahem but the Bush administration has caused even more havoc. Its been an "oily" situation for a long time.

Hope for you that you're right.
Just remember that if you make a few million $$ that you have to sponsor the next DF social event

NOSOUP 4U

mine is 500k and it is too much to store away but mind you i bought smaller notes 50 ones, because it will be easier to get rid of later on than using big notes but only problem is the storage. i have not seen so much money in my life lol hope they become real though one day and if they will i do not mind paying for a party.

sara_uk wrote:NOSOUP 4U

mine is 500k and it is too much to store away but mind you i bought smaller notes 50 ones, because it will be easier to get rid of later on than using big notes but only problem is the storage. i have not seen so much money in my life lol hope they become real though one day and if they will i do not mind paying for a party.

All the bills I bought were not big bills but small and medium. Just make sure Saddam is not on the notes.

I keep my money under my bed. Or you coul dget a safe... or just keep it in the bank safe locker.

nosoup4u wrote:I keep my money under my bed.

Remind us.....what's your address?

mraph33 wrote:

nosoup4u wrote:I keep my money under my bed.

Remind us.....what's your address?

Twisted Building, Planet Earth St.
Suite #001
P.O.Box 786
Dubai, UAE

nosoup4u where did you buy your dinars from ?

MaaaD wrote:nosoup4u where did you buy your dinars from ?

You can try

http://www.portaliraq.com


My dad purchased the Dinars for me.

i bought mine online from http://www.investorsiraq.com/cart/index.php also the forum http://www.investorsiraq.com/ has great information and update about the dinar.

sorry to make this personal, but are both of you iraqi/originally from iraq ?

pm me if you dont wish to devulge this on a public forum

MaaaD wrote:sorry to make this personal, but are both of you iraqi/originally from iraq ?

pm me if you dont wish to devulge this on a public forum

yes it is, the guy who recommend the dinar, investor that have private forum, he deals with different kind of investments, and he checked those money before he recommend it. Anyway if you interested I can pm you the private forum because I can not put it here. The guy is very smart investor and knows what he is talking about, he has done great research before buying his dinars and there is a whole thread on that subject.

Hey, you know in a crazy way, it's a sound idea.

The simple fact is, it's only a few hundred dollars for some pretty fat wads of cash.

Pity HP isn't around, I wonder if we could use them at Carrefour, he'd know.

my two fils,

Personally I think it has good potential but so did all the Jordanians and everyone else that bought after the Kuwait war (i think), what happened to the Dinar then? Saddam cancelled it and everyone hoping for a valuation lost their shirts.

Like any risky investment be it penny stocks, developing currencies, etc. There is high risk and potential for high rewards.

My advice don't put your life savings into an investment like this but if you got a couple duckets laying around and you can afford to lose them go for it.

Maad, the acquaintance that I know is a yank but currently working in Iraq and has no Iraqi origin.

MaaaD wrote:sorry to make this personal, but are both of you iraqi/originally from iraq ?

pm me if you dont wish to devulge this on a public forum

If you mean me, no bro

[quote="fayz"]my two fils,

Personally I think it has good potential but so did all the Jordanians and everyone else that bought after the Kuwait war (i think), what happened to the Dinar then? Saddam cancelled it and everyone hoping for a valuation lost their shirts.



Well the key being, Saddam cancelled it. The new government is more democratic based, isn't it? Chances are good that the Iraqi Dinar will pick up.

I would agree that do not invest your life savings in this. I would say its not gonna kill ya to keep a cool million dinars just incase and play the field. Its only AED 2500. Or whatever amount makes you comfy.

But you should be aware of this as well. The decision is yours.

http://www.xe.com/iqd.htm

Its simple logic really. Before making any decision, do your own reasoning.

Thanks for the link nosoup and good advice All this talk I have really started to think about buying some.

To make informed decision on the Iraqi dinar check these information, below I have put answers from the investor who presented the idea.

“The currency of Iraq can be changed? - They have just spent a fortune and a lot of time producing this new Dinar, just as Kuwait did, why would they change it? It would only be another collapse of the whole country that would cause this and I doubt that is going to happen again, so if they ever announce a change in currency for other reasons then they have to offer an exchange for the change of currency, they can't just say it's not valid anymore and write-off billions of currency, no country's bank can do that unless the country is insolvent, but it is in many other countries interest to ensure that Iraq prospers as they all have so much invested in it's future and there are many resources there.

What we have can be worth nothing? - Well it is low enough as it is so it is very unlikely it will go down further and very likely that once it is valued and out on the international market that it will go up immediately by at least 10x. I intend to hold on to these for a few years and expect them to get to at least $1 each, so buying $1,000 worth (normally provided in 10,000 value notes) and then them being worth $1million in 5 to 10 years time is still good, but I would think that a 100x increase is possible in a year or two, I can't see anyone losing as the USA (and other countries) need Iraq to get strong and pay them some of the remaining debt, so Iraq can only move forward even if it takes 5 years or more just to get stable.

There is still a risk of not making such a high return quickly, but I can't see it being a risk in general i.e. getting back your original spend or at least a profit. I also know of someone who did well on the Kuwait dinar and has bought 100,000,000 Iraqi Dinar, so they are sure it will go up as soon as it is valued.”

Also

1. http://www.freedinar.com/aboutdinar.asp Information about the Dinar and it's history.
2. http://www.export.gov/iraq/index.html the latest on rebuilding Iraq at the US department of commerce's website.

3. http://www.investorsiraq.com forum with other investors and also sell the dinar.


good luck

sara , nosoup and others...... I may be trying to play devil's advocate here but I have researched about this and risk of losing is high as 70% probability . why? I will post some extracts from famous sites.

Promoters of the IQD like to compare Iraq now to post-Gulf War Kuwait -- but this is comparing apples to oranges.

Before the Gulf War, Kuwait had a stable government and its foreign investments generated more income for its economy than its oil did. After the war, despite losing a third of its pre-war investment portfolio (over $100 billion USD), Kuwait still had a solvent economy, a stable government, and an intact infrastructure. It is not difficult to see why a currency's value might increase in these circumstances.

In comparison, Iraq entered the war with a $125 billion USD debt, has almost no infrastructure, no stable government, and no other foreign income except its oil -- the vulnerability and unpredictability of which we have already pointed out. The outlook for its economy and the IQD is grim for the foreseeable future.

In late 2004, the US was successful in convincing some foreign creditors to "forgive" some of Iraq's debt. However, debt forgiveness is seldom a blessing, and generally comes at a very heavy price. Other countries whose foreign debts have been "forgiven" have found it nearly impossible to generate any foreign investment afterwards. Think about it: how would you feel about investing in Iraq again if you lost your entire investment (i.e. you "forgave" it) last time?

Ask yourself one question: if the Iraq Dinar is such a hot commodity, why would anyone in the know be willing to sell it to you? If you thought that the IQD was going to multiply in worth by hundreds of thousands of percent, would you sell it? Of course not -- you'd be too busy buying as much of it as you could.

But if you thought that the IQD was going to go down in value over time, well, then you might start trying to convince people that it was a "great deal" so that you could get rid of all of yours as soon as possible.

Remember the old saying: if it sounds too good to be true, it probably is. Be careful!

more here http://www.xe.com/iqd.htm

sniper

$ Anyone researched Iraqi dinar must have came across these views which been written nearly 2 years ago, so it is an old view and there are now many changes to the situation.

$ As we all said there is risk element in this investment, I truly belive that I will not lose here but it is risk iam welling to take and the money spent will not hurt the bank, if you feel you can’t lose that money then do not invest..

$ It is a calculated risk like the Kuwait Dinar was, but it is true that a lot more rebuilding is needed in Iraq then there had to be in Kuwait, but Iraq has a lot to offer too. Iraq use to be a rich country before the war, I don’t think the US will be staying and spending all that money for nothing. I know there is a lot of negative views in the media about iraq but people living there seen high rise in the property market. It is all speculations again no one will know for sure!

$ People who sell these have held onto a lot, but any investor also has their risk limit and doesn't want to hold too many if they don't increase for a while.

i am sticking with the Zimbabwe Dollar as per the DFM business plan

i can get 67 ZWD's to 1 Iraq Dinar

i have a hugeeeeeeeeeeeeee wad

sara_uk wrote:sniper

$ Anyone researched Iraqi dinar must have came across these views which been written nearly 2 years ago, so it is an old view and there are now many changes to the situation.

$ As we all said there is risk element in this investment, I truly belive that I will not lose here but it is risk iam welling to take and the money spent will not hurt the bank, if you feel you can’t lose that money then do not invest..

$ It is a calculated risk like the Kuwait Dinar was, but it is true that a lot more rebuilding is needed in Iraq then there had to be in Kuwait, but Iraq has a lot to offer too. Iraq use to be a rich country before the war, I don’t think the US will be staying and spending all that money for nothing. I know there is a lot of negative views in the media about iraq but people living there seen high rise in the property market. It is all speculations again no one will know for sure!

$ People who sell these have held onto a lot, but any investor also has their risk limit and doesn't want to hold too many if they don't increase for a while.

u have valid points but i did my research and I will say too high risk.

what about Kazak Tege?