Thread: Iraqi Dinar
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Old 07-15-2005, 08:50 PM
Sniper Sniper is offline
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Join Date: Jun 2005
Posts: 704
Default Re: Iraqi Dinar

1. There are many currency dealers, including some online.

2. Prior to United Nations sanctions, the Iraqi dinar traded at 3.35 per U.S. dollar, and prior to the war in Iraq, the Iraqi dinar traded at .33 U.S. Dollars. During major combat operations, the Iraqi dinar declined to an all time low. However, after major combat operations, the value of the dinar increased 25%. Countries such as Germany (post WWII) and Kuwait (post Iraqi invasion) experienced a similar devaluation of their currency, but both countries recovered. Today, the dinar has increased from 3,500 against the dollar during the U.S. led invasion last year to 1,400 against the U.S. dollar. Imagine the growth potential of the Iraqi dinar once Iraq recovers and begins to enjoy the potential revenue of a country rich in oil and other natural resources. (note: copied off one of the dealer sites)

For completeness, I am not endorsing this, however, this might be viewed by some similar to a pre-ipo investment in a developing company (country in this case). Foreign exchange of currencies is the largest market in the world, with significant risk factors.
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