re:Iraqi dinar$ a good investment?
there's a lot of money to be made on the foreign exchange market. heck look at the canadian dollar, a few short years ago, it was at 60 cents now it's at 90. that's a 33% increase. say you had invested $1000 US into it back then, and sold it back now, it would haev cost you roughtly $700 and you'd get back around 900 now. that's a $200 profit
Iraqi currency a couple of years ago
I have a vague memory of my dad investing some money into Iraqi currency a couple of years ago.
I've always kind of laughed at it behind his back but I can't really laugh all that hard because he's 45 and retired and has a ton of money and has always done stuff like this.
Since banks won't exchange
Since banks won't exchange your Iraqi dinars for real money, the idea is that you simply put the physical bills away in a vault somewhere until, one day far off in a magical future when Iraq is a shining paradise that has reached the Second Stage of Democracy, your bank decides to start exchanging your Iraqi dinars for hard currency at some rate more favorable than the outrageous price at which you bought your dinars in the first place. Right.
For comparison's sake, most other Middle Eastern currencies are totally worthless and unconvertible outside of their countries of origin. They show every indication of remaining so indefinitely. And those currencies come from countries that aren't completely falling apart.
The trade in Iraqi dinars is basically a pyramid scheme. You can make money in