A few years ago I purchased Iraqi Currency (Dinars) for $1USD = 1420 Dinars. The total I purchased was 5 million Dinars. Since then it has risen to $1USD = around 1200 Dinars. I do not plan on cashing out unless it hits somewhere around a 1:100 ratio (yes I could be 80 by then). The future of the Dinar is based solely on the stability of Iraq. Also keep in mind this country sits on loads of oil and back in the 1950s it use to be a vacation area for rich people sorta like what Dubai is today. There is a lot of speculation that it can gain more value in the up and coming years. Would anyone like to speculate?
The future of Iraq is still quite unknown, it also depends a lot on who is the next American President. I think it is more of a gamble than investment, the risk is huge but then the returns will be huge too.
i think the real estate is the way to go if you can. the currency itself will face huge inflation pretty soon and will be devalued.
I dont think it's good idea. Many experts said that after american go home, civil war will start in Iraq.
Iraq still has a fighting chance, Zimbabwe is more of a gone case. Might as well burn the money to keep warm in winter......
just look at any other place the US army bombed to crap and see how their economy skyrocketed ...hell the USA cant even support its own currency any more: 9/11 put 1.000.000$ in shoe box (exchange US$:Euro = 1: 1.23) and take them out today ( 0.68: 1) and you would lose a whopping 550.000 of todays euros in the conversion!!! this is a whopping 800.000 of todays US$! do i need to spell it out? no but i will anyway : invest in 1.000.000US$ and a few years later youre 800.000 short LOL... iraqi dinar anybody? LOL poor iraq i feel sorry for the decades of crap the US has set them up for...