Iraqi Dinar Investment?
 

Presidential Order 13303 allows US Citizens to invest in the New Iraq. Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen. In fact, you can pick up Iraq Money at your local bank here in the US.

The Iraqi Dinar is a BIG risk and you are gambling that the government in Iraq will pull together and start profiting from its rich oil resources.

I know a brother who spent $1,200.00 for Iraqi Dinars, which came to over One Million Dinars. The word around is that Japan started investing in Iraq, and some say the Iraqi Dinar will rise to over twice the value of an American Dollar. That means my friend will have over 2 million dollars.

Anyone heard of this?

Aside from Christian Zionists being abhorred at such thought of supporting the enemy of Israel, I saw websites that claim it is a gigantic risk, since inflation has been ruining the Dinar despite the actual difference in its value compared to the US dollar five years ago and how it rose in comparison today.

Re: Iraqi Dinar Investment?
 

that cheep and snarky shot at "christian zionists" not withstanding... and you ought to be spanked for it....

I dont know that I would invest in Iraqi money. There are too many very wierd varibles to get that to work. and I dont know if there is any truth to emails about Japan investing there.

currency trading is very volitile.

Re: Iraqi Dinar Investment?
 

You don't need to invest a lot. Spend a hundred bucks (or less) and see what happens. It COULD make enough to pay for a nice vacation. :)

Re: Iraqi Dinar Investment?
 

It's true. Some Christian Zionists actually got upset at my brother for this very thing. I intended no cheap shot. I only said it in case someone DID make that same argument here. lol

I agree. But the place HAS OIL. And someone is going to do for it soon!

Re: Iraqi Dinar Investment?
 

I heard that they will promise you 100 virgins also if you will just carry this package into the bank,


Allah Akbar!

Re: Iraqi Dinar Investment?
 

You would be wiser to invest in the upcoming Gulf States currency which is being labeled the Gulfo.

Once they dump the dollar for trading petrolium that huge backwash of fiat money reserve tied into the petro commodities trade is gonna crush us.

Re: Iraqi Dinar Investment?
 

Are you serious on that currency?

You know, everyone mocked the euro when it came out, it was 1/1 to the dollar. Now it is 1 euro to 1.48 dollars. I wonder who is mocking now?

The yen is stronger than the dollar.

I have considered silver, either in bullion or coins. Down in mexico you can buy a silver coin in hardware stores.

Re: Iraqi Dinar Investment?
 

http://www.rightsidenews.com/2009121...-currency.html

Petro-Powers to Launch Gulfo Currency
Written by The Daily Bell
Friday, 18 December 2009 06:46


"The Gulf monetary union pact has come into effect," said Kuwait's finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait. The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40% of the world's proven oil reserves, and financial clout equal to that of China. Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank.

The Emirates are staying out for now - irked that the bank will be located in Riyadh at the insistence of Saudi King Abdullah rather than in Abu Dhabi. They are expected join later, along with Oman. The Gulf states remain divided over the wisdom of anchoring their economies to the US dollar. The Gulf currency - dubbed "Gulfo" - is likely to track a global exchange basket and may ultimately float as a regional reserve currency in its own right.


"The US dollar has failed. We need to delink," said Nahed Taher, chief executive of Bahrain's Gulf One Investment Bank. - Telegraph

Re: Iraqi Dinar Investment?
 

If I were to invest in a commodity it would be Coltan. Maybe Palladium. Neither of which are speculator bait like gold. Its not a emotional buy but a market driven buy.

Finite quantity and necessary for many modern communications technologies like cell phones.

Re: Iraqi Dinar Investment?
 

But can you unload them as quickly as silver? Or do you have to work through a middleman?

Re: Iraqi Dinar Investment?
 

Most likely a broker. I can't imagine taking a shipment of coltan on a comex order :)

Jeweler grade platinum is easily sold though and it takes way less room that silver due to its higher price point per oz.

Re: Iraqi Dinar Investment?
 

what kind of food do they serve in Iraqi dinars?

Re: Iraqi Dinar Investment?
 

BTW, the way things look, there may come a currency change and citizens will only carry 1 type of currency, rending all currencies worthless. They are already pressing for a new standard currency to take the place of the US Dollar to stablize the economy

Re: Iraqi Dinar Investment?
 

If they do go to another currency, then it will be best to have a physical trading commodity, ie gold or silver, so that it is not worth nothing.

Re: Iraqi Dinar Investment?
 

Right. I thought of that, too.

Re: Iraqi Dinar Investment?
 

I heard yesterday that the Iraqi Dinar may get up to 3.22 tomorrow. Something about the Paris Club wiling to forgive their HUGE debt if they agree to a deal by Dec 31. Some people might be rich this weekend!

From another forum. Full article here: http://dinarvets.com/forums/index.ph...#ixzz19dYTwt7T

Re: Iraqi Dinar Investment?
 

I had just began to look into this back in October 2008, right before I lost my job.

I could not find any information on how to go about investing in the dinar.

My bank did not offer this service and told me that I would have to find some one on my own.


So do you have any idea how I could go about doing this, even today, if it's not too late to reap any major profits?

Re: Iraqi Dinar Investment?
 

Sounds to me more like your friend will have $2400.00

Re: Iraqi Dinar Investment?
 

So, how does one buy and sell dinars?

Re: Iraqi Dinar Investment?
 

The best way to do it is throw an event called a "Dinosaur".

Have lots of finger foods for everyone and show all the different species from fossil samples.

Then crank up the music to "Everybody do the Dinosaur" and just watch as people will beg to book their own parties!

Re: Iraqi Dinar Investment?
 

Don't want to be a wise crack here... and I am sure you already know this, but please don't invest money in this that is borrowed or that you can't afford to lose...

Re: Iraqi Dinar Investment?
 

And then do you charge to throw the party? What if you don't want to throw a party but you would rather sit anonymously behind a computer screen and type to make money? ;)

Re: Iraqi Dinar Investment?
 

Amen to that. This investment is only for throw away money.

Re: Iraqi Dinar Investment?
 

It is a high risk and folks claim it may never happen. If they change the currency, the loss is plain. However, the currency was only made a few years ago.

You can get hold of dinar at some websites such as http://dealorbuydinar.com or http://dinarbanker.com

Here is the info provided about it:

A historical and geographical comparison:
Kuwait
Prior to Saddam Hussein’s invasion of Kuwait in 1990 one Kuwaiti Dinar was worth $2.79 U.S. Dollars (USD.)

After Saddam Hussein’s invasion of Kuwait the Kuwaiti Dinar plummeted to a value of $.10 on the Dollar.

When the U.S. lead coalition removed Saddam the Kuwaiti Dinar could be purchased for pennies on the Dollar. Today one Kuwaiti Dinar is worth $3.42 U.S. Dollars (USD).

Keep in mind that Kuwait is the third largest oil producing country in the world…Iraq is second.

The historical and geographical scenarios playing out in Iraq today:

That’s right, Iraq is the second largest oil producing country in the world or was prior to the First Gulf War. Iraq still has the 2nd largest oil reserve in the world. Saudi Arabia has the first largest oil reserve in the world.

Before Saddam came to power the Iraqi Dinar was worth $3.30 (USD)..

After Saddam lost the war with Iran, the war with Kuwait and after the country was impacted by years of UN Sanctions the Dinar was down to its lowest exchange rate ever. (See graph below)

Prior to the start of Operation Freedom, after two wars and over 10 years of U.N. Sanctions, the official international exchange rate for the Iraqi Dinar was $0.31 (USD).

Today the exchange rate for Iraqi Dinar is close to it's lowest point in history, .00068, after bottoming out at .00027. Of course you have to be in Iraq in order to get that rate. At the present time it's only a local currency. Speculators are waiting for high returns should it to become a global currency again sometime in the future.

Acquiring Dinar here in the states is primarily done through independent dealers since it isn't being carried by banks and is currently not internationally circulated. You may pick up 1 million Iraqi Dinars from a reputable dealer here in the States for under $1000 or $.001 (USD). That’s 1/10 of 1 U.S. penny.

Re: Iraqi Dinar Investment?
 

Donald Trump bought $30 million worth of Dinar. If a person spent $100, and nothing ever came of it, it would be no loss. But it would be great returns if it came through!

Word now is that the RV (revaluing) will occur Mid January. It did not occur Dec 31 since there were not enough smaller denominations of the currency to flow through the country, and last week they scrapped the bid to get the money printed by De la Rue in the UK as part of the budget they were settling on.