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<p>[QUOTE=&quot;Bedford, post: 137167, member: 4917&quot;]In October of 2003 the CPA in Iraq issued new currency that does not have Saddams face on it &amp; the citizens of Iraq were given a grace period to turn in all the old Swiss dinars for The New IQD.</p><p><br /></p><p><span style="color: Red">The current value of the New Iraq dinar has hung around an 1470 IQD to 1$ USD . Currently there is no way to exchange them . The values touted by people trying to sell the new Dinar is a self inflated amount set by Saddam himself.At no time was the old dinar valued at $3.22 to $1 USD. As it was never traded on the open market.</span></p><p>There is alot of talk about zero lopping&nbsp; ( check out recent events with Polands currency for an example) and also exchanging them in country only.</p><p><br /></p><p>It is a very risky &quot;investment&quot; There are many variables that could make the dinar worthless in the future no matter who is on it.Or who is in control of the country.</p><p><br /></p><p>I am a moderator on a forum that deals with Iraq &amp; the dinar in general. If you would like more info you can check out this link.&nbsp; <a href="http://www.dinaroutpost.com/forums/index.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dinaroutpost.com/forums/index.php" rel="nofollow">http://www.dinaroutpost.com/forums/index.php</a> </p><p>You may ask why am I a mod if I dont really believe in a reval or the dinar? Well- the only way I believe I will make money on the dinar is to have it invested in Iraq&#039;s stock exchange. I do have a small bit of paper dinar but only around $100 worth US. </p><p><br /></p><p>Before you do any buying go to this site and ask questions there are alot of members there who will answer your questions honestly &amp; hopfully will be able to help you out with your endevor.</p><p><br /></p><p>-Bud</p><p><br /></p><p>Also- DO NOT BUY ANY DINAR FROM ANYWHERE BUT AMERICAN SELLERS- The government of Iraq has shut the borders down and try to stop shipments of the IQD from getting out of the country. The black maket trade of IQD could be supporting terrorist and other groups that are detremental to the new Iraqi Gov. &amp; our troops.[/QUOTE]</p><p><br /></p>

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