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<p>[QUOTE="Troodon, post: 442487, member: 4626"]Found this article on eBay which does a good job of explaining in a concise manner why buying Iraqi dinars as an investment (hoping to gain money by reselling them at a higher foreign exchange value) is a sucker's bet (you literally would be better off buying lottery tickets instead!).</p><p><br /></p><p><a href="http://reviews.ebay.com/Why-NOT-to-invest-in-Iraqi-Dinars_W0QQugidZ10000000000872236" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://reviews.ebay.com/Why-NOT-to-invest-in-Iraqi-Dinars_W0QQugidZ10000000000872236" rel="nofollow">http://reviews.ebay.com/Why-NOT-to-invest-in-Iraqi-Dinars_W0QQugidZ10000000000872236</a></p><p><br /></p><p>Of course there's nothing wrong with buying them purely for the sake of collecting them. They are nice notes, and a key part of Iraq's history and such. But don't go buying mass quanities hoping to get rich of a massive increase in the nominal value. It's not going to happen anytime soon... and if it ever does they're likely to declare any notes issued provisionally no longer legal tender anyway.</p><p><br /></p><p>Key point is that the pre-Kuwait invasion value of the Iraq dinar at US $3.22 was not indicative of its actual value... the exchange rate was set by Saddam Hussein and the currency was not freely traded, so there was no international test of the validity of the exchange rate in a free market.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 442487, member: 4626"]Found this article on eBay which does a good job of explaining in a concise manner why buying Iraqi dinars as an investment (hoping to gain money by reselling them at a higher foreign exchange value) is a sucker's bet (you literally would be better off buying lottery tickets instead!). [url]http://reviews.ebay.com/Why-NOT-to-invest-in-Iraqi-Dinars_W0QQugidZ10000000000872236[/url] Of course there's nothing wrong with buying them purely for the sake of collecting them. They are nice notes, and a key part of Iraq's history and such. But don't go buying mass quanities hoping to get rich of a massive increase in the nominal value. It's not going to happen anytime soon... and if it ever does they're likely to declare any notes issued provisionally no longer legal tender anyway. Key point is that the pre-Kuwait invasion value of the Iraq dinar at US $3.22 was not indicative of its actual value... the exchange rate was set by Saddam Hussein and the currency was not freely traded, so there was no international test of the validity of the exchange rate in a free market.[/QUOTE]
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