Article

2006-02-07 Iraq

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Anonymoose 2006-02-07 13:16|| || Front Page|| [3 views since 2007-05-07] Top

#1 Main issue:
The Iraqi Dinar (IQD) is not traded on the Foreign Exchange Market (forex - for those inevitable searches, heh) yet, which is why you can't go exchange or deposit it into your local bank.

The usual questions... a sampler...
Where can you buy dinars?
What is the markup?
Who, exactly, is pocketing that profit?
Where and how can you sell them?
How long can you afford to hold the investment?

This is an interesting idea.

But clear answers are not easy to come by...
StrategyPage
PortalIraq
Bank of Dinar (a competing seller)
Investor's Iraq (a forum)

G'luck.

Posted by .com 2006-02-07 14:00|| 2006-02-07 14:00|| Front Page Top

#2 .com, are you a member at IIF?
Also, please check out iraqidinarinformation.com.

Do not buy based on a rumor... Much research is necessary here.

Posted by James 2006-02-07 14:46|| 2006-02-07 14:46|| Front Page Top

#3 James has listed the site. I think its worth investing (speculating) with some fun money. Very high risk. Very much hype. Probably a little better odds than a lotto ticket. I figured its like buying stock in a company on the verge of bankruptcy.

Some banks in this country are buying and selling over the counter but you cannot have a Dinar account in the US yet.

Posted by BrerRabbit 2006-02-07 17:43|| 2006-02-07 17:43|| Front Page Top

#4 J - No, just spent an hour or so googling, mainly to see if it was still considered a scam - as it most certainly once was. Seems the temperature of the hits I got were at least a bit more positive than it was about 18 months ago when this BlogAd first started running. Indeed, research is called for if the investment level is above "fun money" as BR sez.

Once on the ForEx, then you'll see if you'll ever recover the juice you paid on the original purchase.

Posted by .com 2006-02-07 18:12|| 2006-02-07 18:12|| Front Page Top

#5 I rely on my Mexican Race Horse Fund advisor for information.

Posted by HalfEmpty 2006-02-07 18:42|| 2006-02-07 18:42|| Front Page Top

10:00 The Angry Fliegerabwehrkanonen
07:59 Besoeker
10:53 Hyper
23:49 Craper Glerenter1108
23:47 mmurray821
23:44 gromgoru
23:35 phil_b
23:27 Scott R
23:09 Sock Puppet O´ Doom
23:00 Sock Puppet O´ Doom
22:50 Mike
22:44 Frank G
22:43 Frank G
22:33 Pappy
22:27 Fordesque
22:18 whitecollar redneck
22:16 Bomb-a-rama
22:14 Matt
22:10 steve
22:10 JosephMendiola
22:06 2b
22:03 .com
22:01 2b
22:00 DMFD