Who is invested in dinars??

Just wondering who all is invested in dinars.

And what you guys think about it.

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It's a rip off to me this chick I work with has put 4k into those Iraqi ones, they have been telling her for the last 3 years her 2 million dollar payoff is coming soon. :rolls eyes:

It's not a rip off. It is a curency you can buy at banks. I was just wondering who was invested in it.

And 4k would be a pay of around 10mil

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I know exactly wat it is , good luck with that

I heard on the radio this week that you can get 20 to 25 percent interest on a savings account in Iran.

I wonder how that would translate with the dollar's exchange rate, their inflation rate as well as how tough it would be to negotiate with any legal restrictions ?

Idk what you mean. But you can deposit the dinars in a us account and exchange them at any us bank that accepts forein money.

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Originally Posted by bwallace530

Idk what you mean. But you can deposit the dinars in a us account and exchange them at any us bank that accepts forein money.

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what I was suggesting is that if you bought some foreign currency and they had a high inflation rate, you could lose money on your investment, assuming that the dollar to dinar ratio did not change?.

If you deposited the dinars in an American bank, would they be exchanged into dollars or would they still be dinars and would you get Iraqi interest rates or the standard .3 percent that you get in the US?

Originally Posted by Raymond42262

what I was suggesting is that if you bought some foreign currency and they had a high inflation rate, you could lose money on your investment, assuming that the dollar to dinar ratio did not change?.

If you deposited the dinars in an American bank, would they be exchanged into dollars or would they still be dinars and would you get Iraqi interest rates or the standard .3 percent that you get in the US?

Well my freind who is in Iraq told me the new rate was 3.68. And the us banks exchange straight over to us dollars. For my investment that would be 920k which I'm hoping it post to the banks after the cbi gets there system back up.

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Originally Posted by bwallace530

Well my freind who is in Iraq told me the new rate was 3.68. And the us banks exchange straight over to us dollars. For my investment that would be 920k which I'm hoping it post to the banks after the cbi gets there system back up.

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I think the best opportunity was to buy Iraqi real estate prior to the bombing in 2003. I saw on the news that prices were down 90 percent .

That my friend is an opportunity....

Originally Posted by Raymond42262

I think the best opportunity was to buy Iraqi real estate prior to the bombing in 2003. I saw on the news that prices were down 90 percent .

That my friend is an opportunity....

Yeah I have herd a lot of people buying that also.

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Kuwait just RV'D at 4.41 to one US DOLLAR. IQD is so post to follow looks like the so called scam is working

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i work for a currency trading firm and we have a joke there about the DINAR, "its a heavily traded currency on the eBay exchange".

on any note, best of luck as a colleague has his funds vested as well

Originally Posted by sn0rky

i work for a currency trading firm and we have a joke there about the DINAR, "its a heavily traded currency on the eBay exchange".

on any note, best of luck as a colleague has his funds vested as well

People said the same thing about kawait also and the people who bought up there money are now rich.

Why does Chase bank of America and other banks sell and buy the dinars then?

And also the government.


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Originally Posted by bwallace530

Just wondering who all is invested in dinars.

And what you guys think about it.

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Originally Posted by bwallace530

People said the same thing about kawait also and the people who bought up there money are now rich.

Why does Chase bank of America and other banks sell and buy the dinars then?

And also the government.


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Are you asking for opinions or convincing everyone that it's a good investment?

So essentially you buy other currency, wait for inflation of the dollar, and the other currency to go up, then you convert the currency back to the dollar and profit? Is that how im supposed to read?

Originally Posted by eee4666

Are you asking for opinions or convincing everyone that it's a good investment?

Yes opinions that's what I wanted. And thanks for yours.

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Originally Posted by bimmerfan08

So essentially you buy other currency, wait for inflation of the dollar, and the other currency to go up, then you convert the currency back to the dollar and profit? Is that how im supposed to read?

That's how it works.

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Originally Posted by bwallace530

Why does Chase bank of America and other banks sell and buy the dinars then?

And also the government.


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Because that is how banks make money.

Based on Yahoo Finance the exchange rate for KWD to USD was 3.2625 in 2001 and 3.6088 in 2011 3463 pips, which EUR/USD moved more than from 2005 to 2008

Based on Google Finance, there was no revaluation as well; http://www.google.com/finance?hl=en&...ed=0CCoQ5QYwAA




I am not convinced, however I would like to be. As I would like to be rich as well