The New Iraqi Dinar
The New Iraqi Dinar is a hot item among many investors. With the idea that a hansom profit is just around the corner, people from all walks of life are looking currency dealers to buy the new Iraqi dinar. The idea is to buy the New Iraqi Dinar now at incredibly low prices and wait for the war-ravaged oil-rich nation to stabilize, then cash in on the big bucks. At the time we wrote this article, about $700 US dollars would get you a million New Iraqi Dinars; that's $700 now to be a millionaire at sometime in the future provided everything works out.
Many investors are speculating that the new Iraqi Dinar will double in the next 12 months. 'An incredible demand exists for the new Iraqi Dinar, and we've open two more online dinar purchasing centers in just the last 3 months. People realize that it's a gamble and are still willing to spend the cash now to strike gold later', John Smith, owner of Smith Dinars eXchange, a currency exchange dealership specializing in the new Iraqi Dinar.
Dinar Investment
Many investors consider investing in the new Iraqi Dinar as a waste of time. One investor claims it has worse odds than the lottery. Many feel it may be centuries before everything stabilizes and that just buying the new dinar now contributes to its decline in later years. Another view is that online currency exchanges are actually hurting the Iraqi people, robbing them of their fair share.
Read more about the New Iraqi Dinar.
Hey Folk’s Wake Up ?????
Has the world at large gone nuts ?
If you purchase one million Denar at current exchange rate ($1600. ?!) , and its even revalued at 1 denar per $2.50 pre war rate, you are only turning your 1,000,000 Denar, dropping the last three zeros at revaluation date , making your 1,000,000 Denars worth Only $4000-$5000 .
One would have to purchase 1,000,000,000 Denar ( That’s One Billion ) Denar now in order to have 1,000,000 $ at 1 to 1 exchange rate.
So where the crap can you figure 1000 millionaires overnight ?
Buy Silver, dispose of all your paper money, keep quiet, sit back and just watch what happens when the US prints another trillion in “Fiat” bills. China will call in our debt and we’ll be paying $20.00 for a loaf of bread.
Peace……..
waiting and praying for the early stability of the current goverment and economic for the good of Iraqi people and will give advantage for outsiders/investor/businessman