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Iraqi Dinar?

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afcop13
Pillar Of The Community
United States
1261 Posts
 Posted 03/02/2010  08:49 am Show Profile Bookmark this topic Add afcop13 to your friends list Get a Link to this Message

Anyone out there have any of the newer minted Dinar notes, who thinks that the value may significantly increase over the next few years as the Iraqi's gain control back over their economy, trade, and tourism?

Just curious, as I picked some up a couple of years back, it has risen 'some' since then, but I got it more as a purely speculative long shot move.

Thoughts?

Valued Member
United States
469 Posts
 Posted 03/02/2010  12:02 pm  Show Profile Bookmark this reply Add southerngent to your friends list Get a Link to this Reply
I don't see it increasing much in value. I think that Iraq will be in a financial and tourist slump for many years to come.
Valued Member
United States
104 Posts
 Posted 03/02/2010  2:55 pm  Show Profile Bookmark this reply Add MArainman to your friends list Get a Link to this Reply
Rumor is that the Iraqi bank will revalue their currency soon. All the bricks of notes speculators are buying will be worthless unless they bring them to Iraq during the grace period. I have some of the lower valued notes but I'm waiting for the revaluation to add the higher value notes to my collection.
Valued Member
United States
486 Posts
 Posted 03/02/2010  3:08 pm  Show Profile Bookmark this reply Add schmidty to your friends list Get a Link to this Reply

Quote:
Rumor is that the Iraqi bank will revalue their currency soon.

Dang. I did the same as afcop. But, I didn't spend any more than $20 if memory serves. I kind of treated it like betting on the long shot in a horse race. If the rumor is right, my horse is 20 lengths behind going into the final stretch.
Valued Member
United States
104 Posts
 Posted 03/03/2010  08:17 am  Show Profile Bookmark this reply Add MArainman to your friends list Get a Link to this Reply
I have a couple envelopes filled with hundreds Yugoslavian notes I picked up for pennies after the country broke up. I have NO idea what I was planning on doing with them.
Pillar Of The Community
United States
1261 Posts
 Posted 03/03/2010  09:08 am  Show Profile Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
I have $25K Dinar notes.........quite a few.

I've been to Baghdad - don't plan to go back unless the $$ is going to be REALLY worth it. Current value isn't worth it at all. I paid less than 10% of what it is currently valued at. I should probably just trade it in and be happy with that gain.
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