Posted 07/29/2010 12:14 pm
Or approximately 1,182 D's to the $1. If you are planning a MONEX action, use caution. I brought back 2.6 mil 6 years ago and the Dinar as only improved slightly. The Ruler, so to speak, is the PM Mr. Malawi (sp) who still has not put together a working coalition government. The currency is on shaky ground right now but there's still all that oil to be considered. Petro-Dinars do have a certain romance but only if you can afford to loose.
Most dealers are getting $1000 per million Dinars. remember the exchange rate, that's about a $115 to $150 premium. Also keep in mind that the currency is volatile; can move quickly.
Another issue is counterfeit. Be sure you source is a reputable dealer. Better yet, if you're around DC, check them out at the World Bank. My son picked up some there the other day.
On the "flip" side of the paper, they are really neat bills and; if crisp, clean, uncs, look great in a collection. I have one of each from the Hussein 1 Dn all the way up to the new 25,000 Dn. I'd still like to find some of the old Swiss Dinars.
Most dealers are getting $1000 per million Dinars. remember the exchange rate, that's about a $115 to $150 premium. Also keep in mind that the currency is volatile; can move quickly.
Another issue is counterfeit. Be sure you source is a reputable dealer. Better yet, if you're around DC, check them out at the World Bank. My son picked up some there the other day.
On the "flip" side of the paper, they are really neat bills and; if crisp, clean, uncs, look great in a collection. I have one of each from the Hussein 1 Dn all the way up to the new 25,000 Dn. I'd still like to find some of the old Swiss Dinars.
