Iraqi Dinar

[Anybody]

How safe is this foreign currency as an investment?  What is the going price for a million Dinar?  What other currencies look promising for the near future?

Thanks for your input.

[ricepig]

How safe is this foreign currency as an investment?  What is the going price for a million Dinar?  What other currencies look promising for the near future?

Thanks for your input.

Did you see the scam on TV the other night? I wouldn't touch it at all.

[Ragnar Hogbrok]

There's been an Iraqi dinar scam in one form or another since at least Jan/Feb 2003.  I have a few dinar...I'll sell 'em to you for a good price.

[nlrwildcat1]

My friend and his family invested right when it was offered and that was almost ten years ago. they will never see a return on that without a huge loss

[PorkRinds]

Why not ?  If they bought it at .00086 per dinar (less than a penny), and it revalues at $3.58 USD (U.S. Dollar) per dinar or higher.......   can you use a calculator ?

Because it isn't going to revalue.  Iraq will be lucky to even BE a country in the next decade, much less one with its own currency.

[twistitup]

Only need one for the collection

[Anybody]

Because Iraq has 10 times the natural resources of any country in the Middle East - oil, gas, gold, silver, titanium, etc.  Are you aware that MOST wars are fought over natural resources, as opposed to political reasons? 

[Ragnar Hogbrok]

Because it isn't going to revalue.  Iraq will be lucky to even BE a country in the next decade, much less one with its own currency.

This.  Iraq will be dissected into no fewer than two states (Kurds and Arabs, and even then possibly Sunni and Shia areas could be split).  Heck, they can't even repel a rag-tag group of foreign invaders with billions of dollars worth of U.S. military equipment and training.

Their state will not last.  Their currency is a laughable investment because the dinar's value was based on petroleum and the Saudis are pumping like it's going out of style.  Also, the Kurds will control a sizable portion of the oil there once the country is split up.

[Anybody]

No, Old Tusk.  The dinar has been available as an investment for the last 12 or 13 years.

Most of the major banks offered it through their foreign currency investment department.  I got a small amount at WalMart's 1st Convenience Bank in Texas.  It is a program designed by George W. Bush and Dick Cheney where the Iraq war would not cost a dime.  The country of Iraq is primed for massive investment and growth, and many individuals including those in the United States, will profit accordingly.   

[PorkRinds]

No, Old Tusk.  The dinar has been available as an investment for the last 12 or 13 years.

Most of the major banks offered it through their foreign currency investment department.  I got a small amount at WalMart's 1st Convenience Bank in Texas.  It is a program designed by George W. Bush and Dick Cheney where the Iraq war would not cost a dime.  The country of Iraq is primed for massive investment and growth, and many individuals including those in the United States, will profit accordingly.

Um...have you seen the news lately? Iraq is primed for Isis to tear it apart.

[twistitup]

Um...have you seen the news lately? Iraq is primed for Isis to tear it apart.

I heard things were all good...I figured it was the truth since we don't see much news coverage anymore.

[h0gfan6]

There's a better chance the leaves on my lawn revalue. 

[twistitup]

There's a better chance the leaves on my lawn revalue. 

6.50 per bag

http://www.olbrich.org/events/leafmulch.cfm

[PEtrader]

If there was a chance the dinar be devalued, wall street bankers and hedge funds would have already cornered the market.

Yep

[Anybody]

PEtrader -  Are you familiar with recent history where the Kuwati dinar revalued at $3.22 after being worth virtually nothing while their war was in effect?  A lot of people in the know bought it for less than a penny, and became overnight millionaires when it was reinstated.  We expect the same to happen very shortly with the Iraqi dinar. 

[HawgWild]

Can I buy Dinars with Bitcoins?

[Old Tusk]

While I continue to urge you to buy all the dinars you can get your hands on, note that Kuwait issued a new bank note series who's exchange was at prewar levels.

[PEtrader]

PEtrader -  Are you familiar with recent history where the Kuwati dinar revalued at $3.22 after being worth virtually nothing while their war was in effect?  A lot of people in the know bought it for less than a penny, and became overnight millionaires when it was reinstated.  We expect the same to happen very shortly with the Iraqi dinar.

Are you serious?

[Anybody]

I AM DEAD SERIOUS.  I have been studying this for almost 5 years.  This will be the biggest transfer of wealth the world has ever seen.  History will tell the story.

[twistitup]

I AM DEAD SERIOUS.  I have been studying this for almost 5 years.  This will be the biggest transfer of wealth the world has ever seen.  History will tell the story.

If you've studied it for 5 years why did you open by asking Hogville if it was a safe investment ?

[McKdaddy]

If you've studied it for 5 years why did you open by asking Hogville if it was a safe investment ?

[PEtrader]

If you've studied it for 5 years why did you open by asking Hogville if it was a safe investment ?

My guess is he is trying to sell the stuff himself. 

[PEtrader]

Trying to sell all the worthless dinar he bought to someone else to make his money back.

haha,  probably.

[Anybody]

No, just trying to get a pulse on how widespread the information is with fellow Hogville members in the Finance/Investment Forum.

GO HOGS 2015 !   KTF (Keep The Faith)

[Anybody]

History will tell very shortly.  KTF  (Keep The Faith)

[PEtrader]

History will tell very shortly.  KTF  (Keep The Faith)

You are up late,  putting in the analytics?

[dafe1]

The Dinar, heh. It's always just about to revalue. One more week guys, just one more week.

[Anybody]

Looking good for THIS weekend into Monday or Tuesday.

History will tell the whole story. 

Keeping The Faith

[twistitup]

Looking good for THIS weekend into Monday or Tuesday.

History will tell the whole story. 

Keeping The Faith

If it does not happen does your faith take a hit ?

[Anybody]

twistitup -  No, not at all.  We know it has to be reinstated or revalued because the country and government of Iraq is ready right NOW for investment by major companies around the world.  We feel it will happen sooner rather than later.

Oh, and by the way, the U.S., as well as other countries around the globe that own dinar, are counting on this GCR (Global Currency Reset) to help offset their respective debt and give their economies a boost.

KTF

GO HOGS 2015 !

[PEtrader]

twistitup -  No, not at all.  We know it has to be reinstated or revalued because the country and government of Iraq is ready right NOW for investment by major companies around the world.  We feel it will happen sooner rather than later.

Oh, and by the way, the U.S., as well as other countries around the globe that own dinar, are counting on this GCR (Global Currency Reset) to help offset their respective debt and give their economies a boost.

KTF

GO HOGS 2015 !

What about Isis over running the country?  Hard to build infrastructure and factories when you have no head. 

[ricepig]

What about Isis over running the country?  Hard to build infrastructure and factories when you have no head. 

Or they blow them up every other week.

[Ragnar Hogbrok]

Dude, you can admit to us if you got Ponzi'd.  If you are still giving money to any group advocating investment in the dinar, just stop.  If you don't like money, you can give it to me instead of less than honest schemers.

[Ftsmithmike]

I tried to pay for dinner last night with some Dinars- I told them don't look so confused, when that shiite revalues you wil see I just paid you 1,000.00 for my meal and drinks.

1000 for some Taco Bell. You got ripped off.

[PEtrader]

I tried to pay for dinner last night with some Dinars- I told them don't look so confused, when that shiite revalues you wil see I just paid you 1,000.00 for my meal and drinks.

Too bad you couldn't sell as good as whoever sold this guy on the dinar.   You would of got a free meal. 

[Ragnar Hogbrok]

I have some magic beans for sale.  If you're interested in this amazing opportunity, send me $500 cash and I'll let you get in on this deal on the ground floor.

[PEtrader]

I have some magic beans for sale.  If you're interested in this amazing opportunity, send me $500 cash and I'll let you get in on this deal on the ground floor.

Ground floor? I don't think I can pass this up.

[CabotHog87]

Dinars? Is that like Pesos?

[twistitup]

Dinars? Is that like Pesos?

The Dinar envies the Peso

[RazorPiggie]

I remember when my parents bought some of this stuff way back when.

[PEtrader]

Did it happen!  Did he make his millions!

[YankHog]

Did it happen!  Did he make his millions!

i've got a stack of old $500 Iraqi Dinar bill's with Saddam's mug on it i'll let go for half that in USD    (BTW they were worth about 25 cents at the time)

[HawgWild]

I'm showing the current exchange rate as 1 USD = 1,189.95 IQD. FWIW - It's 5 year trading range has been between 1128.67 to 1202.00 to 1 USD. Still waiting on that pop.

[Anybody]

The RI (Reinstatement) of approx. $3.48 USD per 1 dinar is scheduled to show when the banks in Iraq open on Saturday morning, and will be posted in their Gazette newspaper which implements and puts it into law.

Keeping The Faith

[twistitup]

Saturday it is

[CabotHog87]

This is so exciting

[PorkRinds]

The RI (Reinstatement) of approx. $3.48 USD per 1 dinar is scheduled to show when the banks in Iraq open on Saturday morning, and will be posted in their Gazette newspaper which implements and puts it into law.

Keeping The Faith

LULZ.  This has to be an epic troll job.

[twistitup]

From 2014- stay on your toes...

http://www.dinaradvice.com/2014/12/30/rate-reinstatement-window-of-72-hours/

[PEtrader]

The RI (Reinstatement) of approx. $3.48 USD per 1 dinar is scheduled to show when the banks in Iraq open on Saturday morning, and will be posted in their Gazette newspaper which implements and puts it into law.

Keeping The Faith

what time should we check in?

[Ragnar Hogbrok]

So, are you a millonaire yet?