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Thread: arab money

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    Default arab money

    Got a hot tip for you all - I strongly suggest you pick up some of Iraq's new dinar money. The stuff without Saddam on it. It is a little more than a tenth of a cent per dollar right now and commonsense dictates that an oil rich country's currency will recover eventually. There are MANY people who think it will happen anyday and definitely within 2 months. It's best to buy from a US Treasury registered dealer, but Ebay is cheaper and you probably will have no problem redeeming bills from there. The new currency is printed by an international company called De La Rue and has many security features. Basically, for a small investment, you have the chance to make 750x your money and it could end up being worth $75 - 100K! What the hell, buy some in case it happens. I could recommend websites, but don't want to be accused of spamming.

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    Default Re: arab money

    in the interest of 'equal time' ... from


    (snip)The funny thing about this Middle Eastern capital’s hustle and bustle is how much of the movement is dominated by cars with Iraqi license plates. Land Cruisers, Infinitis, Benzes…

    They’re nice cars – the cars of the people who could afford to get the heck out of Dodge at a time when even sitting on the world’s fifth-largest oil reserves couldn’t make staying worthwhile. Things have gotten awfully hairy over the past decade in Mesopotamia, and even with improvements, it’s one of the most dangerous places in the world.

    Nevertheless, you may have heard or seen some recent hype surrounding Iraq’s currency, the dinar. Some heavy spenders are bullish on the dinar, considering it a bet on a young democracy with a major natural resource bounty. These loud voices in the online forex world claim to be riding a wave only a fool would miss.

    Well, to paraphrase an old American saying, if you’ll buy the dinar, I’ve got a bridge in Baghdad to sell you!

    The Sad Truth About Iraq’s Growth Prospects

    Those heavy spenders are in fact shelling out big money to grab your attention on Google and other search engines as you check to see what’s up with Iraq.

    They want to catch you at the door of the digital library before you read too much, because there’s a sad truth that undermines Iraq’s growth prospects.

    That activity created by Iraqi refugees isn’t limited to Amman. Political and commercial centers around the region still buzz with Iraqi professionals, nearly a decade after the U.S.-led invasion that toppled Saddam Hussein’s dictatorship.

    More than half a million Iraqis sought refuge in Jordan since 2003, and over twice that number fled to Syria. They’re shopkeepers and accountants, doctors and janitors. They’re also pieces of the economy that’s supposed to profit enough to make the Iraqi dinar a good investment. The U.N. reports that Iraqi refugees who returned home aren’t happy about it.(snip)

    (snip)buying dinars really can be thought of as buying stock in Iraq, and Iraq’s a “company” with unstable leadership, no clear economic policy and plenty of rubble to deal with.

    The State of Washington, among other responsible parties, is sick of folks getting burned on the dinar and other foreign exchange scams.

    So are we…

    Buyers of these dinars don’t know what they’re getting, even when the dealer has an easy-to-obtain U.S. Treasury Money Services Business certificate. What’s worse is that there’s no way you’ll be made whole if you get burned.

    Foreign exchange means “exchange” in two ways: First, you’re exchanging one currency for another in hopes that the one you buy will appreciate in value against the one you sell. You can also bet the opposite way, of course.

    Exchange is also a big word because currency moves on exchanges just like stocks do. You can trade some euros at the local bank for dollars when you come back from a nice trip, but you can’t do the same in dinars.

    In fact, you have to be in Iraq to redeem dinars. Needless to say, we wouldn’t advise showing up in Baghdad with a suitcase of precious paper.(snip)


    IMHO if you're in the market for a high risk high return 'gamble', you can short Facebook, you can buy long options on gold and/or oil, or place any number of similar 'bets' ... that don't involve the future stability of Iraq to eventually 'get paid' on a winning 'bet'.


    However, where the Iraqi Dinar is just one more paper currency, there HAVE been moves by the Islamic 'world' to float gold and silver backed 'Islamic Dinars'. This was arguably one reason that Libya was the focus of US / European backed 'regime change' ... see . Most recently Malaysia has actually minted gold Dinars, but on a relatively small scale. Indeed, the introduction of a MAJOR new currency that is backed both by precious metals as well as a stable government would have profound effects on the current 'world economy' system of 'infinitely printable' fiat money. But the Iraqi Dinar is NOT that currency !
    Last edited by Melonie; 06-02-2012 at 04:47 AM.

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    Default Re: arab money

    Yes, of course it's high risk. But for a bit over $100, you have the chance of making $86K+. Don't alot of people spend that in a week on delivery, booze, and lottery tickets? ;-)

    www.dinarrecaps.com is a good source of info and they don't sell any

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    Default Re: arab money

    ^^^ indeed some people do spend $100 on lottery tickets. And if that's how one views and understands the buying of Iraqi Dinars I have no problem with it.

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    Default Re: arab money

    By the way, the article is wrong about having to be in Iraq to redeem. That is only true until the major revaluation occurs. People already have agreements set-up with the top 3 banks, anticipating an imminent reval. And you can always resell on Ebay to get all your money back, so it's quite safe.
    Sidenote - some say the vietnamese dollar(VND) aka the "dong" will go first.
    You can view current prices at xe.com
    the iraqi dinar is the (IQD)

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