New Iraqi money. The Dinar.

samitoy

Registered User
Location
Stansbury, UT
Yes, you actualy get Iraqy Dinar. I'm the BIL that bought the mil for $600. I am betting that in about ten years the Iraqy Dinar will be at about the same rate as the Kuwaity Dinar (3.3695). You have to remember that Iraq has the Second largest oit reserve in the world. All of the U.S. men and women that are over there are rebuilding Iraq. That should tell you something!

My mom is still in Iraq and could possible get some for those takers.
 

Cody

Random Quote Generator
Supporting Member
Location
Gastown
the place that I found the best price on offers a certificate of authenticity, is licensed with the us treasury, and has a very detailed list of the security features of the new bills. They also say they send you uncirculated bills.

Cody
 

MattL

Well-Known Member
Location
Erda
Cody said:
the place that I found the best price on offers a certificate of authenticity, is licensed with the us treasury, and has a very detailed list of the security features of the new bills. They also say they send you uncirculated bills.

Cody

Linky? (please)
 

Cody

Random Quote Generator
Supporting Member
Location
Gastown
yeah, it's a risk, but the potential for return is huge. Most investers would warn you away from these "too good to be true" investments. These are the same investers that more or less convinced me not to buy XM radio when it was 2.00/share. Any high potential gain has hihg potential risk. Microsoft was a risk, ebay, aol, etc. etc. were all investments to 'stay away from'. Just a matter of picking that one that works out for you.

But yes, the economy and political clilmate in Iraq is extremely unstable--just like it wasin Japan in the 40-50's, and Quwait, and lots of other post war economies. The currency, the economy, or the government could all end up in the crapper and you could loose your investment. I think there is more positive there than we are let on to believe.

But, like I said, I spend money in wendover/vegas and other casino's that have generally a much lower possible return (I play table games). If I drop a couple hundy on this and loose it all, I can live with that. If I don't, and this works out and I would have made a good amount of money, I won't be able to live with that.

I"m not dropping my nest egg, just a couple hundred that I can spare--and right now I don't have anything to spare so I have to wait till my tax return. I have to pay some people back before I can justify investing......

Cody
 

Cody

Random Quote Generator
Supporting Member
Location
Gastown
I don't believe the new iraqi dinar is available for international exchange yet...read that other link on the first page--it has lots of information about the risks involved.

Cody
 

koonsdawg

Registered User
Location
Centerville, UT
I bought mine from www.gidassociates.com I ended up paying $790 for 1 million dinars. LIke Cody said they have a lot of security features on them so you can tell they are real. They have better security features than our money. My favorite one is the UV ink they use. If you put the 25 and 10,000 denomination under a black lite you will see a UV box.

I'm thinking in 3-5 years we will be able to trade them on the foreign exchange.

Here is a dinar Forum if you guys are interested.

Dinar Forum
They have a lot of good information on there. Like how to set up an Iraq Bank account and how to invest in the Iraq stock market.
 

BBowski82

What are you looking at?
Location
Haubstadt, In
Let's say I buy a million of these Dinar....If the currency totally goes flop can I count it as a loss on my taxes? Without it really being an 'investment' I am not sure....
 

koonsdawg

Registered User
Location
Centerville, UT
I might be able to talk to the guy that I got mine from and see if he will send them without a processing fee. So it would be an even $790 for a million. I didn't have to pay a processing fee.
 

Kris K

4x4 Addict!
Location
Heber City, UT
koonsdawg said:
I might be able to talk to the guy that I got mine from and see if he will send them without a processing fee. So it would be an even $790 for a million. I didn't have to pay a processing fee.

If you could ask him that would be awsome. You got yours from GID Associates right??
 

koonsdawg

Registered User
Location
Centerville, UT
OK guys here is where he said to go and get them. He sales them on eBay as well. Here is a link to buy his Dinars on eBay. When you check out please tell him that Brandon sent you. He will not charge a processing fee and shipping is included. $790 for 1 million Dinars.
Thanks,
Brandon
Buy Iraq Dinar on eBay
We're all gonna be filthy rich some day. And we can all go and buy sweet rigs.
 
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Spork

Tin Foil Hat Equipped
Guy at work has done this. He's bought a million for all his kids. I talked to him a bit about it and he says about the only bank close by that you can exchange it right now is up in Idaho.
he gets his through http://safedinar.com
It's COD for delivery.
 
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