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Message
Thoughts on Iraqi Dinar ..........
Posted on 4/22/17 at 3:40 pm
Posted on 4/22/17 at 3:40 pm
Will it ever revalue ? ...I never thought it to be a scam as you can still exchange the currency and get most of your money back. Now there are some out there making lots of money selling the stuff with the mark ups and that I don't agree with . Iraq seems be making a comeback. Huge city building projects , a central bank etc .It would seem at some point it will be worth more than 1000 to 1 US dollar . Dumb investment or not ? Asking for a friend ....
This post was edited on 4/23/17 at 3:12 pm
8
Posted on 4/22/17 at 3:57 pm to DreauxB2015
id rather buy the stock tips in the penny stock thread than invest $1 in dinar
Posted on 4/22/17 at 4:01 pm to Shepherd88
Thanks for your highly intelligent response .. Ill take all you've added to my post into deep consideration while explaining to a friend ....Thanks 
This post was edited on 4/22/17 at 5:07 pm
Posted on 4/22/17 at 4:04 pm to DreauxB2015
long term , you really believe it will stay 1000 to 1 US dollar? ...Barring a nuke apocalypse it will eventually rise . Even a penny you can make money....
Posted on 4/22/17 at 4:26 pm to DreauxB2015
quote:
Even a penny you can make money....
you keep thinking that.....let me know how your investment unfolds
Posted on 4/22/17 at 4:36 pm to dabigfella
2,000,000 IQD X .01 = $20,000 USD....Presently its something like 0001120. Thats it at .01 imagine .50 or 1.00 ...Not sure how your math works but If that 2 million IQD cost you $2000 than my math says that a nice profit.... Explain why it isn't ?....My friend wants to know hehe
This post was edited on 4/22/17 at 4:43 pm
Posted on 4/22/17 at 4:50 pm to DreauxB2015
quote:
per say
Posted on 4/22/17 at 4:50 pm to DreauxB2015
bc your friend is an idiot, thats the end of the conversation, tell him to buy some dinar since its such a simple,surefire trade and let us all know how it works out.
Posted on 4/22/17 at 4:55 pm to DreauxB2015
quote:
Thanks for your highly intellagent response
Lol
Posted on 4/22/17 at 5:06 pm to dabigfella
Typical response from someone thats confronted with simple math that makes sense and has no answer why its not ... You don't believe it can happen and will ridicule others for your beliefs even when basic math proves your the idiot . Its a risk , one you obviously are against / Now back to my original question .. Why would it be a bad investment ? Instead of answering you decide to ridicule with no intelligent responses .....
This post was edited on 4/22/17 at 5:08 pm
Posted on 4/22/17 at 5:06 pm to DreauxB2015
Have you even tried to convert it back to the dollar dude? The currency game is for hedge funds playing arbitrage and is done by algorithms..
Posted on 4/22/17 at 5:09 pm to Shepherd88
Yes , from the same people it was bought from at a sight lower rate and your point is ...
This post was edited on 4/22/17 at 5:11 pm
Posted on 4/22/17 at 5:13 pm to DreauxB2015
What Dabigfella is trying to say is that it is not a smart investment given the current unsettling events in Iraq and areas around it. Look at Venezuela... sure you could have gotten 1000 to 1 about 6 months ago.. now its even worst. Things can always get worse... smart investment, no; but if you want to throw your money away, go for it.
Posted on 4/22/17 at 5:14 pm to DreauxB2015
My point is you lost money dumbarse
Posted on 4/22/17 at 5:18 pm to b-rab2
I understand what he was trying to say but why ridicule someone for asking a simple question ? Isn't this what this board is about? People looking for advice but instead get called an idiot .Have you seen what IRAQ is doing these days ? The Oil there sitting on top of . What there building ... Mega cities , there also about to reclaim Mosul from ISIS . Just saying , its hard to imagine there currency with stay 1000 to 1 USD . Kuwait was a good example of what can happen with currency . Its a risk , I get that ...
This post was edited on 4/22/17 at 5:20 pm
Posted on 4/22/17 at 5:23 pm to Shepherd88
If you think it will always be .000120 to 1 USD than I think your the dumbass . History proves you wrong over and over .
Posted on 4/22/17 at 5:36 pm to DreauxB2015
quote:
If you think it will always be .000120 to 1 USD than I think your the dumbass
I agree, it will most likely get much less
Posted on 4/22/17 at 5:42 pm to DreauxB2015
quote:
Will it ever revalue
There may be reasons to speculate on the dinar but revaluation was definitely never one of them.
People who believe in the revaluation idea are basically saying that the Iraqi Central bank has both the means and the political will to give away boatloads of money to foreigners just because.
This post was edited on 4/22/17 at 5:44 pm
Posted on 4/22/17 at 5:42 pm to Tigerpaw123
Yea , because thats how it was before the US fricked them up huh ? In cased you missed it , Iraq is building and sitting on billions of barrels of oil . So , Um they have no where to go but up bub.....
This post was edited on 4/22/17 at 5:46 pm
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