You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Speculate on Iraqi Currency! [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-10-04 11:41 PM
Original message
Speculate on Iraqi Currency!
Advertisements [?]
I can't vouch for this site, but it seems interesting:

In 1991, the Kuwaiti dinar's value fell precipitously from over
USD$3 to near worthlessness. It rapidly shot back after liberation.

Anyone who acquired Kuwaiti dinars at the low point, was soon
able to cash in for many hundreds of times the purchase price. It all
happened so fast, most of the world never even had a chance at getting any.

After years of trade sanctions, and rampant counterfeiting, the Iraqi Dinar has plummeted from its pre-Gulf War value of over USD$3, to mere fractions of one US cent. What was once the equivalent of more than $82,500, can now be purchased for around $50.

http://www.betoniraq.com/index.html



The thing that bothers me is that it looks like they mail you the paper currency. I would prefer to open an account with a fixed market, Not recommending it, but it's an interesting idea. It's very high-risk but potentially high reward.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC