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  1. #1
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    Finance. Iraqi dinar. scam or not?

    Anyone knowledgable in currency exchange?

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    Its a scam. Google it and you will see.

    I bought a few thousand in Dinars about 5 years back. I consider that money gone.
    Click here to enlarge

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    if you got the saddam currency with his face on it i herd that was the scam selling the old useless bills. but my 5/3 bank by my house will exchange us bills for iraqi

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    you know what? I dont even remember. I have them stashed at my father-in-law's safe. Maybe I should get them and take a look.
    Click here to enlarge

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    Why would anyone want to invest in Iraqi currency? Monopoly money is probably more stable... and valuable.

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    Well seeing that has very little value now it shall only go up.

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    Click here to enlarge Originally Posted by 600whp S4 Click here to enlarge
    Well seeing that has very little value now it shall only go up.
    Unless there is a regime change...

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    I bought Iraqi money about 8 years ago. Anything is a risk when you're dealing with currency. But Iraq is in such a $#@!hole right now i got like 250,000 dinars for 170 bucks back then. Since its an oil rich country it is bound to become a successful exporter if the 'regime change' goes well. And that is where said risk is, guessing whether or not the ragheads rape Iraq into the dark ages or US succeeds in the regime change for good. Even if the country gets raped again, it will still be a large exporter of oil and that means currency will be worth something, even if it goes up a litlte you would have made a good wad.
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


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    its a scam, it used to be worth 3x the USD.

    funny story, i was about 2 weeks away from being "hella" rich. we all had tons of ID -iraqi Dinar, on our float home from Iraq in '03, since we were an invasion force and not occupation force, most marines only stayed a few months.. so on our way back the exchange was still rising, we were all excited because we were headed to portugal on our way back home. our first stop off ship was going to be a currency exchange.. we all had it fgured out how much we were gonna get. i myself was about to have $128k.. which was about 7 yrs worth of pay to an E-3 in the USMC at the time..


    BUT then about 3 days before we docked, it took a $#@! and wasnt worth .30 cents...

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    The only scam is where you get the money from. If its fake money its a scam, if its real money its just not worth a lot right now. And you have to wait a long time before Iraq starts to become economically stable via oil export.
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


    Click here to enlarge

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    Click here to enlarge Originally Posted by DBFIU Click here to enlarge
    The only scam is where you get the money from. If its fake money its a scam, if its real money its just not worth a lot right now. And you have to wait a long time before Iraq starts to become economically stable via oil export.
    but they have been through a few different version of currency though, and i doubt that we are at the final version

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    Get zimbabwe money, you can get 1 billion for one penny USD.
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


    Click here to enlarge

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    Since the Iraq Dinar is not a globally traded currency (the only way to obtain it is in actual bills unlike other currencies that can be bought like a stock) if they change the current currency bills, I believe you would actually have to go to Iraq (in person) in order to change it for the new bills, no? Otherwise, you'd be $#@! out of luck... I dont think currency exchanges and banks outside of Iraq would change the old currency for the new to the public....

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    Click here to enlarge Originally Posted by GT3 Click here to enlarge
    I believe you would actually have to go to Iraq (in person) in order to change it for the new bills, no?
    What a great vacation that would be.

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    1 out of 1 members liked this post. Yes Reputation No
    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    What a great vacation that would be.
    I heard that place was exploding with entertainment. I even heard from my friend that it was as exciting as being in the middle of a gunfight.

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    Click here to enlarge Originally Posted by SlicktopTTZ Click here to enlarge
    I heard that place was exploding with entertainment. I even heard from my friend that it was as exciting as being in the middle of a gunfight.
    Click here to enlarge

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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    What a great vacation that would be.
    tax free income though Click here to enlarge

    Click here to enlarge Originally Posted by SlicktopTTZ Click here to enlarge
    I heard that place was exploding with entertainment. I even heard from my friend that it was as exciting as being in the middle of a gunfight.
    lol, your on a roll today huh Click here to enlarge

  18. #18
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    Click here to enlarge Originally Posted by SlicktopTTZ Click here to enlarge
    I heard that place was exploding with entertainment. I even heard from my friend that it was as exciting as being in the middle of a gunfight.
    lmfao...

    I also heard that place was a blast!!


    Speaking of which that reminds me.

    Of those 3 'educated' college kids that wanted to go hiking in Iraq or some $#@!. They wanted to 'see the landscape and learn new cultures'.

    LMFAO, they got captured by Iranian national guards (because they were too close to the Iranian border) and are still in Iranian prison, its been like over a year.

    LOLOLOLOLOLOL

    LEARN NEW CULTURES, LETS GO TO IRAQ IN THE MIDDLE OF A WAR...


    LIBERAL FAIL
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


    Click here to enlarge

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    Wow, I've heard of people making stupid decisions, but really?

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    They are probably getting cock-meat sandwiches Click here to enlarge

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    Click here to enlarge Originally Posted by GT3 Click here to enlarge
    They are probably getting cock-meat sandwiches Click here to enlarge
    But dude as much as I think the Iranian gov is $#@!, I can't blame them for this.

    "Why the $#@! are you walking around in our country?"

    $#@! this time, it isn't their fault.






    I hear cock mean isnt so bad in those parts of the world.

    Has a hint of camel dung lulz
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


    Click here to enlarge

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    So yeah will the dinar ever rise to make a big enough profit? I have a extra g laying around so im really thinking about it.

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    I was also thinking about getting my million dinar in in $5 bills and then if it never raises sell them as $1 souviners

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    Click here to enlarge Originally Posted by 600whp S4 Click here to enlarge
    So yeah will the dinar ever rise to make a big enough profit? I have a extra g laying around so im really thinking about it.
    IMO it will rise to make a good profit. But as others have said the actually currency tender is changing and you have to buy the cash.

    Why wont it rise? Do the math, big ass country, lots of infrastructure, oil reserves up the ass = something has to happen

    I am confident the money will be worth something after $#@! settles down in 10-20 years.
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


    Click here to enlarge

  25. #25
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    Click here to enlarge Originally Posted by DBFIU Click here to enlarge
    I am confident the money will be worth something after $#@! settles down in 10-20 years.
    If the middle east isn't glowing in the dark.

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