Iraqi Dinars

[e-thug]

A kind of newbie question. But if you have physical iraqi dinars, long term are you charged interest?

Just wondering if anyone has thought about this speculative buy and hold.

Where can you find the exchange rate, I think it's fixed.

Banks don't trade it.
It has little to do with FOREX.

But it may soon be a big player so I may as well ask. How can you invest in Iraqi Dinars, what are the costs, and do you folks think its worth it or have ever looked into it?

 

[late apex]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=49104

Welcome to ET, e-thug! To get the most out of it, you'll want to take advantage of the Search function at the top right.

Currently around 1,475 IQD/USD, based on http://www.cbiraq.org/cbs6.htm. ("Sweetish" Krone, anyone?...) The rate has changed little over the last year.

 

[marketsurfer]

Quote from e-thug:

A

But it may soon be a big player so I may as well ask. How can you invest in Iraqi Dinars, what are the costs, and do you folks think its worth it or have ever looked into it?

yes, its worth it.

good luck,

surfer

 

[uninvited_guest]

The CAD (Canadian) is the hottest currency on the market today. On its way to par with the USD.

KISS = Keep It Simple Stupid

Don't complicate things with the Iraqi Dinar.

 

[achilles28]

Quote from marketsurfer:

yes, its worth it.

good luck,

surfer

Can you elaborate for those of us in the dark?

 

[agin1415]

Quote from uninvited_guest:

The CAD (Canadian) is the hottest currency on the market today. On its way to par with the USD.

KISS = Keep It Simple Stupid

Don't complicate things with the Iraqi Dinar.

Keep it even more simple EURO/USD.

 

[uninvited_guest]

Quote from agin1415:

Keep it even more simple EURO/USD.

How would that be more simple than USD/CAD? CAD and Iraq Diner could both be considered oil currencies with the CAD being more stable.