I was talking with someone today about the subject of investing in the dinar. He suggested that the value of the dinar will be based on, or backed by the usd. What will determine the value of the dinar in the future? I know after the the first war, people invested in Kuwait. Is the assumption that the dinar will increase in value like the currency did there? What is everyones opinion on what the dinar will be worth in one, five and ten years? I know that's a difficult one to predict.
I began researching and discussing this investment today, so if I sound as though I have no idea of what I'm talking about, it's because I don't.
How much are you paying and where is everyone buying the dinar. I have access to a CBI location and can get the dinar for the current exchange rate. I was considering 1,000,000 dinar initially, about 700 to 750 usd is what I was told today. Also, is it better to get certain denominations of the currency? Thanks ahead of time for the info and be patient with me, I'm a complete newbie with all this. I'm looking forward to learning with all of you. Take care.