what's the dinar based on?

[tacmedic]

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.

[lightrays-dinars]

I think the exchange rate is still 1475.

Buy yours quick before r/v. I heard that in January, the demand is going to be higher than the supply. So the dinars might go up soon.

It does not matter which denominations you hold, they will all be exchangeable in the future. Good to get a combination of 25k, 10k and 5k as they have much higher security features than smaller ones.

Hope that helps.

[patrobertson]

do yourself a favor and think for yourself. do your own research. come to your own decision. AND GO FROM THERE ON YOUR OWN. i have heard it will hit this month for years now...lol...lol...lol...

NO ONE KNOWS!

the ONLY thing i know is i believe it will some day make me and my family... filthy rich. and if not... what am i out... not that much... but what did i have to gain? to chance to change my future as well as my childrend future.

think for yourself

[Tenndinar]

Buy what you can afford, its your choice. I could only afford to buy about 5 million right now because I am in the process of buying a house. If I wasnt I would buy alot more. All I know is, its not a matter of if, its a matter of when. And Im willing to wait forever, because my job is not going to make me the kind of money this can. This could be my once in a lifetime chance and I jumped on it.
-David

[BABYBULL24]

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.

Since you are in Iraq - what do you think? Is the country falling apart - civil war iminent, is the security getting better, do the Iraqi's have hope for the future. People sitting on their couches 5000 miles away think they have better information then you -they dont. What does your gut tell you & go with that.

Stay safe.

[firedog25]

I don't really call it an investment, I call it a gamble. However one that is VERY worth the risk vs. gain. It sounded so good in passing that I got two other co-workers involved as well.

[red42]

Usd is fiat iraqi dinar is fiat

it's value is based politically and depending on people's confidence in it

or in God we trust if ya will