Why would you want to open an Iraqi Bank account at this point? Wait for western banks to accept exchanges, then there will be more than a few to choose from with branches outside of Iraq as is happening as we speak.
Personally, I would rather wait until they finally do make the currency official before any sort of investment. I definitely don't need anymore paper to use as kindling.
Personally, I would rather wait until they finally do make the currency official before any sort of investment. I definitely don't need anymore paper to use as kindling.
Funny,
The whole point of not waiting is for the potential return when the value, or PEG, is set, and rest assure, it will be set at some value, we just don't know at what value yet, but it certainly can't be less than it is now, nearly the lowest in the history of Iraq, up from when it was first introduced, and up on secondary market already, so we will see.
It is like having the winning lottery ticket, you just don't know when the drawing will be. Wait, that is a good one, like saying, I'll wait for the lottery drawing, then I will know the winning numbers and buy a ticket. LOL To each their own, no risk, no reward, and for $30.00, it could be a $5,000.00 lotter winner someday.
Yes, it has, because it is ancient history, old information which means nothing since democracy, constitution overwhelmingly voted in by 78% and millions turning out to vote, so you are going to post old information, it does no one any good. Look under current events if you are trying to be useful. As example, second largest oil reserves in the world are in Iraq. The finest grade oil, meaning less costly to refine than anywhere else in the world. The largest production month in the history of Iraq in September, 2005 and growing. Largest revenues in history reported, and going to the people, not Saddam. Free enterprize booming behind the scenes which makor news media would not want to report as they are Bush haters, so what you really need to know is not going to be found in a three year old opinion in article you posted. We'll just have to wait and see, but the so called experts on issue today are a far cry different from even a month ago. LOL
Yes, it has, because it is ancient history, old information which means nothing since democracy, constitution overwhelmingly voted in by 78% and millions turning out to vote, so you are going to post old information, it does no one any good. Look under current events if you are trying to be useful. As example, second largest oil reserves in the world are in Iraq. The finest grade oil, meaning less costly to refine than anywhere else in the world. The largest production month in the history of Iraq in September, 2005 and growing. Largest revenues in history reported, and going to the people, not Saddam. Free enterprize booming behind the scenes which makor news media would not want to report as they are Bush haters, so what you really need to know is not going to be found in a three year old opinion in article you posted. We'll just have to wait and see, but the so called experts on issue today are a far cry different from even a month ago. LOL
Good luck to all, Mike
Well even so much of the information still hold true even after more recent events. And i still believe that Iraq is years away from being at a point where it'll even think about having it's currency tradable against the USD. Anyway good luck to you.
Re: Iraqi Dinar investments
ref link removed
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