Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 
 

 12 Years Ago In Dinarland: Buying Iraq Dinar (dollar)?

View previous topic View next topic Go down 
AuthorMessage
RamblerNash
GURU HUNTER
GURU HUNTER
avatar

Posts : 7857
Join date : 2015-02-19

PostSubject: 12 Years Ago In Dinarland: Buying Iraq Dinar (dollar)?   Sun Mar 27, 2016 11:18 am

10-06-2004, 02:38 PM   #1    
broncobirdy
Senior Member

 
Join Date: Oct 2003
Location: Chesapeake, VA
Posts: 3,616
Buying Iraq Dinar (dollar)?



Anyone thought of buying any. The rate I heard today was 3 million Dinars for 2000 USD. Now before anyone flames me for promoting my own agenda I haven't bought any. I just find the idea curious. Any feedback? I am not interested in talking about why we should or should not have invaded Irag (non political discussion). Just want speculative thought on foreign currency. At the very worst is you lose out on 2000 USD. I was told that the rate 2 years ago for Dinars was 3.10 to 1 USD. Not sure if thats true. Thanks
__________________
1992 Grady White Overnighter 206G
 
10-06-2004, 02:48 PM   #2    
Kamper
Senior Member
 
Join Date: Feb 2003
Location: Thornton's Ferry,NH,USA
Posts: 10,338
RE: Buying Iraq Dinar (dollar)?


Buy all you want. They'll print more.

Good luck!
 
10-06-2004, 03:23 PM   #3    
Garett
Senior Member
 
Join Date: Feb 2003
Posts: 23,759
RE: Buying Iraq Dinar (dollar)?


It's a valid thought. There's probably little doubt that their dollar is weak because of all the turmoil. As I said, "it's a valid thought".
 
10-06-2004, 05:57 PM   #4    
Bullshipper
Senior Member
 
Join Date: Sep 2003
Location: CA & San Carlos, Mx
Posts: 17,917
RE: Buying Iraq Dinar (dollar)?


You have this backwards.
We are pumping dollars into their economy, which means the the dinar should be gaining, not losing ground.
And I wouldn't be surprized if the new government came out with a new currency, making those dinars completely worthless.
Lived in Mexico for 25 years, always held dollars, not pesos, real glad I did.
 
10-06-2004, 06:23 PM   #5    
24 Albie
Senior Member
 
Join Date: Jun 2002
Location: Camden, NC
Posts: 207
RE: Buying Iraq Dinar (dollar)?


Having traveled to about 30 different countries in the past 23 years thanks to Uncle Sam, I have only seen the yen and the franc hold there own to the dollar. The other countries just waited until the exchange rate got extremely high then changed the denominations. Point in case. Turkish money was 1800 to 1 USD in 1990, then in 2001 it was 3,500,000 to 1 USD. It was always better to deal in greenbacks. Give the Iraqi's awhile and they will end up burning their monopoly money for something different. Just my two cents...
 
10-06-2004, 06:43 PM   #6    
Kamper
Senior Member
 
Join Date: Feb 2003
Location: Thornton's Ferry,NH,USA
Posts: 10,338
RE: Buying Iraq Dinar (dollar)?


Quote:
Bullshipper - 10/6/2004 6:57 PM*... And I wouldn't be surprized if the new government came out with a new currency, making those dinars completely worthless. ...
The Western Allies did this in their occupation zones in Germany. If you had cash you could convert up to a certain amount at the official exchange rate. Then there was a second tier exchange rate for another amount. Everything in your pocket*after that was so much wall paper.*Bank accounts were temporarily frozen and received more generous treatment. I dont know what this did to foreign investors but by then I'm sure only long-shot speculators*carried the mark in their portfolio.

Another example of*monetary reform: Brazil has changed their currency four times since about 1980 to reduce the number of zeros caused by nasty inflation. It went something like this... Cruzados to *Crusados to Kruzados to Krusados. It's all still legal currency but*one million Cruzados is probably worth .0001 Krusados so you arent going to buy much with it. (Dont hold me to the names or sequence but I'm pretty sure it was only four times.)

The Mexican peso hasnt changed anything except the number of zeros. If you have any old coins from our southern neighbor the scrap metal value is greater than their face value. Probably the same with a lot of old paper currency too. It's amusing to have a coin that says*500 anything to show kids.

You should ask an investment counselor,*or at least your bank, before buying foreign currency as an investment. At*minimum they can help you be certain*that you arent getting counterfeit.

I dont claim to*know squat about investing. I've just been exposed to some odd historical information over the years.
 
10-07-2004, 08:06 AM   #7    
Semi
Senior Member
 
Join Date: Apr 2004
Location: Fayetteville, NC
Posts: 1,339
RE: Buying Iraq Dinar (dollar)?


Get yer Dinars now before Saddam's face disappears from em! I got a bunch in 91 worth 25 dinars, which was worth I believe $.2 at the time.

The current exchange rate on dinars is
1461.0000 - $1.00

but...funny enough, a Kuwaiti dinar is at 0.2950 - $1.00

http://www.fms.treas.gov/intn.html
 
10-07-2004, 03:22 PM   #8    
A Few Dollars
Senior Member
 
Join Date: Oct 2003
Posts: 53,971
RE: Buying Iraq Dinar (dollar)?


Semi is right, the exchange rate is now around 1400 Dinars to 1 US Dollar. Right before the first gulf war it was about 4 dinars to 1 US Dollar.
__________________
Question for brewhead
Realscreamer69
Which idiot told you that CO2 only makes up 0.039% of the atmosphere?
Brockville
AND .50 kwh IS A GOOD PRICE, BUT I'M SURE YOU ALREADY KNEW THAT
mronzo
Hey "Mr. Economist" These companies make BILLION$ and can certainly afford to pay workers more!
RedBank Steve
I'm anything but a racist. Why can't they hire a few AMERICANS here and there. Oh, that's right, they might have to pay them a living wage. Sorry about that.
Don't ask me how I know. I just do.
Colbachlaw
9 of the 10 hottest years for the entire planet have been in the last 10 years. Do the math, if you can.
 
10-08-2004, 04:22 AM   #9    
marti
Senior Member

 
Join Date: Jun 2003
Location: purmerend holland europa
Posts: 2,736
RE: Buying Iraq Dinar (dollar)?


You guy's can better buy Iraq(LMAO) with all the money spent overthere.
__________________
greetings from Holland marti
 


http://www.thehulltruth.com/dockside-chat/31906-buying-iraq-dinar-dollar.html
Back to top Go down
View user profile Online
Ponee
Admin
Admin
avatar

Posts : 33826
Join date : 2011-08-09

PostSubject: Re: 12 Years Ago In Dinarland: Buying Iraq Dinar (dollar)?   Sun Mar 27, 2016 11:25 am

Quote :
Quote:
Bullshipper - 10/6/2004 6:57 PM*... And I wouldn't be surprized if the new government came out with a new currency, making those dinars completely worthless. ...

That has been my thought all along

*****************
Back to top Go down
View user profile Online
Jayzze
VIP Member
VIP Member
avatar

Posts : 4904
Join date : 2011-06-23

PostSubject: Re: 12 Years Ago In Dinarland: Buying Iraq Dinar (dollar)?   Sun Mar 27, 2016 6:35 pm

ponee they could but since theowe the world bank and other countries money they borrowed they cannot
Back to top Go down
View user profile
RamblerNash
GURU HUNTER
GURU HUNTER
avatar

Posts : 7857
Join date : 2015-02-19

PostSubject: Re: 12 Years Ago In Dinarland: Buying Iraq Dinar (dollar)?   Mon Mar 20, 2017 6:34 pm

**BUMP**
Back to top Go down
View user profile Online
 
12 Years Ago In Dinarland: Buying Iraq Dinar (dollar)?
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: CHATTER from DINARIANS-
Post new topic   Reply to topicJump to: