Quote:
Originally Posted by Slutboat
Don't be fooled by sellers trying to make hundreds of dollars off of you for a single sale. This is a currency, there is an exchange rate just like any other currency.
When the revalue happens don't be left behind - you don't want to hear the Slutboat I told you so right?
Potential profits could be 100x - 1000x or more.
Some sellers are jacking people so beware - would you pay $1,560 for 1 Million Dinar from Dinarbay? And buy it through ebay? huh?
No - the real price and the safe and correct way is to buy it from Ali and Dinar Trade (the most reliable Dinar seller) for $1,260
http://www.dinartrade.com/order.php |
Both dinartrade and dinarbay and many more are way overcharging ...
You may also wish to consider some of the following info... (IQD = Iraqi Diner)
Iraqi Ministry of Finance –“ Iraqi Customs does not permit the entry of IQD currency and will confiscate funds, and that FedEx is not permitted to handle and deliver IQD currency in or out of Iraq”.
U.S. Servicemen, and contractors in Iraqi purchased paper Dinar in anticipation of what appears to be an impending revaluation, they may have overlooked the fact that Iraq currency is a national currency only to be used and handled within the Republic of Iraq and not to be used, circulated, or handled internationally in any way.
and this from a serviceman there...* (Its long but worth the read for any investor )
Wed Dec 29, 2010
" I am currently located inside of the Green Zone in Iraq and no one carries the actual currency on them. Most of us have transfer accounts because of the conditions and lawful restrictions that come with this currency. It states that the currency cannot be handled outside of Iraqi borders. Understandable, if you note that the currency is presently deemed non-legal tender at this point. Which coinsides with these statements. It, at this point, is not tradeable currency in the world which makes it useless and unlawful to possess, move, or handle outside of their country at this present time. For example, such a law might outlaw the use of foreign coins and bank notes, or require a license to perform financial transactions in a foreign currency. In this case, it means Iraq. I believe, when the currency is formally introduced into the world market, anyone with the actual paper currency in their possession will have to provide documents showing the purchase of that currency AFTER officially being accepted into the world market. Without these documents, the Iraqi Dinar can very well be confiscated from the possessor at that very moment. That's my take on the situation because it happened in Kuwait years ago, and I don't think Iraq is gonna fall for the same mistake that their counterparts fell for without having some stipulations. "
Seems a very very risky investment in my view ?