Quote:
Originally Posted by adendreams
Some very uneducated guesses in here about the Dinar.
Even if they knocked zeros off and made it 1 for 1 even value with the dollar - Iraq has massive wealth and even more massive potential wealth, very likely that it would zoom up quickly in relation to the Dollar.
Hint - hold on to your notes if you are lucky enough to have some
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You want appreciation not reevaluation. The Euro was .75 or so per dollar and moved to about 1.30 per dollar. So a US person who bought Euros and then re-bought dollars would have almost doubled his money.
Why not buy an ETF for Iraq? Oops there isn't one I could find. Ok buy Dinars.