Quote Originally Posted by medicinal
So let me get this straight, for a thousand bucks, I can get 1,259,000 Iraqi Dinars? And if the war goes south, like it's going I'll lose a thousand bucks. But if some miracle occures like the Kurds and sunnis and shiites all start holding hands and singing kumbaya, I could get rich. Jeeze even with my negative thinking that is about as good as buying a thousand lotto tickets! Where do I buy them, at a bank?
The banks that WERE selling are doing nothing but buying now for "some odd reason" You can still purchase off from e-bay but be carefull that they are actually NEW Iraqi dinar and NOT the Saddam Dinar.

As for myself, I HIGHLY recommend this site:
IraqPaperMoney supporting Investor's Iraq Forum

Every bill that I have recieved I checked for authenticity and there has been NO PROBLEMS with either that or delivery. IF you do decide to go with this I'd recommend buying in the smaller demoninations. The tax code states that anything over $10,000 has to be reported and if cashed in within a one year period it's considered a short term investment taxable by 28%...over a year is 15%. With the smaller denominations you could cash in LESS than the $10,000 at a time and save yourself the tax. Oh yeah, as far as them changing currencys.....this one is the most protected as far as security features in the world today. Even more secure from forgery than the Euro.

I've been following this since 04-03 and it's NOW not a matter of if but when. Debt has been reduced to almost nothing not to mention ventures in oil and gas developement. Also, the region wants Iraqs currency to be put more in line to create a better trade enviroment.

If there is any other info ya want.....we can either discuss it here or through e-mail. Just remember....EVERYTHING in life is a risk! It's just that now with the U.S. pushing for their "economic plan" to be passed along with the oil bill....this is looking more promising than ever! Hell, I invested when the CPA was still in control.

Have a good one!:s4: