Quote Originally Posted by activedenial
Maybe the dinar will go up a little bit. I was thinking about investing. I keep on holding off because of the escalation in the civil war. The payoff will take years or never.
Don't be so sure about that. Out of 120 billion debt they have recieved 80% to 100% debt forgiveness on 80 billion of it. The 40 billion remaining is with the GCC states. Saudi Arabia has already agreed to forgive 33 billion of this.
Remember also, with Kuwait, their currence was at 3.29 U.S./1 Kuwait Dinar...after the Iraq invasion and liberation it was drove down to .10 U.S. Within a two year period it was back up to the old value of 3.29.

The people in the past that had the cash was the Sunni. Now with the change, it's going to be more evenly distributed thoughout the country because of where the locals of the oil field are. One way to appease the Sunni would be to get their currency back to old values so the once rich are back in the saddle.

I have 5 million in my safety deposit box....been there since April of 2004. I've waited this long and surely can wait longer.

Have a good one!:thumbsup: