Friday, September 19, 2008

Any Valid Guesstimate When Revalue Will Occur? Within Week, 30 Days, Etc.

RE: Iraqi Dinar; Any Valid Guesstimate When Revalue Will Occur? Within Week, 30 Days, Etc.

The economy and government in Iraqi is on an upswing but their dinar was artificially lowered when Sadam was in power. There is strong indications it will be revalued but that has been going on for over two years. Just thought someone might shed some valid ideas on this subject.

Answers



Hello, I have purchased and resold the new IQD on Ebay several times. I have been staying away for the past few months because of the instability of the Iraqi government. The IQD continues to rise in value, however. The thing that you need to be concerned about is that when the Iraqi government takes over completely, they will probably change their currency. Any investors holding IQD will have to send in the bills to the Bank of Iraq or a dealer in Iraq to exchange for the new money, too much hassle for me and you will probably lose money. My advise would be to sell off what you have between now and summer 2008, look into other foreign currencies such as Vietnam Dong, and invest in gold and silver bullion. I just happen to have those items on my Ebay store (hehe). I will be listing more items this weekend. Thanks, Mike

8 comments:

Anonymous said...

and why do you feel it will revalue by the end of Jan 2009? Do you think it will rv befor that?

Dave said...

Look at the date of my post, I think all of you guys were wrong! It has still not RV'd. I say there is no way to know untill it is officially announced! If you invested you took a risk, just as I did, no risk no reward though right! I am omptimistic but lets say even if it took 5 years to RV at .33 - 1 USD thats an ROI of 2,000% per year, that being said it may not take that long but even if it did that would totally rule considering stockbrokers are happy to see a measly 15%/year ROI. I will hang on to my 100,000 Dinar if it RV's I will not be a millionaire but if it doesn't I only wasted $150.00 USD. Big note to anybody ANY TYPE OF FOREX IS RISKY, don't mean to yell but people need to see the reality. That being said if there is potential risk there is also potential REWARD trade at your own risk!!!

anonymous said...

Me and my family have been holding dinar for 2 1/2 years now. It will happen before the new year, if it doesn't Malaki will not be reelected and I believe as well as many others on a chat site that this will actually be the end of this revalue of the dinar. But i'm almost positive that this will happen before the end of september of 09. And whoever says that its a hassle to cash your money for this investment is wrong, you can do it at a federal bank, like bank of america or chase bank and etc. Theres a lot more that goes into this investment and if you want to actually know whats going on I suggest you actually research and study up on this so you know and understand whats going on before listening to people talk about it that do not understand whats going. This is all just my opinion, but I get all my info from some extremely smart people that are also investors of dinar, and also from one of the most well known person that helps everyone in chat rooms.

Mr Lim said...

I have just paid for 2,000,000 Iraqi Dinars (dinners huh, LOL!) recently. A rumour from market intelligence claimed the new government of Iraq was demanding for 1 dinar to be revalued at USD3.40 but "some wise guys" wanted 1 dinar to be revalued at USD1.46 for good. There might be a possiblity for all parties concerned to be revalued at USD2.50 to be fair and equal on all sides. The new government could not afford to keep procrastinating to build her economy because it could affect her re-election on polling day. If we cannot afford so much to buy more than 1,000,000 Iraqi Dinars, just simply buy less to keep temporarily. Is it costing us a bomb to try S$200 or less based on the current exchange rate of that day we'd buy to get 5 notes of 25,000 Iraqi Dinars each which totalled up to 125,000 Iraqi Dinars. If we lose, just change them all back to Singapore currency at a small loss but if we win, LOL! The revaluation of Iraqi Dinars may happen very soon. What if the revaluation date for this year 2009 is true? Those stingy sceptics may squeeze their balls for allowing such a great opportunity to slip away once in their lifetime.

Mr Lim said...

Next polling day of Iraq could be around year 2010. Revaluation of Iraqi Dinars @USD2.50 is highly possible in the near future as rumoured by market intelligence. Let's hope for more once in our lifetime.

Mr Lim said...

Just fancy buying 1,000,000 Iraqi dinars and we time it by 2.5 = USD2,500,000 before we may convert them all into our better currency exchange rate in our own nation.

Mr Lim said...

Tell the sceptics what if we win soon?

Mr Lim said...
This comment has been removed by the author.

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