Is there such a thing as a non-scam Iraqi dinar investment?Submitted by mungke on Sun, 10/06/2013 - 23:50
I haven't really closely followed the whole Iraqi Dinar craze. So I have a sincere question about it.
A lot of people I know and respect think anything "Dinar" is pure bunk and no one should buy it ever.
Still, I get the argument - that the country will become more prosperous, it might be revalued post-war, and as the economy goes, so should the currency, over time. One site claimed a 43% appreciation in the Dinar since 2003.
Now clearly there are a lot of scam artists in this area. The guys who promise insane revaluations are going to happen any day now, for years on end, with recycled excuses when it doesn't happen. Now I KNOW those guys are fakes, that's just common sense and logic.
But is there a legitimate, non-crazy reason to invest + buy Dinar currency?
Thanks in advance for any opinions.