The front of the Iraqi Dinar 5,000-dinar note shows Gully Ali Beg and its 800m waterfall. The 10km gully passes between Mount Kork and Mount Nwathnin, some 60km away from Shaqlawa.
Is the new Iraqi dinar the investmernt opportunity of a lifetime for the "little guy"? Or, just another get rich-quick-scheme aimed at the Ralph Cramden's of the world?
The answer won't be clear for years, but what is certain is that Iraqi Dinars have caused a stir. We'll aim to keep you abreast of the latest Iraqi dinar developments here and provide the tools and info needed to make an informed decison about wheter to invest in this speculative currency.
Iraqi Dinar Alert
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- Iraqi Dinar Alert
- Blog focuses on Iraqi dinar issues and news. Site includes a self-test quiz to check your understanding of the Iraqi dinar before deciding to buy.
- 401k Planning
- Great site provides tools and information to help determine if Iqaqi Dinar are suitable for 401k planning.
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Understanding the Iraqi Dinar Hysteria
Press releases and sales pitches like the one below fuel the average person's longing to get rich.The fact that large sums of Iraqi Dinar can be purchased for relatively modest sum (e.g. $750 for 1 million dinar) fuel the psychology. Many dealers also allude to the patriotic benefits of buying dinars.
"The Dinar has long been a strong currency. Right now it is at a historically low rate. It is similiar to what happened in Japan and Germany after World War II. Their economies were shattered so you could buy up lots of their currency very cheaply. Once their economies got back on track, anyone who had taken advantage of that opportunity became extremely wealthy. The US Government has invested over 200 Billion Dollars in the future of Iraq so far. They have committed another 18 Billion Dollars in Reconstruction Aid. That is more than $2000 per US Household. Are you in a position to directly profit from that investment? You are if you buy Dinars."
