Yahudi Al Iraq Posted October 20, 2004 Report Share Posted October 20, 2004 Are there any Iraqi dinar speculators here? Quote Link to comment Share on other sites More sharing options...
tajer Posted October 20, 2004 Report Share Posted October 20, 2004 I didn't undersatnd the question.. Would you please detail what do you mean by "dinar speculators" ? Quote Link to comment Share on other sites More sharing options...
Yahudi Al Iraq Posted October 20, 2004 Author Report Share Posted October 20, 2004 What I meant was are there any people here stocking up, buying Iraqi dinars in hopes that the dinar will increase in value? I heard US soldiers were buying millions of new Iraqi dinars thinking they will make lots of money once the dinar enters the world market. Quote Link to comment Share on other sites More sharing options...
tajer Posted October 21, 2004 Report Share Posted October 21, 2004 I personally don't believe in this.. Some of my friends do.. I base my judgement on what other similar countries run into.. e.g. Italian lira, Libanies, etc. Some firends aruged that these countries are not like Iraq.. Iraq has a huge wealth while these are example of countries with industrial back ground or touristic.. In Iraq the wealth is comming by nature.. Maintaining good standered of living , especially with a democratic system where wealth should be better managed, the Iraqi dinar need to be with much better value. My argument is that this is not true.. Better standerd of living might be with better wages and salaries, as the case today with most governmental employees getting 1000% increase. I think the best investment is in stock .. Specially those companies that have real state value or banking.. I migth be wrong.. It would be Good to hear from an Iraqi Jew.. We missed you guys.. We missed the golden old times in Shurja "Baghdad old market".. The times of Sason Hiskial, the first minister of finance in the history of the state of Iraq. Iraq is in need to all sons, to come up with it's glory! Quote Link to comment Share on other sites More sharing options...
Yahudi Al Iraq Posted October 21, 2004 Author Report Share Posted October 21, 2004 Shukran my friend. I too long for the old days of good. Yes I agree that Iraqi stocks do seem to be a good value. Real estate I would love to buy some in Baghdad but right now is difficult to travel. Maybe after January elections things will get better. It is good to hear from someone with a sense of Iraqi history. Quote Link to comment Share on other sites More sharing options...
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