|
|
Bhang
Joined: 31 Jan 2003
Posts: 641
Location: Classified |
Thousands of dollars for pennies?
 Mon Feb 09, 2004 8:21 am
|
 |
|
OK, so most of you know I've been here in Iraq for almost a year now and have only complained. Well I think of other things too!
When I first got to Iraq the local curency (Dinar) was 3000dinar for 1$. I bought a bunch for keepsake. Then back in October the New Dinar came and we exchanged all our old dinar with Saddam's face on it for the new dinar. At the time of this change over the Iraqi Dinar was at 1750dinar for a dollar. Now it's at 1200dinar per dollar. Do you see where I'm going?
Back in the 80's the exchange rate for Iraqi Dinar was 3$ for 1 Dinar! Right now a Kuwaiti Dinar is $5 for 1 ....
So with all these foriegn countries pouring money into Iraqi contracts and when the oil lines are once again flowing, I forsee my $1000.00 investment becoming $1.2 million. I only imagine that it will eventually even out in a few years - hell if it only increases another 500 I'll still make a cool $500,000 right?
I don't know enough about how it all works but I cooked up the idea while pulling one of many 12 hour gaurd shifts and have found no reason why it is not a good investment. The dinar has nowhere to go but up. 
What do you all think?
If you want dinar too, PM me. I can get you some.
------------------
Third eye vision.
[Edited 1 times, lastly by Bhang on 02-09-2004] |
| |
|
|
the professor
Joined: 10 Jan 2003
Posts: 1164
Location: heartland USA |
|
Tue Feb 10, 2004 3:03 am
|
|
|
Interesting, When are they sending you back stateside? hopefully you don't live in a desert (in the states) Do the Iraqi's treat you ok? hope the rest of your stay goes well and I'd gladly exchange you some dinar for our currency, private mail me if you will. |
| |
|
|
JerseyBluEyz
Joined: 09 Jul 2003
Posts: 1257
Location: Northeast |
|
Tue Feb 10, 2004 4:54 am
|
|
|
Professor! I saw your name and I had to say HEY! I've been wondering about you. I miss seeing your name around these parts! Been busy huh? Me too. I'm taking a break for the next couple of days from working on a book and website for a friend! That work has been real eye-opening. Don't be such a stranger!
You know who else is MIA - Ellyn. She hasn't posted much in the past 3 weeks. Maybe the lucky girl is on vacation. That's what I need! A vacation!
Later! |
| |
|
|
Bhang
Joined: 31 Jan 2003
Posts: 641
Location: Classified |
|
Tue Feb 10, 2004 12:01 pm
|
|
|
Hey Professer,
I tried to PM you but got a message saying that I'm unathorized. You will have to PM me. |
| |
|
|
the professor
Joined: 10 Jan 2003
Posts: 1164
Location: heartland USA |
|
Thu Feb 12, 2004 5:50 am
|
|
|
Hey sorry I havn't been here much lately, Bhang I pm you. If you can't get through let me know and I'll give you my email. |
| |
|
|
 
|
|
All times are GMT. The time now is Sat May 26, 2012 4:28 am
|
|
|
|
|
Login
