posted 02-09-2004 01:21 AM            

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.

posted 02-09-2004 09:54 PM            

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!