My brother came to me the other day about a plan he had of buying Iraqi Dinar. When I asked him why he wanted to buy Iraqi Dinar, he gave me the whole sales talk on how buying the “NEW Iraqi Dinar” at the current exchange rate will make him a millionaire once the Iraqi Dinar hit the open market.
Do I think he should have bought them? Not really. My motto is: If something sounds to easy to be true, it usually is.
But I did do some research on this, and found quite a few sites that were offering to sell me the New Iraqi Dinar. For example, one site could sell me 1,000,000 Iraqi Dinar for $700. And that it was so low due to the Iraqi wars. Some sites have evidence showing how war-torn countries’ currencies go up in value almost exponentially in peace time.
I guess I’m just a chicken when it comes to something SO risky. If you’ve had any experience buying Iraqi Dinar (or some other foreign currency) ovr the internet, please let me know.