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Q: Who Wants To Be An Iraqi Millionaire? ( No Answer,   1 Comment )
Question  
Subject: Who Wants To Be An Iraqi Millionaire?
Category: Business and Money > Finance
Asked by: hyphenga-ga
List Price: $5.00
Posted: 03 Sep 2004 11:41 PDT
Expires: 03 Oct 2004 11:41 PDT
Question ID: 396490
What are the pros and cons of purchasing a million NEW Iraqi Dinars?
(Current value is apx. $700 U.S.) Will the Dinar's value rise enough
to be worth a million U.S. dollars one day - or will the Iraqi
government just print more money to devaluate their currency "as
necessary"?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Who Wants To Be An Iraqi Millionaire?
From: tutuzdad-ga on 03 Sep 2004 11:51 PDT
 
This is tantamount to gambling and one can EVER predict the outcome of
a gamble (i.e. a game of chance).

"Fact is, it's the economic prospects for a country that determine the
future value of its currency, not the price it trades at now or the
price it traded at in the past. And no matter how low a value a
currency reaches, it can always go lower."

"As for selling any dinars you buy, good luck."

"We haven't seen a legitimate market in terms of trading it." 

CNN MONEY: Stupid currency tricks: Iraqi dinar 
http://money.cnn.com/2004/08/10/pf/expert/ask_expert/


tutuzdad-ga

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