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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"? |
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There is no answer at this time. |
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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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