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Old 09-17-2004, 05:27 PM
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Default O/T What Ever Came of the Dinars?

I am curious . . . what ever came of the dinar investments that some of you made? Any movement?
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Old 09-17-2004, 05:41 PM
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Default Re: O/T What Ever Came of the Dinars?

hmmm ... good question. i completely forgot about that, now i'm curious as well.

-Z
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Old 09-17-2004, 07:00 PM
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Default Re: O/T What Ever Came of the Dinars?

I was thinking of that the other day and was wondering what happened?
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Old 09-17-2004, 08:08 PM
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Default Re: O/T What Ever Came of the Dinars?

Nothing has happened yet. It's still sitting right where it has been for quite awhile now. It's not going to do anything over night. I never expected it to. There's still to much going on over there. Those that did invest in it could be sitting on it for a long time. In hopes that it might even go dollar for dollar. Worst case, even if it goes for pennies on the US dollar you would still make a little money.

200,000 Iraqi Dinar = 140.746 US Dollar

This is where I sit on a $200 investment

Last edited by LoKi; 09-17-2004 at 08:10 PM.
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Old 09-17-2004, 09:28 PM
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Default Re: O/T What Ever Came of the Dinars?

I also bought 250,000 Dinars for $200. It's in a safe place where it will likely stay forever =D We'll see if it ever goes anywhere, but this was an investment I was prepared to wait years if necessary. I haven't even thought about it in a couple of weeks. Not like I invested my life savings or anything. I'm sure Loki and I will keep you all posted if something changes. MCP will probably chime in too!
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Old 09-17-2004, 09:35 PM
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Default Re: O/T What Ever Came of the Dinars?

that is one crazy investment. LOL i think if i bought any of that money or came acroos it, i would BURN IT. but then again, you who invested, may get rich off it one day, if ya do, your my new best friend LOL
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Old 09-18-2004, 12:18 AM
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Default Re: O/T What Ever Came of the Dinars?

Well I can tell you the exchange rate in country is $1 US = $1,450 ID and has been ther for along time.

I would say though you guys will at the very least break even and the longer you keep it the better you will be. I wouldn't expect it to move much for a couple af years, to much US currency being pumped into Iraq now. The oil infastructure and investment will continue to be poor until this insergency is smashed then the Iraqi people can get some benifits from the natural resources they have and investors will start to come in with Mo Money.
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