Because I'm a moron who doesn't know dick about economics...

[Spurminator]

... can someone please convince me not to do this? You'll make my wife very happy.

betoniraq.com (http://betoniraq.com/)

[Aggie Hoopsfan]

I'd make sure it wasn't a scam.

[Nbadan]

Don't let me stop you from sending, well, what you can afford, but as a part-time economist, I would never, ever, ever, ever recommend investing in a new currency.

[AlamoSpursFan]

http://betoniraq.com/images/top.jpg

This inspires 2 questions right off the bat. What am i supposed do DO with said Genuine New Iraqi Currency once it gets right to my door, and how the hell do I KNOW it is indeed GENUINE and not Counterfeit?

Inquiring minds want to know...

:lol

[Yonivore]

http://betoniraq.com/images/top.jpg

This inspires 2 questions right off the bat. What am i supposed do DO with said Genuine Iraqi Currency once it gets right to my door, and how the hell do I KNOW it is indeed GENUINE and not Counterfeit?

Inquiring minds want to know...

:lol
Well, assuming it's authentic -- and, you're on your own there -- wait for about six months or six years and, when it has gained on the dollar, go exchange it for U.S. Dollars.

That's the game anyway.

[Spurminator]

The website has this (http://www.betoniraq.com/security.htm) image outlining the security features.

For more official information, I'd refer to this website. (http://iraqcoalition.org/pressreleases/20031015_Congressional-_CURRENCY_EXHANGE_BEGINS3.htm)

[timvp]

Interesting read.

Where'd you hear about it, Spurminator?

[Nbadan]

If you want to throw away money just send it to me. The dinar could collapse, or substantially depreciate if things get worse in Iraq.

Save your pennies, invest in Oil.

[Spurminator]

Here's another website with security features. (http://www.globalsecurity.org/military/world/iraq/images/new-iraqi-dinar-security.jpg)


And here's an article that relates to my question. (http://money.cnn.com/2004/08/10/pf/expert/ask_expert/)

[Spurminator]

Where'd you hear about it, Spurminator?

A friend at work found the site... Not sure how.

[Marcus Bryant]

Pure speculation. Also one would have to believe that the Iraqi government would simply open up the printing presses in the interim while their oil and gas industry is rebuilt and new fields are developed. Devaluation is traditionally a distinct possibility for a country in Iraq's position. The flip side is that since the US is so heavily interested in seeing Iraq prosper there is the strong likelihood that Iraq will continue to enjoy a significant amount of economic support, both in direct subsidies as well as in trade and other assistance. Also the payments that Iraq receives for their crude and gas would be in dollars. Still, this strikes me as more novelty than anything else at this point.

[Spurminator]

This site (http://www.gidassociates.com/ProductCart/pc/viewCat_L.asp?idcategory=3) has cheaper rates... but you have to buy more.

With BetOnIraq.com, you can spend $40 and get $25,000 dinars... and at worst, you've bought an interesting souvenir. (Probably at best too...)