My neighbor's son in law bought 1 milllion $$ of the new Iraqui currency for $800.00 and said he wil
gil
Posts: 988
the economy stabilizes. they said it's now worth $1200.00. has anyone heard of this.He is hoping as the economy gets better the currency will be worth more. he actually has the money it's not being held by a broker.
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ca$h
I wonder what customs will think when he shows up at the airport with $1 million in cash.
Somehow I doubt he'll clear without a trip downtown....
Joe.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Warren Buffet did it with investments
Bill Gates with computers
David Hall with coins
maybe your neighbor's son will do it with iraqi currency
anyway gil, it gets me to pray for peace and stability in their region.
not for the money, but for the peace.
good point bochiman .....
sorry
``https://ebay.us/m/KxolR5
<< <i>I'm trying to figure out how this one belongs on the US COIN forums
I agree. What does this have to do with e-Bay or gold buffalos? It belongs on the Iraqi currency forum.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Theres the uel where you can buy. jws >>
....
What's a ....uel...........
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Best of luck to the intrepid currency speculator
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
OOPS---
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
The 1000 Dinar notes were going for about 75¢ U.S. at the time.
He said the trend is the Dinars are going down in value against the U.S. dollar.
I think this speculating in currency is foolish.
These were brought home as souvenirs by my nephew.
Ray
<< <i>I'm trying to figure out how this one belongs on the US COIN forums
What a lame response!
<< <i>
<< <i>I'm trying to figure out how this one belongs on the US COIN forums
What a lame response! >>
No it's not - it obviously belongs on the Iraqi Currency Forum
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Link
<< <i>Tell me where I can send $8000. $1 million is not enough for me. >>
Coin's for sale/trade.
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Iraq Bonds Rally on U.S. Troop Surge, Oil Earnings (Update2)
By Lester Pimentel
Dec. 7 (Bloomberg) -- Holders of Iraqi bonds are giving President George W. Bush a vote of confidence.
The country's $2.7 billion of 5.8 percent bonds due in 2028 returned 15.2 percent since July, according to JPMorgan Chase & Co. index data. Only Ecuador's debt gained more, rising 18 percent. Iraq's securities yield 6.21 percentage points more than Treasuries, the most of any dollar-denominated government debt.
While the war in Iraq has dragged Bush's approval ratings lower, his policies in Iraq have turned around investor opinion on Iraqi debentures. The addition of 28,000 troops in the first half of the year has reduced terrorist attacks in the country by 55 percent, the U.S. embassy in Iraq said on Nov. 18.
``We've had a shift in sentiment,'' said Gorky Urquieta, who oversees $14 billion of emerging-market debt at ING Investment Management in The Hague. ING started buying the securities last month, and is now among the biggest holders along with San Mateo, California-based Franklin Templeton Investments and Baltimore- based T. Rowe Price Group Inc., data compiled by Bloomberg show. ``There's optimism the surge is starting to pay off,'' he said.
A 46 percent increase this year in the price of crude oil, Iraq's biggest export, has also boosted demand for the debt. Production rose to 2.5 million barrels a day from 2 million in September, Oil Minister Hussain al-Shahristani said last month. Crude reached a record $99.29 a barrel on Nov. 21.
Sunnis, Shiites
Iraq sold bonds to international investors two years ago as part of an agreement by creditors to drop claims on $14 billion of debt dating from the regime of former President Saddam Hussein. The securities are unrated.
The notes began trading at 64 cents on the dollar on Jan. 13, 2006, and slumped to 55 cents in August, pushing the yield to 11.53 percent, according to Bloomberg data. Today, the bonds are back to 64.25 cents to yield 9.95 percent, according to Exotix Ltd., a broker of distressed debt.
Bush increased the number of soldiers in Iraq to 160,000 to gain control of Baghdad and the western province of al-Anbar and quell violence by al-Qaeda, Sunni Muslim insurgents and Shiite Muslim militias. The troop increase helped cut terrorist attacks to the fewest since January 2006, Rear Admiral Gregory Smith said on Nov. 18, according to a transcript posted on the Web site of the U.S. embassy in Iraq.
Violence has also declined because Shiite cleric Moqtada al- Sadr called for his Mahdi Army to cease attacks on other militias and U.S. forces, Colonel Don Farris, who leads a brigade in Iraq, said last month. Civilian deaths have dropped 60 percent in Iraq and 75 percent in Baghdad since June, Smith said.
Poll Results
Forty-eight percent of Americans say the war in Iraq is going ``very well'' or ``fairly well,'' up from 34 percent in June and the highest since September 2006, according to a survey by the Pew Research Center for the People and the Press. The poll of 1,399 adults was conducted Nov. 20-26 and had a margin of error of plus or minus 3 percentage points.
And as Paul Harvey would say, "Now you know the rest of the story"
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Not me... I just invest in American coins.
Steve
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<< <i>I would like to see a photo of this currency...does it feature Hussein or Bush? >>
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Here in the Detroit area, which is just across the river from Canada, none of the banks will even change Canadian currency. There is one currency exchange in the suburbs that will change foreign currency, but at a substantial discount.
When buying speculative "investments" you always have to consider just how liquid what you hold is going to be.