are the new iraq dinars going to be worth something?
lucy asked:
is it a good investment?
is it a good investment?
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You did not disclose the details and nature of your investment but in general, I myself would wait until the internal situation in Iraq significantly improves before I would think about making an investment in the economy or currency of that country. But that’s just me.
You might be talking about currency trading. The value of a currency is tied to the strength of its economy and sometimes, the existence of a particular political system in that country. There were South Vietnamese people that left the country in 1975 with rolls and rolls of the South Vietnamese currency that became worthless following the fall of the American-backed regime there that year. The smart ones had bought gold over the years while they were still in Vietnam and thus, were able to exchange it for US dollars once they got to this country.
Frankly, if I were you (and I’m not, of course), I’d look at investing in America or China before I’d look at Iraq.