My husband told me a couple of weeks ago about Iraq revaluing their currency. He suggested that we buy some Iraqi Dinar, so that when they DID revalue, we'd have a nice little chunk of money.
So far, we've gotten 125,000 dinar. It had been speculated that the exchange rate would be 1 dinar would be 5 USD. I couldn't argue with him, so we bought some. First, 25k. Then another 100k a couple of nights ago.
This morning, he sent me a really jumbled text that said something to the effect of Iraq was going to announce it, the dinar would be worth 9 USD, but someone (in the text it said IMF) stepped in and told their president that they couldn't do that, it was too much.
Has anyone else heard anything about this? This just happened with Turkey, and people made money, and a few years ago (2003? 2004?) with Kuwait.
It's supposed to be going on with Vietnam, too.