Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Current Events & Hot Topics Current Events & Hot Topics

Revaluing the Iraqi Dinar.

Posted by on Nov. 22, 2010 at 4:18 PM
  • 2 Replies

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.

by on Nov. 22, 2010 at 4:18 PM
Add your quick reply below:
You must be a member to reply to this post.
Replies (1-2):
toomanypoodles
by Ruby Member on Nov. 23, 2010 at 12:34 AM

 My husband bought some dinar a few months ago.  Waiting for our ship to come in!  :)

Dodgermommy544
by Member on Nov. 23, 2010 at 12:38 AM

 I don not undersnad foreign currency(is that dumb?),sorry,

but ths was a good read,and very interesting.

Add your quick reply below:
You must be a member to reply to this post.
Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN