If you have money...

[The Dread Pirate]

To put away for 5-10 years, I would suggest in investing in the Iraqi Dinar. With US aid, and rising oil prices, it would be an excellent idea.


Just a tip :)

[Amortized]

it could be very lucrative. its somewhat unstable over there so of course that investment would come with a fair amount of risk. if their new goverment is accepted by the people and doesn't do anything to cause uprisings, it could be very lucrative.

[The Dread Pirate]

I already have $500 invested, and despite the uprisings and what not, they are making progress.

[Miles]

yeah just a little risk investing in a currency of a country that for all we know might not exist tomorrow.

[Just Dave]

I think its a pretty safe bet they will exist tomorrow. Even if they don't, the money will be worth something to someone. You may not be able to retire off of it, but it should at least help with the sting of losing. Not a bad idea really.

[Robin355]

This comes up on pretty much every internet forum, and is almost definitely a no-go. Why? Take your iraqi dinar down to your nearest bank and tell them you'd like to exchange them for USD. Surprise!

-R

[moldyhands]

on 5/23/05, one iraqi dinar was worth 0.00070930 US dollars. today, 8/23/05, that same iraqi dinar would be worth 0.00068060 US dollars. not a very good return if you ask me. it's usually better when you have a positive return.

and no i'm not trying to say you should invest based on a 3 month return. i'm just saying that iraq has a long road to toe, and you generally want to keep your risky investments short-term in nature.