What happened to the Iraqi Dinar?
After the last war in Iraq, I purchased $225,000 of Iraqi Dinar, was around 2003. It was supposed to be a for sure thing, so I thought. The Dinar was strong, dinar to US$3.2169, a rate which remained until the Gulf War. The Iraqi dinar and its economy were shattered during Saddam's reign. Now after the death of Saddam, the nation is showing improvement in the Iraqi Dinar, quality life, economy, and other factors that is supporting the nation to attain its previous lavishness.
Still, the Iraqi Dinar’s value hasn’t risen to the level expected. It seems that the effects of actions taken by both Saddam and U.S. government interests have combined to keep the Dinar’s value low. 1 Iraqi Dinar equals 0.00086 US Dollar.
I think I will keep putting my money in to Silver and Gold.