this web-site says that >The old "Saddam" Dinar has no current value and is worth only what a collector is willing to pay for it.< That makes sense, since there was a deliberate effort to suppress it, to replace it with the new Dinar.
supposedly the Saddam one was circulating in Iraqi Kurdistan... On 7/29/06, Marvin Gandall <[EMAIL PROTECTED]> wrote:
Jim D. writes: > yes, currency is in demand by bank-robbers, but is it scarce? > > there are some who believe that the value of money comes simply > because it is backed by the state. But in Iraq, some currencies > circulated that had been issued by states that no longer existed -- > even though they were replaced by new currencies. I was wondering if > this is still so. > > It would be ironic if, in addition, Bush's state in Iraq were to be in > such bad shape (causing inflation) hat its dinar was worth less than > Saddam's old ones are now. ============================ See http://www.xe.com/iqd.htm#overview. It's pretty cheap (1466IQD=1USD) and not traded freely (neither was the Saddam dinar, which was pegged at a much higher rate) so if you go to Baghdad you could probably get a wheelbarrow's worth for pennies on on the black market if you want to make a long-term bet the country will survive intact and stability will return and the dinar will appreciate on the back of rising Iraqi oil exports. I wish you the very best of luck.
-- Jim Devine / "A different world can be created or re-created—but not until we stop enshrining the economic values of invisible labor, infinite and obsessive growth, and a slow environmental suicide." -- Gloria Steinem
