Investing in Iraq


Iraqi Dinars are literally cheaper than toilet paper
Who would have thought that investing in Iraqi currency wouldn't be the safest place to put the kids' college fund. A recent consumer alert from the Cleveland Better Business Bureau cautions against buying Iraqi Dinars from the Chicago-based company United World Exchange, citing cases nationwide in which people who purchased Dinars from the web site never received the goods. One man from central Ohio, a soldier currently fighting in Iraq, bought one million Dinars from the company for $1,130. Three weeks later, his mailbox was still empty. Turns out, United World Exchange isn't the only fly-by-night Dinar dealer out there, promising returns beyond your wildest dreams. But even if you find a reputable company to go through, stocking up on Iraqi cash is about as safe as betting your life-savings on Britney Spears' hairdo. Sure, the Dinar's value is so depressed (about .0008 U.S. Dollars) that if it goes up just by a few pennies, you could wind up a millionaire. Unfortunately, at the rate things are going, it looks like the Iraqi people might just scrap the Dinar altogether and start trading in bootleg copies of Apocalypto. Click here for a real financial analyst's take on investing in chaos. — Jared Klaus


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