If you were to invest $800 in Iraq currency by April 2006, what would the potential profit be in 5 years?
96571
The situation in the country is far too volatile that a Kuwait-like appreciation of its currency is unlikely. It would have to be a long-term investment and it may not pan out.  It is like playing the lottery and we all know the lottery is not an investment.\n\nIf you must make sure it is "play" money that you can afford to lose just in case the dinar becomes another monopoly currency.
1146224
OK, let's put some numbers on the problem.  We have an asset with monthly volatility of about 10% and a near-zero expected return in the long run. How likely is it that its price will increase by 70% in five months?  If I am doing my math correctly, this would be a 3.17 standard deviation event, meaning that the likelihood of that happening is about 0.08%. \n\nIf you built an ARMA model, you could probably get a higher likelihood estimate though...  I'd run one out of curiosity, but I don't have eViews handy...
735450
if your adventerous, get a job over here in iraq like i did.  i came over here $125,000 in debt back in 2003.  by next april, i will be totally debt free.  i would have been done a lot sooner, but i splurged a little on my vacations.  i'm with halliburton(kbr), but there are many companies over here that pay well.  the first $80,000 is tax free.  each month i bring home anywhere between $8,000 to $11,000 a month(bring home), depending on if it is a four or five week month.  it can be dangerous at times, but i have been here 3 1/2 years and i still have all my fingers and toes.  good luck.
254680
NO. It is likely to be a really poor investment. \n\nThe dinar is traded on one exchange at the Iraqi National Bank. They have currently allowed both Kuwaiti and Jordanian banks to accept and distribute dinars, in order to accomodate contractors working in Iraq. Other than these three countries there are no international banks that can accept dinars in exchange for any other currency. \n\nThe value of the dinar has remained unchanged since the exchange began several years ago, and fluctuates only by about 1% from 1476 dinars to the US dollar. This hardly appears to be a free exchange, and appears to be controlled by the US government which has a vested interest in maintaining a stable currency exchange value for the contractors working in Iraq. The only values that fluctuate are the exchange values for other currencies, these are determined by the changes in the value of the US dollar against those currencies. \n\nIt appears likely to me that the Iraqi dinar will end up being tied to a fixed value against the US dollar, or perhaps a basket of the other internationally traded currencies. There are many countries that tie their currency exchange value to another currency. If this happens, and you were expecting to make a US dollar profit on your dinar investment, you will be out of luck, because you may have no opportunity for any relative appreciation.\n\nFinally, if the dinar were allowed to float on the exchange markets it is likely that it will fall precipitously. The unemployment rate in Iraq is often quoted as near 50%. The economy is going to be dependent on a badly damaged oil sector that currently is not producing as much oil as it was before the war, and is barely managing to produce more than the internal demand for oil products. Much of the exports of Iraqi oil you hear about are offset by importing refined oil products from other countries in the region. As long as there is unstability in the country the oil sector cannot recover, because drilling wells and exploring for oil cannot be accomplished where they will be targeted by snipers or bombers. It may be decades before Iraq recovers economically. \n\nPersonally, I believe money invested in Dinars is about as likely to make you a profit as money 'invested' in lottery tickets. If you can afford to lose it, you might get lucky, but it is NOT an INVESTMENT.
219393
im iraqi and my dad told me that before the 1991 gulf war, the iraqi dinar was worth about $2, but i wouldnt invest in it right now because the country is on the brink of civil war. maybe later when the country is a little more stable
756400
The short answer is : No.\nUp until about 1990, the exchange rate was 1 Dinar = US$3.20 \nBeginning shorthly before the first Gulf War, the free market rate of the dinar began dropping and was about 300 to the US dollar by 1996, even though the official rate remained at the pre-war level. Shortly before the start of the second Gulf War, the free market rate was about 900 to the US dollar. The highest denomination Saddam banknote was the 10000 dinar banknote, which was about $11.00 US (Uncut sheets of 15 of this same note are readily available on eBay for about $30).\n\nFYI, Iran's currency isn't especially stable, either. The rate has dropped from 3000 riyals / US$1 to 8000 / US$1 over the last five years. \n\nIt all boils down to who is running the printing press in each individual country.
1146007
10,000 AUD in the US.  If you want USD, it would be about 7,421
209690
$1,000,000 does not go as far as it used too. I would invest it.
3580
Invest in Iraqi Dinars.... current exchange rate is 1457 Dinars per 1 US dollar. Exachange rate during the Saddam era was less than 0.40 Dinars per 1 US dollar... Exchange rate may begin to equalize once the new Iraqi government starts business at the end of the year. Better act soon if you choose this method of "becoming wealthy."
552673
short term ? nobody knows.\nlong term ? maybe 8% to 10% / year.
486977
Depends ...I wouldnt say more than $15000 annually.
1049084
One of the first things the US government did was replace Iraq's currency. If there are Iraqi "petro dollars" floating around, they are worthless.
20983
For 2005: $14K\nFor 2006: $15K
1071408
invest all of it into a savings account that makes 5% interest and make 50000 each year for free
430179
Assuming no growth do to interest earned then $200,000 in 1954 $$ would be worth only $26,560 in 2006 $$. The factor from 1954 to 2006 is 7.53 Another way to look at it would be to say it would take $1,506,000 of todays $$ to buy the same thing you could buy in 1954 for $200,000.\n\nNow if it had been invested in 1954 at 5% interest rate it would be worth $2,500,000 in 2006 dollars with the buying power of about $336,000 1954 $$.
476330
http://finance.yahoo.com/q/hp?s=%5EGSPC
60523
Working secury in Iraq. Really - $400 to $600 a day. There is a risk knowing that everone will hate you and want to slit your neck.\nOtherwise you have to write a book, say, "The Mushroom Field". Besure you have enough graft, sex, violence and maybe some kind of moral.