Let's talk Iraqi Dinar | Forex Factory

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Let's talk Iraqi Dinar

  • #1
  • First Post: Feb 2, 2008 7:17pm Feb 2, 2008 7:17pm
Let's take an objective look at Iraq's economy, and moral considerations of profiting from the Dinar.

The Economy:

I recently saw on the BBC that Iraq has grown their "stock market" from 12 to 60 publicly traded companies in recent months. From a shrewd investing perspective, the risk to reward could be quite attractive. I am thinking of this from an investment (not trading) perspective, where a few million Dinar today could be worth quite a bit more 10 to 15 years from now. The cheap price of Dinar make this very interesting.

The Moral Consideration:

Is there anything wrong with buying a country's currency that is hosting a battleground, and going through chaos and hardship? A part of me think that buying Dinar does nothing except boost their economy.... that paying for Dinar only strengthens it.

The other part of me thinks that I am capitalizing on a wounded dog.... that I am feeding off the hardship of others. It's rather undeniable.


What do you guys think? A) Is it a good investment? B) Is it unethical to play the Dinar?

I'd love to hear all points of view.
  • #2
  • Feb 2, 2008 8:02pm Feb 2, 2008 8:02pm
Quoting tdion
Let's take an objective look at Iraq's economy, and moral considerations of profiting from the Dinar.

The Economy:

I recently saw on the BBC that Iraq has grown their "stock market" from 12 to 60 publicly traded companies in recent months. From a shrewd investing perspective, the risk to reward could be quite attractive. I am thinking of this from an investment (not trading) perspective, where a few million Dinar today could be worth quite a bit more 10 to 15 years from now. The cheap price of Dinar make this very interesting.

The Moral Consideration:

Is there anything wrong with buying a country's currency that is hosting a battleground, and going through chaos and hardship? A part of me think that buying Dinar does nothing except boost their economy.... that paying for Dinar only strengthens it.

The other part of me thinks that I am capitalizing on a wounded dog.... that I am feeding off the hardship of others. It's rather undeniable.


What do you guys think? A) Is it a good investment? B) Is it unethical to play the Dinar?

I'd love to hear all points of view.
A) A good investment, I've already packed away a few million of the lastest print just in case.
  • #3
  • Feb 2, 2008 9:46pm Feb 2, 2008 9:46pm
what about buying USD, a country that puts Iraq in its current situation?
  • #4
  • Feb 2, 2008 9:57pm Feb 2, 2008 9:57pm
It has steadily increased in value over the past few years.

http://finance.yahoo.com/currency/co...IQD&amt=1&t=5y
  • #5
  • Feb 2, 2008 11:12pm Feb 2, 2008 11:12pm
This website has some interesting information to help w/ a decision:
http://www.iraqidinar.org/
In trading, there is no bullshit. You either make money or you don't.
  • #6
  • Feb 5, 2008 9:58am Feb 5, 2008 9:58am
I don’t think you should have any moral quarrels over buying into this emerging market. Your money is not going to affect the outcome of any battles now or in the future, no matter how much profit you make off of it. Although I don't believe any investment we could make would influence it to this degree, the only possible out come to more investors in Iraq would be more people interested in helping the situation and making them a more stable country.
The basis of a democratic state is liberty. ~ Aristotle
  • #7
  • Feb 5, 2008 12:48pm Feb 5, 2008 12:48pm
There is another thread here in the Trading Room regarding the Dinar. I didn't bump it because this thread has a little different slant. Just mentioning it because there were a few good replies on the other thread as well.
  • #8
  • Feb 6, 2008 3:28am Feb 6, 2008 3:28am
I'm just sitting here wondering what's so wrong with the "normal" FX pairs we already have.

Everything presents great r/r over and over again in variable constellations; is everyone so bored with the established, high liquidity, low spread, readily available, tradeable, "secured" pairs already?

Again..just wondering...(my eternal internal "Why?")

The other thread is at
http://forexfactory.com/showthread.php?t=46673
where as B said discussion also already took place.
Trust price. Know yourself.
  • #9
  • Feb 6, 2008 3:43am Feb 6, 2008 3:43am
i got a mil
my parents got a few

go for it
im from lebanon and while im in florida most of the time, my brother always keeps me informed of anything he hears. i cant really tell u much but talks are that things will improve over time and the dinar will come back to where it was years ago. im sure u knew that already but yea when ur from the middle east or have someone there u tend to learn some interesting things.
their gov just gave us 2 mil $ for taking care of their refugees.
oil production is on the rise with record profits
talks that 2008 will be a year unlike other. not sure if theyr talkin deaths or economic boom lol
but yea i think it has potential
if not o well. after all we should be using money we can afford to lose.
  • #10
  • Last Post: Feb 6, 2008 1:47pm Feb 6, 2008 1:47pm
Quoting tdion
and moral considerations of profiting from the Dinar.
moral considerations?!? :surprised

if you have moral considerations about a trade then you probably have a crapload of other biases. my advice (not that anyone asked LOL) is get rid of these biases ASAP, they can do major harm to the PL.
Relax and be happy.
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