So my brother in law has a friend working in Iraq. This friend tells him to invest in the Iraqi Dinar. I also invest. Was it a good or bad idea?

 

Don't get me wrong. My investment was minimal. My wife and I each invested a little over one hundred dollars. That gained us 200,000 dinar. The word was that Iraq was going to back their currency with oil and re-value the currency. That is what I heard. We took a chance with two hundred dollars. It has not happened yet and we have been holding on to the dinar for about a year now. If by some miracle it is someday worth $200,000 .... it will have been a great investment. If this happens I will be kicking myself because I did not buy more. If I lose the $200 initial investment ... I will consider it a lesson learned.