War profiteering from the comfort of your own home
September 25, 2005 6:59 PM   Subscribe

Own 100,000,000 little pieces of Iraq. Or just one very special 500 dinar note from this guy.

*Hand on Heart* I have made many great friends (Mimi, Khalid, Naif, Colby... and about 900 others here at eBay alone) through doing this and hopefully we can realize some fruit from our collective efforts in the future :-)
posted by leapingsheep (14 comments total)
Maybe this guy should get together with Bush's iraqpartnership.org team?
posted by Rothko at 7:07 PM on September 25, 2005

Long or short, thick or thin, Vaseline will get it in.
posted by Eekacat at 7:13 PM on September 25, 2005

Jesus christ.

This dosn't seem shady at all, nope.

Buy Now! As the exchange rate returns to pre embargo time (1990), this could be worth over 300 Million U.S. dollars...

Yeah right. Does currency ever deflate like that? The only way that could happen is if the USD inflated like a motherfucker for a couple decades.
posted by delmoi at 7:14 PM on September 25, 2005

I wonder how much money I could get for 1 pound "mixed bag" of US paper currency.
posted by delmoi at 7:18 PM on September 25, 2005

I'm not vouching for this seller in particular, but this, the trading of Iraqi Dinars isn't really shady stuff. Risky, hell yes, but not really shady. Wired article.
posted by jikel_morten at 8:03 PM on September 25, 2005

The Iraqi Dinar was worth $3 US before the war.
Soon after the fall of Bagdad, the Dinar was worth about $.000127, but that was inflated to look better than it actually was.

I kept saying to my Neo-con friends that if they really supported the war, they would buy Dinars. The CPA 'tied' the value of the dinar to the dollar... whatever that means...

I haven't bought Dinars, but I'm sure somebody's getting rich.
posted by Balisong at 10:00 PM on September 25, 2005

ATM, 1 USD = 1471 IQD
posted by Balisong at 10:02 PM on September 25, 2005

Hmm ... other than going to Iraq, how can one exchange for Dinars?
posted by kafziel at 10:24 PM on September 25, 2005

If anything, people should buy Renminbi. It's stable, for one, and secondly, it's just a matter of time before it's revalued and not kept so artificially low.
posted by taschenrechner at 10:26 PM on September 25, 2005

kafziel, google buy Iraqi Dinar.

I'll give them one thing.. If I would have bought it when I said to buy, and procured a million Dinars for the $435 or so, I could probably take my wife out to a nice dinner with the profit by now.
posted by Balisong at 10:50 PM on September 25, 2005

I bought some of the Saddam bills on eBay once upon a time ago when we were still invading. The money was actually pretty crappy. Cheap paper and cheap printing. It didn't even feel like money.

OTOH, the seller was in Jordan so the stamps and postmark were really interesting.
posted by smackfu at 8:14 AM on September 26, 2005

This reminds me of ZeFrank's spoof.
posted by Hanover Phist at 8:30 AM on September 26, 2005

ahem.. Spoof being here.
posted by Hanover Phist at 8:31 AM on September 26, 2005

For smaller quantities, there's always Bet On Iraq.

They'd make good bookmarks (the dead tree variety) if nothing else... or you could give your friends a shitload of dinars at Christmas (or Ramadan) and they'll really thank you if it goes up.

And if it doesn't, well... keep some in the bathroom, just in case!
posted by JB71 at 10:10 AM on September 26, 2005

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