The Adventures of Chester: Discussion Topic: Buying Iraqi Currency
I meant to post this much earlier when the currency folks first purchased a blogad:
What do folks out there think about investing in Iraq by buying currency. From what I can tell, the Iraqi Central Bank currently has the exchange rate fixed (see here), but I suppose it could fluctuate wildly if it was floated. And down the road, after some stability sets in, perhaps it would increase in value.
Thoughts anyone? It would be interesting to know what kind of exchange rates are in use on the streets. Or, to compare purchasing power, to know how much certain staples go for in dinar -- things like bread, milk, etc.
Posted by Chester on July 4, 2005 10:27 PM to The Adventures of Chester