If you think that the prospects for Iraq are good, here's a way to make money on your belief.

Rand, according to the Universal Currency Translator (http://www.xe.com/ucc/full.shtml), 2 million Iraqi Dinars are now worth a bit less than US $1,370. The people at the site you linked to want to sell you those same 2 million Dinars for $2,400.

Thanks, Carey--it didn't occur to me to check the current exchange rate. I assumed that they were making a profit, but I didn't think they'd be taking that big a cut. You have to admit, it's a good marketing gimmick.

It's always nice to have readers smarter than me.

You don't bet on currency with that kind of overhead -- although, I admit, it would be kind of cool to have a crisp 20,000 dinar note in my pocket.

Sounds a bit fishy. I'm expecting Iraq's economy to grow, but I don't think that necessarily means that their currency will appreciate against ours. And the value of the currency in the past is irrelevant...it's not like that price is some sort of "natural level" that it might be expected to return to.

I think the investment to look for is a stock fund that buys Iraqi stocks. It's probably a bit soon for that, since the Iraqi stock exchange just re-opened this month...

(I blogged about the stock exchange here: http://www.randomjottings.net/archives/000928.html )

I only wish you'd pointed this site out sooner. I bought 2 million dinars several weeks ago from someone else and paid a lot more than the 2 grand they are asking (not $2400 like someone else said..check their pricelist).

After a some research, I've found that no one in the US can buy Iraq money for the posted exchange rate. It has to be shipped out of Iraq to a neighboring friendly country, (probably Kuwait or Jordan) to be shipped again to the States. Several middlemen and shipping charges there. And this site charges no shipping that I can tell. They are probably not making as much profit as it appears at first glance.

I bought it hoping that when banks get set up there, and things pick up,(like oil) it has a chance of being worth a lot more than I paid for it.

If I could have bought it at the posted exchange rate, I surely would have. Post it here if you have a way.

I've recently returned from Iraq ad a D.O.D. contractor with a few million of new money. Is anyone exchanging this money? I'm willing to sell it at 500U.S. per million. I can be reached at 512-779-3435. I'm located in the D.C. area.