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The country of Iraq is constantly in the headlines. After the country’s invasion by American military forces and the atrocities done there both by the American military (Abu Ghraib) and Iraqi rebels (the ambushes, bombings and televised beheadings of kidnapped expatriates), the country is now also in the midst of fevered discussions in business and investment circles. And the hot subject of debate is if it is a good investment decision to invest in the new Iraqi Dinar.
For straight-forward capitalists, there is really nothing morally wrong with investing in Iraqi money because they see it as just any other investment to be evaluated against standard measurements for quality investments. But there are also certain groups that equate these investments with something more, placing an emotional angle to the whole business of investing (e.g. let’s help Iraq rebuild, or let’s not take advantage of a country we just invaded). As we know, emotional investing is bad. The common sense investor needs to ask whether investing in Iraq makes good investing sense (or not). We think that it is clear that any investment in Iraq (whether it’s the Dinar currency or Iraqi companies) is a bad investment. It’s not that you can’t get lucky: you can. But we’re after consistent, reliable investments.
More Info : http://csinvestor.com/investing-guide/currency/iraqi-dinar
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