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Money exchange/money making........

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Old 28-07-2006, 07:18 PM
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smudgerz
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Default Money exchange/money making........

Ok, here goes,,, got told about a money making thing. Buy iraq currency wait for awhile until the country starts trading again and hopefully the exchange rate will have picked up and i will be quids in!!!

Seems too good to be true, what does everyone think??

Cheers, Smudge.
Old 28-07-2006, 07:30 PM
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diesel2000
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Id be suprised if they even start using the same currency again due to all the theft of civilian cash by Saddams Boyos.

If you talk to the squaddies most of them play cards with what is effectively thousands of pounds as its worth piss all, you would imagine they would be in the know I suppose.
Old 28-07-2006, 07:40 PM
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what a crazy idea.
Old 28-07-2006, 07:57 PM
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Default Re: Money exchange/money making........

Originally Posted by smudgerz
Ok, here goes,,, got told about a money making thing. Buy iraq currency wait for awhile until the country starts trading again and hopefully the exchange rate will have picked up and i will be quids in!!!

Seems too good to be true, what does everyone think??

Cheers, Smudge.
No chance mate. My own opinion is there's so much corrupt cash about as said above the currency itself will be scrapped and they'll convert to something else. You also need to bear in mind that the economy and country is in virtual marshal law - how long do you think it'll take to recover ?

Decades mate. Decades.
Old 28-07-2006, 08:01 PM
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smudgerz
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Default Re: Money exchange/money making........

Originally Posted by Mr S1
Originally Posted by smudgerz
Ok, here goes,,, got told about a money making thing. Buy iraq currency wait for awhile until the country starts trading again and hopefully the exchange rate will have picked up and i will be quids in!!!

Seems too good to be true, what does everyone think??

Cheers, Smudge.
No chance mate. My own opinion is there's so much corrupt cash about as said above the currency itself will be scrapped and they'll convert to something else. You also need to bear in mind that the economy and country is in virtual marshal law - how long do you think it'll take to recover ?

Decades mate. Decades.
Oh well, back too doing more over time!!!!!
Old 28-07-2006, 08:03 PM
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smudgerz
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Originally Posted by COMEDY DAN
what a crazy idea.
Just a idea Dan, one day i might have a good one and make some money!!!!

Smudge
Old 28-07-2006, 09:04 PM
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Dan
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Originally Posted by smudgerz
Originally Posted by COMEDY DAN
what a crazy idea.
Just a idea Dan, one day i might have a good one and make some money!!!!

Smudge
You stick at it matey
Old 29-07-2006, 10:25 AM
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Fil
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Originally Posted by smudgerz
Originally Posted by COMEDY DAN
what a crazy idea.
Just a idea Dan, one day i might have a good one and make some money!!!!

Smudge
heres one for you then, go and get as many 1ps and 2ps as you can, then scrap them as the value of the material is higher than their face value!
Old 29-07-2006, 10:35 AM
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discodenkelly
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Originally Posted by Fil
Originally Posted by smudgerz
Originally Posted by COMEDY DAN
what a crazy idea.
Just a idea Dan, one day i might have a good one and make some money!!!!

Smudge
heres one for you then, go and get as many 1ps and 2ps as you can, then scrap them as the value of the material is higher than their face value!
Great idea other than the fact its illegal to deface anything bearing the face of the monarch so by definition scrapping the coins would be illegal
Old 29-07-2006, 10:46 AM
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Graham S1
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Default Re: Money exchange/money making........

Originally Posted by smudgerz
Ok, here goes,,, got told about a money making thing. Buy iraq currency wait for awhile until the country starts trading again and hopefully the exchange rate will have picked up and i will be quids in!!!

Seems too good to be true, what does everyone think??

Cheers, Smudge.
Sounds like war profiteering to me.

But I suppose that's ok because many people have got away with it before.
Old 29-07-2006, 11:01 AM
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"this time next year Rodney we'll be millionaires!!!!"



Steve
Old 29-07-2006, 11:32 AM
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I know lots of people who bought loads of iraqi dinah from iraq while I was there. It's a big gamble but IF the country ever gets back to having their own country economy once they sort the oil and terrorists out etc they WILL be quids in big time!! To be fair it is a big 'if' though!! lol. To say the least the place is a S***hole and it's got nothing to do with the wars, it's how they live. It's a complete stark contrast to Kuwait, which apparently has LESS oil reserves that Iraq. Just shows what a corrupt leader can do to a country. The only places that were decent in Iraq were where Saddam lived or stayed, or where his family and friends lived!! Their new currency was printed in england with all the security features that ours have to help stop counterfeit money!!
Old 29-07-2006, 12:14 PM
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series1
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i know loads of lads that have got literally bundles of iraq currency, they nicked it from iraqis when doing vehicle searchs and confiscated it, its not worth anything yet but they all hope it will make them a nice bit of money in a few years, im going over 2 iraq in july next year and im gonna try bring some back to, id say its worth doing but will take years to be worth anything.
Old 29-07-2006, 12:21 PM
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smudgerz
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Originally Posted by Steve_B
"this time next year Rodney we'll be millionaires!!!!"



Steve
if i say it enough times.........
Old 29-07-2006, 12:23 PM
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Fil
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Originally Posted by discodenkelly
Originally Posted by Fil
Originally Posted by smudgerz
Originally Posted by COMEDY DAN
what a crazy idea.
Just a idea Dan, one day i might have a good one and make some money!!!!

Smudge
heres one for you then, go and get as many 1ps and 2ps as you can, then scrap them as the value of the material is higher than their face value!
Great idea other than the fact its illegal to deface anything bearing the face of the monarch so by definition scrapping the coins would be illegal
yep but fuck'em, melt away i say
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